Over 11,000 lessees have completed self-inspections in just 10 minutes with a smartphone; new program drives lease-end efficiency, cost savings, and greater accuracy in damage assessment…
ContinueAdded by Crystal Hartwell on May 12, 2025 at 9:23am — No Comments
70% of OEMs worry about the financial impact of Chinese automakers, who now control over 40% of global vehicle production
80% of OEMs say the EV transition is slower than planned, citing infrastructure gaps, high prices, and weak demand, but most expect EV market share to rise in…
ContinueAdded by Crystal Hartwell on May 12, 2025 at 1:50am — No Comments
As inflation continues to impact every corner of the retail automotive industry, many manufacturers continue to offer dealers CPI-based programs to automatically increase their warranty labor reimbursement rates each year.
At first glance, these CPI (Consumer Price Index) programs seem like an enticing offer. After all, the programs offer annual increases tied to inflation and relieve the burden of having to submit a warranty labor rate increase each year. However, most of the time,…
ContinueAdded by Linda Snyder on May 7, 2025 at 3:24pm — No Comments
Transaction highlights the strategic value of high-volume retail stores in Arizona’s fastest growing market; marks Kerrigan Advisors’ 290th and 291st dealerships sold.
Prescott, AZ – May 7, 2025 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto…
ContinueAdded by Crystal Hartwell on May 7, 2025 at 2:04am — No Comments
Sale of Vermont’s #1 ranked Subaru and Hyundai dealerships marks Kerrigan Advisors’ 288th and 289th dealerships sold since inception, and 153rd and 154th franchise sold since 2023
BURLINGTON, VT – May 6, 2025 – Kerrigan…
ContinueAdded by Crystal Hartwell on May 6, 2025 at 3:01am — No Comments
LLMs, Agentic AI, and Vertical AI: How Machines Are Improving Dealer Retail Operations
As dealers face rising complexity in inventory management, pricing, and profitability, especially with the 25% tariff on imported vehicles, machine-driven technologies are stepping in as vital tools—not just to handle data, but to make better, faster business decisions.
From fluctuating vehicle values and evolving consumer trends to aging inventory and regional market…
ContinueAdded by John Sternal on May 5, 2025 at 1:07pm — No Comments
HUNT VALLEY, MD, May 6, 2025 – Armatus Dealer Uplift, the industry leader in Retail Warranty Reimbursement submissions, today announced that the South Dakota Automobile Dealers Association (SDADA) has endorsed Armatus as their exclusive partner for Retail Warranty Reimbursement services for their membership. This is the 25th endorsement Armatus has received from State Dealer Associations.
“The right innovative solutions can deliver such positive results to people and businesses,…
Added by Linda Snyder on May 5, 2025 at 10:00am — No Comments
I have often thought that after over 50 years in the car business I should have kept a diary and turned it into a book. The problem is, I would have to label it fiction as no one would believe what occurred in the early “ rough and tumble years” in the car business. Through it all , way back in the '70s, I formulated how I might operate a dealership if I had the chance. It turned out to be a great learning experience. A few anecdotes along the way:…
Added by Richard Nimphie on May 4, 2025 at 1:39pm — No Comments
The chassis suspension system is a cornerstone of modern vehicle design, directly influencing ride quality, safety, and overall performance. As one of the most vital components in any automobile, it plays an essential role in managing the relationship between the vehicle's frame…
ContinueAdded by Tyler Newport on April 30, 2025 at 3:55am — No Comments
In recent weeks, the Trump administration has significantly reduced funding for federal financial regulators. The Consumer Financial Protection Bureau (CFPB) is struggling to operate, with its staff unable to access their headquarters, supervisory exams suspended, and enforcement cases being abandoned. The Federal Deposit Insurance Corporation (FDIC) fired 700 employees on the last day of February[1]. Even the Office of the Controller of the…
ContinueAdded by John Sternal on April 29, 2025 at 11:42am — No Comments
Today’s current economic climate has forced auto dealers to buckle in for a wild, unpredictable ride with their car shoppers. Auto dealers face new, unprecedented challenges that demand a strategic approach to wealth-building and F&I portfolio management. The Presidential tariffs are expected to cause manufacturers to raise vehicle & parts prices, which will inevitably put more affordability pressure on car shoppers and consumers.
