FOR IMMEDIATE RELEASE
INTRODUCING DEALNOW: THE FIRST SAFE AND INSTANT PERSON-TO-PERSON ONLINE VEHICLE TRANSACTION PLATFORM
Delivers Safe, Fast, and Fraud-Free Vehicle Transactions—Offering Instant…
ContinueAdded by John Sternal on October 3, 2024 at 9:54am — No Comments
As data breaches and cyber threats are more prevalent than ever in the automotive industry, the importance of data privacy and the sense of urgency of implementing solutions cannot be overstated. Industries like finance and healthcare have long understood the critical need to safeguard sensitive information, and they have established strict guidelines, laws, and mandates to protect consumer data.
The automotive industry, however, is only beginning to catch up. Despite the…
ContinueAdded by John Sternal on September 19, 2024 at 12:32pm — No Comments
Automotive group collects thousands of school supplies and hundreds of backpacks at its dealerships in Western Washington and Southern California to distribute in the communities they serve
RENTON, WA – September 18, 2024 – “Car Pros Cares,” the charitable arm of the Car…
ContinueAdded by Crystal Hartwell on September 18, 2024 at 10:50am — No Comments
Many Dealers Still Leveraging Markdowns Even Though Majority Don’t See Traffic Increasing To VDPs
DETROIT (September 17, 2024) — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today results of its latest industry survey, which took the pulse of today’s auto retailers in understanding how they are managing inventory carryover strategies, and…
ContinueAdded by John Sternal on September 17, 2024 at 1:30pm — No Comments
As summer comes to an end, it’s important for dealerships to reflect on the season’s performance to refine their strategies for the rest of the year. The summer of 2024 presented many challenges, shaped by economic factors and shifts in consumer behaviors. Understanding these factors is important for optimizing inventory management and enhancing sales practices as we head into fall.
Economic Blockers and Market…
ContinueAdded by John Sternal on September 10, 2024 at 9:59am — No Comments
204 transactions, representing a record 381 franchises, were completed in the first half of 2024, according to the Second Quarter 2024 Blue Sky Report® by Kerrigan Advisors; activity was largely driven by an increase in sellers seeking to capture strong blue sky values and well-capitalized buyers
Incline Village, NV – September 9, 2024 – The auto dealership buy/sell market experienced an all-time record in the first half of 2024,…
ContinueAdded by Crystal Hartwell on September 9, 2024 at 10:30am — No Comments
Teamwork and CSI are like a relay race. It's not as important who starts or who finishes. What’s important is that the baton does not get dropped!
Are you constantly training & most importantly recognizing all who touch the baton? Salespeople? Service advisors? Techs? Car washers? Receptionists?
Added by Richard Nimphie on September 4, 2024 at 3:25pm — No Comments
Building an intentional culture in your dealership takes sound leadership, collaboration, execution, and reinforcement.
However, it comes down to one simple formula...............
Intentional culture formula:…
ContinueAdded by Richard Nimphie on August 28, 2024 at 4:02pm — No Comments
Sale of #2 volume Buick GMC dealership in strong auto retail market reinforces continued demand for dealerships in the South; transaction marks Kerrigan Advisors’ 277th dealership sale, 85th since 2020 in the Southern region
MEMPHIS, TN – August 28, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Memphis, Tennessee-based…
ContinueAdded by Crystal Hartwell on August 28, 2024 at 9:30am — No Comments
HUNT VALLEY, MD, July 25, 2024 – Armatus Dealer Uplift, the industry leader in Retail Warranty Reimbursement submissions, today announced that the Oklahoma Automobile Dealers Association (OADA) has endorsed Armatus as their exclusive partner for Retail Warranty Reimbursement services for their membership. This is the 24th endorsement Armatus has received from State Dealer Associations.
“It is my goal to bring exciting new services to our membership that will benefit them year after…
ContinueAdded by Linda Snyder on August 14, 2024 at 10:46am — No Comments
In the wake of recent cyber-attack threats and ransomware events, data privacy concerns have never been more top-of-mind for automotive dealerships and the entire industry. As auto dealers increasingly rely on digital platforms for customer transactions, especially coming out of the pandemic (COVID?), the need for robust data privacy strategies has become paramount.
However, many auto dealers continue to operate on legacy philosophies, and with an “I’ll deal with it if I have…
ContinueAdded by John Sternal on August 13, 2024 at 3:02pm — No Comments
Elmer Wheeler coined the term in the 1930’s. Basically, he told customers the benefits they will get from a product or feature rather than what it did. He painted a picture convincing the customers how they would feel after using the product as well as what impact it would have on them. “It’s the sizzle that sells the steak and not the cow.”
Simple steps to sell the…
Added by Richard Nimphie on August 13, 2024 at 11:30am — No Comments
Sale of leading domestic brand in high-growth market highlights ongoing buyer demand in the Southern region; transaction represents the 276th dealership sold by Kerrigan Advisors since inception and 70th franchise sold year-to-date
ATLANTA, GEORGIA– August 13, 2024 –…
ContinueAdded by Crystal Hartwell on August 13, 2024 at 10:29am — No Comments
Gempton brings nearly two decades of automotive experience, including 13 years at AutoNation leading acquisitions and divestitures for the company; will expand Kerrigan Advisors’ footprint with the opening of a new office in Miami, Florida
Miami, FL August…
ContinueAdded by Crystal Hartwell on August 12, 2024 at 10:47am — No Comments
Four Car Pros dealerships certified based on achievement of high scores from automotive manufacturer customer research and completion of an in-dealership best practices verification visit
RENTON, WA – August 6, 2024 – Demonstrating commitment to exceeding customer…
ContinueAdded by Crystal Hartwell on August 6, 2024 at 10:21am — No Comments
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 requires discounting and markdowns to clear off the lot. This scenario impacts profitability and creates a cycle of reduced margins in today’s highly competitive…
ContinueAdded by John Sternal on July 29, 2024 at 12:04pm — No Comments
2024 Kerrigan OEM Survey finds OEMs expect sales to increase and earnings to normalize at higher levels over the next 12 months, despite high interest rates and affordability challenges; majority of OEMs developing ICE production contingency plans as electric vehicle (“EV”) demand softens and EV sales expectations wane…
ContinueAdded by Crystal Hartwell on July 29, 2024 at 11:49am — No Comments
Atlanta, GA, July 23, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) announces a partnership with Botdoc to integrate Trust Stamp’s low-code Orchestration Platform within the Botdoc Connect product, providing robust Identity Verification and KYC. The integration includes document validation using the …
ContinueAdded by John Sternal on July 24, 2024 at 2:10pm — No Comments
HUNT VALLEY, MD, July 18, 2024 – Armatus Dealer Uplift, the industry leader in Retail Warranty Reimbursement submissions, today announced that the New Hampshire Automobile Dealers Association (NHADA) has named Armatus as the exclusive warranty uplift service provider for its membership.
"We believe in helping our dealer members succeed and they will benefit greatly from Armatus’ products, people, and services” stated Dan Bennett, President of the New Hampshire Automobile Dealers…
ContinueAdded by Linda Snyder on July 22, 2024 at 5:04pm — No Comments
The practice of markdowns has long been a…
ContinueAdded by John Sternal on July 22, 2024 at 11:19am — No Comments
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