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Trending Auto Retail News

Maximizing ROI: Key Strategies for Business Success

Maximizing ROI: Key Strategies for Business Success

Understanding and improving return on investment (ROI) is a critical goal for businesses aiming to enhance their performance and achieve sustainable growth. This article explores practical strategies for optimizing marketing, enhancing operational efficiency, and...

Wholesale Used-Vehicle Prices Increased in July

Wholesale Used-Vehicle Prices Increased in July

Cox Automotive reported the wholesale price for pre-owned vehicles rose for the month of July from a month earlier. The Manheim Used Vehicle Value Index (MUVVI) rose to 201.6, a decline of 4.8 percent from a year ago. The seasonal adjustment to the index amplified the...

NXP, BMW Lead Drive for Car Connectivity Consortium Certification

NXP, BMW Lead Drive for Car Connectivity Consortium Certification

Editor's Note: This story was first published at RFIDJournal.com NXP Semiconductors has become the first technology company to earn Car Connectivity Consortium (CCC) certification for a near-field communication (NFC) chip intended for digital car keys. The company’s...

Reynolds Report Touts Benefits of its Retail Management System

Reynolds Report Touts Benefits of its Retail Management System

The Reynolds and Reynolds Company recently released a report studying showing the benefits of its Retail Management System on a dealership’s profitability after switching from a competing DMS provider. The report, titled Switching to Reynolds: Creating Sustainable...

Understanding Inventory Risk Management in the Data Age

Understanding Inventory Risk Management in the Data Age

Auto dealerships face a perpetual challenge: balancing inventory to meet customer demand without overstocking, which can lead to carryover inventory. Carryover inventory—vehicles that remain unsold for extended periods—ties up capital, incurs holding costs, and often...

Cox’s Study Reveals Most Dealers Still Experience Data Challenges 

Cox’s Study Reveals Most Dealers Still Experience Data Challenges 

Auto dealers are swimming in data. But for many, it’s a wave they can not catch. At least that is the takeaway from Cox Automotive’s 2024 Power of Data study as dealers reported they are struggle to extract actionable insights from the data they know can be a powerful...

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