Trending Auto Retail News
How to Use Video to Merchandise CPO Vehicles
The average price for a new vehicle in March 2024 was $47,218 according to Kelley Blue Book. Combined with high interest rates, that price range is out of reach for many car shoppers, who are instead opting to purchase pre-owned and certified pre-owned (CPO) vehicles....
2024 Digital Dealer Awards: Best Dealer
As part of our continuing efforts to celebrate the auto industry and those involved, Digital Dealer is proud to announce the Digital Dealer awards program for 2024. Among the six categories is Best Dealer. The award contest is open to submissions from businesses or...
Morgan Auto Group, Firelands Auto Group, Fisker and Craig Zinn Automotive Group: Dealership Sales Roundup
Morgan Auto Group Purchases Hollywood Kia in Florida Hollywood Kia has been sold to Morgan Auto Group, according to Haig Partners LLC who served as the exclusive sell-side advisor on the sale. Hollywood Kia is located in Hollywood, FL and was owned by Joe Levy and...
How Are Stagnant Auto Sales Impacting Organizational Digital Transformation Strategies?
As we near the mid-way point of the 2024 year, there are many fascinating characteristics of today’s auto industry. Some of these are defined by the broader macro economy, and yet others are a result of organizational evolutions continuing to take place from ongoing...
automotiveMastermind Introduces Showroom to Enhance Hyper-Personalized Consumer Experiences for Dealers
NEW YORK (June 11, 2024) – automotiveMastermind, the automotive industry’s trusted data and technology provider, has introduced Showroom to its Mastermind technology. Showroom is designed to transform each customer touchpoint into a discovery opportunity for dealers...
Politics Increasing Concern for Dealers in Cox Sentiment Index
The Cox Automotive Dealer Sentiment Index (CADSI) remained stable in the second quarter despite dealer uncertainty in politics, market and economy. The Q2 score of 42 released June 10 indicates most U.S. auto dealers see the market as weak, three points lower than a...
Transforming Consumer Perception: Educating for Electric Vehicle Adoption
As Tesla goes, so goes the U.S. electric vehicle (EV) market. Elon Musk’s ownership of his reputational scores aside, he cited the main reasons for Tesla’s first-quarter sales decline since COVID-19 impacted Q2 2020 as high-interest rates and production issues...
Urban Science Launches EV Sales Forecasting, Advanced EV Sales Insights, for Automakers with U.S. Retail Operations via MarketView Solution
DETROIT – Urban Science, a leading global automotive consultancy and technology firm, today announced the launch of its science-driven electric vehicle (EV) sales forecasting analysis for automakers with U.S. retail operations through its MarketView solution – a...
New Hampshire: Kia Alleges Fraud by Dan O’Brien Auto Group
Kia America is taking a New England dealership group to court, alleging it falsified records that resulted in the owners pocketing in ill-gotten sales incentives of over six figures. Dan O’Brien Auto Group and its top management are alleged to have submitted hundreds...
How AI is – and is Not – Changing the Way Dealerships Sell Cars
High interest rates and stubborn inflation are not stopping U.S. consumers from doing one of the things they love the most: buying cars. Automotive dealers should be cheering the uptick in sales because more sales should mean a healthier bottom line. But in recent...
Lectrium Launches New Suite of Digital Tools to Help Automotive Dealerships Sell Electric Vehicles
Lectrium, a technology and software company designing tools to help dealerships adapt to selling electric vehicles (EVs), today announced the launch of their new digital marketing tools. The new tools will enable automotive dealerships to utilize enhanced data that...
Experian: Captives Account for Largest New Vehicle Market Share Since 2010
With consumers increasingly returning to dealerships looking to ride away in a new vehicle, financing is reaching levels it has not touched in almost 15 years According to Experian’s State of the Automotive Finance Market Report: Q1 2024, banks and leasing companies...
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