KBB: New-Vehicle Average Transaction Prices Drop to Two Year Low

It continues to be a buyer’s market for new car customers. An analysis by Kelley Blue Book (KBB) found new-vehicle transaction prices (ATP) in March 2024 were $47,218, down 1% a year ago 5.4% from the market peak in December 2022. S KBB officials
Apr 17, 2024

Lotlinx: Dealers Not Using Analytics to Make Inventory Management, Price-Setting Decisions 

Auto dealers are going by their gut rather then using artificial intelligence (AI) tools to make key decisions for their business. At least that is the finding Lotlinx‘s online survey of more than 2,500 automotive dealer professionals during Ma
Apr 16, 2024

Ben Freedman Joins FlickFusion Video Marketing as National Sales Director

 Urbandale, IA – FlickFusion Video Marketing, the leader in retail automotive video marketing, merchandising, and communications, has hired Ben Freedman as National Sales Director. In this newly established role, Freedman will oversee sales an
Apr 16, 2024

Where Dealers And Lenders See Opportunities In Adopting More Automation For Their Operations

Auto dealers and lenders recognize the need and importance advanced data technology has on their overall operations, as well as in the accuracy of managing transactions and portfolios. Since the pandemic, the integration of artificial intelligence (A
Apr 16, 2024

More than 9 Million Vehicles Recalls Issued According to BizzyCar Report

An inaugural quarterly report detailed recalls dealerships are having to deal with to begin 2024. BizzyCar, a software platform that automates recalls for auto dealerships, published their first quarterly recall report that found more than nine milli
Apr 15, 2024

Using Customer Testimonial Videos as Social Proof

Customer testimonial videos are a form of social proof, a powerful phenomenon where consumers look to others for opinions and advice. In recent years, social proof has become increasingly influential in shaping purchase decisions. For example, there
Apr 15, 2024

Gen Z & the Automotive Industry: Marketing Insights

For successful marketing, it’s essential to pinpoint the exact demographic you’re targeting and grasp what resonates with them. With this in mind, it’s particularly important to consider Generation Z, those born between 1997 and 201
Apr 12, 2024

Orbee Integrates Car Wars Voice Data to Enrich Shopper Profiles

IRVINE, CA – Orbee, a leader in customer experience middleware for the automotive industry, has integrated with Car Wars, a phone system and call analytics provider. This integration enriches shopper profiles with advanced voice data and facili
Apr 11, 2024

NFC Clip Digitizes a Vehicle’s Glove Box

This article first was published on RFIDJoiurnal.com Technology company RealTime Feedback has released an NFC-based system that aims to provide digital access to the kind of information drivers have traditionally stashed in their glove box. The solut
Apr 11, 2024