Trending Auto Retail News
Don Franklin, Sutherlin, Sam Leman, Taverna Collection: Dealership Deals
Don Franklin Adds Ford Dealership in Kentucky The Don Franklin Automotive Group has acquired Knox Ford in Radcliff, KY. The dealership was sold after owner Gary Haupt decided to simplify his portfolio and focus on his larger Ford dealership in the Louisville area....
Are You Chasing Leads? Or Are You Pursuing Active Buyers?
Dealerships today face an ever-increasing challenge to maximize their marketing efforts and drive sales. While the industry has long focused on lead generation as a primary metric for success, savvy dealers are beginning to recognize that not all leads are created...
JM Family Enterprises Names President Dan Chait as next CEO
JM Family Enterprises, a privately held company with more than $20 billion in revenue, announced that Dan Chait, currently president and chief operating officer (COO), has been named president and CEO, effective January 1, 2025. He is succeeding Brent Burns as CEO,...
October Inventory Hits 3.14 Million Units for New-Vehicles
New vehicle inventory on auto dealer lots hit 3.14 million units in October, the second consecutive month new vehicle inventory jumped by 90,000 units (2.9 percent), according to the recently released ZeroSum's report for November. The "State of the Dealer" report...
A Shift in Focus: Leaning on Used Car Departments and Fixed Ops in Automotive
Used car prices are lower than they’ve been in years. Back in 2020, limited inventory supply couldn’t meet customer demand—and as a result, dealerships could charge higher prices and boost profit margins. But the tide has turned. Now, despite lower car prices, fewer...
Marchex Announces Additional AI Solutions to Empower Businesses
Marchex, which harnesses the power of AI and conversational intelligence to drive operational excellence and revenue acceleration, announced the phased rollout of its vertical-specific advanced AI solutions for lead identification, lead value assessment, and trending...
Sen.-elect Moreno Lays Out His Auto Agenda
U.S. Sen.-elect Bernie Moreno (R-OH) recently outlined the objectives focused on the auto industry he will work on with President-elect Donald Trump and his administration to enact in the coming years. Among the subjects discussed in a recently published interview in...
Strangle Hackers with Three-Point Wi-Fi Protection
Sometimes it’s not the Star Wars cybersecurity failure that plague dealerships. One of the most prevalent of this is the ubiquitous Wi-Fi network not being configured properly, setting up hackers to exploit. If there is one cybersecurity measure that dealerships need...
CarOffer Welcomes Scott Wood as Senior Vice President of Operations
Leading digital wholesale platform CarOffer, part of the CarGurus network, announced the addition of Scott Wood as senior vice president of operations. In his role, Wood leads day-to-day operations, strategic planning, and implementation of operational improvements in...
New-Vehicle Prices Nearly $50K in October: KBB
October’s average transaction price (ATP) for a new vehicle was $48,623 as incentives to make a deal continue to grow, according to data released from Kelley Blue Book (KBB). The ATP rose $200 from September’s revised price and higher by 1.7 percent from year-earlier...
CallRevu Expands TestTrack – Now Available to All Dealerships Nationwide, Featuring New Challenges for Service Teams
CallRevu, the industry leader in communication intelligence for automotive dealerships, has expanded availability of TestTrack, its AI-driven, customizable training platform. Following a successful launch last month, TestTrack is now available to dealerships...
Rivian, Volkswagen Launch $5.8 Billion Joint Venture
Rivian and Volkswagen entered into a joint venture to create electric architecture and software for next-generation software defined vehicles. The company, Rivian and Volkswagen Group Technologies, has VW slated to invest up to $5.8 billion in Rivian and the joint...
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