A new analysis by the Center for…
ContinueAdded by John Sternal on April 29, 2025 at 11:41am — No Comments
Transferring goods from point to point with speed and security is more vital than ever before. Businesses, big and small,l are dependent on sound logistics to ensure the timely delivery of their products. This is where logistics and transportation software development come into play. It assists organizations in enhancing how they handle shipping, delivery, and supply chains.…
ContinueAdded by O editor on April 28, 2025 at 2:30pm — No Comments
Employee annual turnover in the car business is staggering and remains close to 50%
According to NADA's 2021 Dealer Workforce Study dealerships average 46% turnover annually and have a median tenure for employees of just over three years (That is about double the national…
Added by Richard Nimphie on April 24, 2025 at 12:08pm — No Comments
Recognized as one of the top 50 Honda dealerships based on 2024 sales, climbing to #22 nationally from #24 in 2023
RENTON, WA – April 23, 2025 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that Car Pros Honda El Monte was honored with the…
ContinueAdded by Crystal Hartwell on April 23, 2025 at 10:03am — No Comments
Data shows price pressures and aging carryover inventory increases, while Lotlinx customers maintain a competitive edge through strategic inventory management
DETROIT (April 16, 2025) — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today its Q1 2025 Quarterly Vincensus Report, the most comprehensive…
ContinueAdded by John Sternal on April 16, 2025 at 1:56pm — No Comments
CULA credit union partner members’ monthly vehicle lease payments averaged $159 less vs traditional auto loan payments; CULA grew credit union dealer partners year over year and expanded to 27 states, as vehicle leasing grew to nearly 25% of all auto financing nationally
San Diego, CA – April 10, 2025 – Credit Union Leasing of America (CULA) delivered strong growth in 2024, with double-digit increases in credit union and dealer partnerships as an…
ContinueAdded by Crystal Hartwell on April 10, 2025 at 11:07am — No Comments
While this age of new technology introduces successful tools for the retail automotive business, there are no magic bullets that will, by themselves, improve ALL aspects of your dealership. The best dealerships still get better at executing the basics of the business.
These basics remain the same:
✔️ Establishing a culture that embraces accountability
✔️ Recruiting and hiring employees that share your…
Added by Richard Nimphie on April 2, 2025 at 10:49am — No Comments
Jackson, Wyo. – (April 1, 2025) – EVAI, a pioneering company specializing in advanced data analytics and AI-driven solutions for fleet management, today announced results of its latest industry survey revealing significant insights into the use of total cost of ownership (TCO) metrics and the current state of electric vehicle (EV) adoption among vehicle fleet managers. The online survey, presented to more…
ContinueAdded by John Sternal on April 1, 2025 at 1:04pm — No Comments
Let’s start with the basics: resilience is your ability to bounce back when life or work knocks you down. It’s like being a rubber band—you stretch, you bend, but you don’t break.
Everyone faces tough times. Maybe it’s missing out on a sale, dealing with an unhappy…
Added by Richard Nimphie on March 28, 2025 at 11:49am — No Comments
Interactive EQ, an interactive talent assessment platform that combines AI and interactive videos to measure emotional quotient (EQ), launched its Auto IEQ product for dealers/retailers, service providers, and OEMs.
LOS ANGELES, Mar. 25, 2025 -- Interactive EQ launches Auto IEQ - AI-based Talent Assessment Platform Custom-Built for Auto Industry Needs.
Former Tekion leader solves for measuring intangible skills by…
ContinueAdded by John Sternal on March 25, 2025 at 2:04pm — No Comments
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