Trending Auto Retail News
S&P: Average Age of Cars in the U.S. Continues to Rise
It is not just you—Americans are indeed holding on longer to their cars. A recent report from S&P Global Mobility found the average age of cars and light trucks in the United States has risen to record 12.6 years in 2024, up by two months over 2023. While this...
Dealer Magazine: The Critical Conversations No Auto Business Family Can Ignore
Difficult conversations are a staple in any business. But in a family-run auto dealership, their frequency and intensity can be higher due to overlapping personal and professional lives. Avoiding these conversations often leads to brewing misunderstandings,...
May New Car Sales Projected to Rise Nearly 3% from Last May: J.D. Power
Total new-vehicle sales for May 2024, including retail and non-retail transactions, are projected to reach 1,446,800 units, a 2.9 percent increase from May 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData. Comparing...
Dealer Magazine: Interview with Rita Case of Rick Case Automotive Group
Dealer Magazine had the privilege of talking with Rita Case, who was named the 2024 TIME Dealer of the Year at the 2024 National Automotive Dealers Association (NADA) Show in Las Vegas in February. Case is president and chief executive officer of Rick Case Automotive...
Hexagon Purus to Supply Toyota Heavy-Duty Fuel Cell Electric Powertrain Kits
Las Vegas, Tuesday 22 May— Hexagon Purus is pleased to announce it will be supplying components to Toyota North America (TMNA) for serial production of its heavy-duty fuel cell electric powertrain kits. Hexagon Purus will be providing a full hydrogen storage system...
SafePoint Introduces Enhanced Features to Monitor Inventory, Recapture Lost Service Revenue, and Super Charge Retention
Metairie, LA – SafePoint Dealer Services, the leading lot management and telematics (GPS) monitoring solution for dealers, announced on May 20, 2024, the launch of several new features designed to give dealerships control over communication with their customers while...
ZT Automotive, Paradise Motors, Fiskers, Mall Chevrolet: Dealership Sales Roundup
ZT Automotive Enters Alabama Market ZT Automotive has expanded to 13 dealerships and officially entered the Alabama market after completing a deal with Florida-based Greenway Automotive group. The acquisition includes brands such as Toyota, Honda, Nissan, and Chrysler...
Ford Tells Dealers They Can Delay EV Investments
Ford has told dealers they can pause capital investments related to selling electric vehicles (EV) until the company completes a review of its requirements. The automaker had set a June 30 deadline for dealers to invest in Level 2 EV charging stations to qualify for...
Inventory Continues to Increase at Auto Dealerships
As dealerships get ready for a big Memorial Day Weekend, they have plenty of cars on the lot to sell. According to Cox Automotive, brands with 100+ average days’ supply pulled the average days’ supply up two days at the start of May to 76 days An analysis of vAuto...
Physical Audits Support Compliance Software in Thwarting CARS Rule Violations and Other Auto Dealership Cyber Crimes
CRYSTAL LAKE, IL, May 22, 2024 -- As cyber crimes against auto dealerships escalate, dealers must recognize the importance of conducting frequent physical security audits to supplement any software-driven compliance tool they may be using. This advice comes from Terry...
Urban Science: Auto Dealers Relevance Increases for Buyers
Urban Science recently released their annual 2024 Urban Science Dealership Transformation Index (DTI) shows improvement from the year before, especially with Gen Z consumers. The 2024 Urban Science DTI score overall stands at 56, up a percentage point from the year...
EpiCar Announces First Auction Event for Dealers on June 17
EpiCar, a new unique platform, has recently announced its first auction event scheduled for June 17. This platform facilitates direct connections between dealers and private car sellers, providing a streamlined, efficient inventory sourcing solution. EpiCar's...
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