Beyond the Bereavement: How Dealerships Can Unlock Life Insurance’s ‘Living Benefits’ for Employee Well-being
In today’s workplace, supporting employee well-being requires more than reactive benefits and one-size-fits-all coverage. With financial stress on the rise and employees increasingly worried about healthcare affordability and long-term security, dealership employers must adopt a more proactive, comprehensive approach to benefits communication. A key opportunity lies in one of the most misunderstood benefits to help employees: life…
ContinueAdded by John Sternal on July 16, 2025 at 10:31am — No Comments
Lotlinx Wins “LLM Innovation Award” in 2025 Artificial Intelligence Breakthrough Awards Program
Added by John Sternal on July 9, 2025 at 2:17pm — No Comments
Affordability is Top Driver for Consumers Leasing Vehicles, according to New CULA Survey
Nearly 70% of consumers surveyed would lease again for lower payments, shorter terms and flexibility in uncertain economy, and nearly 90% found leasing a good option versus a loan
San Diego, CA – July 8, 2025 – Affordability is the top reason consumers are leasing vehicles, according to a new Credit…
ContinueAdded by Crystal Hartwell on July 8, 2025 at 12:15am — No Comments
Kerrigan Advisors Represents US Auto Trust in Sale of Jaguar Land Rover Dealerships in Newport Beach, Los Angeles, Pasadena and San Jose to Sonic Automotive
Transaction represents the most valuable Jaguar Land Rover sale in automotive retail history; sale of four dealerships marks Kerrigan Advisors’ 76th top luxury franchise sold
Los Angeles, CA – July 7, 2025 – Kerrigan Advisors, the leading sell-side advisor and thought partner to auto…
ContinueAdded by Crystal Hartwell on July 7, 2025 at 9:06am — No Comments
Preferred Vendor… or Preferred Tee Time?
After 35 years in the car business, working with OEMs and their ever-rotating carousel of “preferred vendors,” I’ll admit that the very first thing that pops into my head when I hear about a newly announced partnership isn’t excitement. It’s a question: “So, who sits on whose board, or who shares a tee time at Torrey Pines?”
I’m not trying to be cynical (well, maybe just a lil), but after decades of watching solutions come and go, I’ve learned to be skeptical when…
Added by Mike theCarGuy Correra on July 6, 2025 at 4:26pm — No Comments
Déjà Vu: From Google Gurus to AI Experts – Same Pitch, New Buzzword...
I remember about ten years ago, marketing vendors kept hitting me with the same line: “We stole the best minds from Google!” Supposedly, these folks knew Google’s algorithms inside and out. I even joked with one guy, “If everyone’s hired the Google team, how’s Google still in business?”
Fast forward to today, and here we go again except now it's artificial intelligence instead of search engines. Suddenly, every vendor is boasting they’ve got ex-OpenAI,…
Added by Mike theCarGuy Correra on July 6, 2025 at 4:26pm — No Comments
Kerrigan Advisors Represents Asbury Automotive Group in Sale of Larry H. Miller Ford, Chevrolet and CDJR Dealerships in Provo, Utah to Salt Lake Valley Auto Group
Sale of three dealerships in Utah, the second fastest growing state in the US and a top auto retail market, marks Kerrigan Advisors’ 294th dealership sold nationwide
Salt Lake City, UT – June 30, 2025 – Kerrigan Advisors, the premier sell-side advisor and thought partner to…
ContinueAdded by Crystal Hartwell on June 30, 2025 at 2:37am — No Comments
Lotlinx Announces Industry Honors For Two Senior Female Executives
Added by John Sternal on June 25, 2025 at 2:52pm — No Comments
Generative AI and the Dealership: How GPT Tools Are Changing Expectations from the Lot to the Bay
The automotive dealership model is facing yet another modernization opportunity—this time driven by artificial intelligence, specifically generative AI and GPT-style technologies. These tools, which allow users to query complex data systems using natural language and automate time consuming repetitive tasks, are increasingly being explored across commercial vehicle operations for their potential to increase efficiency, simplify analysis, and improve…
ContinueAdded by John Sternal on June 19, 2025 at 2:39pm — No Comments
How AI Is Reshaping Dealer Strategies Amid Affordability Challenges
As economic uncertainty continues to weigh on consumers, vehicle affordability continues today as a driving issue in the auto retail sector. High interest rates, lingering inflation, and constrained supply chains have converged to create a complex marketplace—one where both consumers and dealers are navigating a delicate balancing act between price sensitivity and profit margins.
In response, dealers are looking to leverage AI and machine learning as a strategic tool to maintain…
ContinueAdded by John Sternal on June 11, 2025 at 11:00am — No Comments
Is Your Dealership Maximizing Limited Warranties As Part Of A Wealth-Building Strategy?
Today’s auto dealerships are constantly seeking innovative ways to differentiate themselves and enhance their profitability. One such opportunity lies in the strategic use of limited warranties, not just as a vehicle sales tool, but as a cornerstone of a sophisticated wealth-building program.
While the utilization of limited warranties has become commoditized, integrating these warranties into a comprehensive reinsurance or DOWC strategy can provide significant financial…
ContinueAdded by John Sternal on June 4, 2025 at 9:33am — No Comments
How Advanced TCO Data For EV Transitions Can Grow Local Dealership Business
The automotive dealership model is constantly facing change, especially in the types of vehicles retailers can service. In particular, as the commercial vehicle market shifts toward opportunities for electrification within their vehicle fleets, local dealerships are being called upon to do more than sell vehicles. They must become strategic partners in their customers’ sustainability journeys – for both passenger vehicles and that of fleet customers. This reimagination of business…
ContinueAdded by John Sternal on June 3, 2025 at 1:10pm — No Comments
Smarter Verification, Safer Transactions: A Path Forward for Auto Fraud Prevention
With today’s “always connected” digital economy, identity is currency. For the automotive industry—spanning rentals, dealerships, insurance providers, and financing institutions—that currency is increasingly being challenged. The numbers are staggering with U.S. auto lenders facing an estimated $9.2 billion in fraud loss exposure. ¹ This surge in identity-based fraud is not only draining revenue but also undermining trust and operational integrity across the industry.
At the heart of…
ContinueAdded by John Sternal on June 3, 2025 at 1:07pm — No Comments
Beyond Sales: How Machines Can Optimize Dealership Strategy
The automotive retail industry is experiencing a fundamental modernization. While much of the conversation has centered around electrification and digital retailing, another powerful force is quietly changing the way dealerships operate—intelligent machines. Often associated solely with sales or advertising automation, machines are increasingly being used to optimize back-end dealership strategies in areas like inventory allocation, pricing, merchandising, and aged inventory…
ContinueAdded by John Sternal on June 3, 2025 at 12:54pm — No Comments
Trump Tariffs Introduce Headwinds, but Auto Dealership Buy/Sell Market and Earnings Stay Strong in 2025
Buy/sell activity declined 15% in Q1 2025, but rising dealer earnings and tight inventory fuel confidence, with buy sell market on pace for nearly 400 transactions in 2025
Kerrigan Advisors pauses blue sky multiple and outlook adjustments as tariff uncertainty clouds…
ContinueAdded by Crystal Hartwell on May 19, 2025 at 3:08am — No Comments
From Margins to Mobility: Why Auto Dealers Must Rethink Fleet Service for the Connected and Electric Age
From Margins to Mobility: Why Auto Dealers Must Rethink Fleet Service for the Connected and Electric Age
U.S. auto retailers have had a longstanding relationship with local commercial and business fleet customers, especially in the servicing of vehicles in the fleet. Rapidly changing updates to connected vehicle data is offering an opportunity for retailers to further grow this business, but their technology proficiency to properly leverage this data poses…
ContinueAdded by John Sternal on May 16, 2025 at 2:00pm — No Comments
The REAL ID Deadline: Challenges Auto Dealers May Still Face Verifying Identities
The May 7, 2025, enforcement of the REAL ID Act marks a new moment for identity verification in the U.S.-and auto dealerships are squarely in the crosshairs. As the federal government now requires all Americans over 18 to present a REAL ID-compliant driver’s license or ID for domestic air travel and access to certain federal facilities, the auto industry must also deal with the ripple effects on its own processes for verifying customer…
ContinueAdded by John Sternal on May 15, 2025 at 11:22am — No Comments
Key Takeaways from the Q1 2025 Automotive Market Report
The first quarter of 2025 opened with a mix of optimism and uncertainty for the automotive industry. While March delivered a sharp 19% rebound in new vehicle sales—largely driven by consumers rushing to purchase ahead of tariff price adjustments—the earlier months of the quarter were marked by a slight decline. Used vehicle sales, on the other hand, showed steady resilience, increasing 10% quarter-over-quarter.
Beneath these headline figures, however, the market revealed deeper…
ContinueAdded by John Sternal on May 14, 2025 at 12:01pm — No Comments
CULA's AI-driven Self Inspection Cuts Lease-End Turnaround Times by 50%
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
Chinese Competition and EV Delays Automakers Top Concerns in 2025 Kerrigan OEM Survey
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
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