Kerrigan Advisors Represents Lou Sobh Automotive Group in Sale of Kia of Cerritos Dealership to Trophy Automotive Dealer Group
Sale of the second highest volume Kia dealership in the largest car market in the US marks Kerrigan Advisors’ 20th Kia rooftop sold and 287th dealership sold since inception
CERRITOS, CA – March 19, 2025 – Kerrigan Advisors, the premier sell-side advisor and thought…
ContinueAdded by Crystal Hartwell on March 19, 2025 at 6:39pm — No Comments
Modernizing Inventory Management: How Machines Can Outperform Human Dealers
As the automotive dealership industry has long relied on human intuition and historical sales data to guide inventory management decisions, dealers continue to face a constant balancing act: having the right mix of vehicles to meet customer demand without overstocking models that might sit unsold for months.
Traditionally, dealers have relied on experience, gut instincts, and past sales performance to determine which vehicles to order, how to price them, and when to move them…
ContinueAdded by John Sternal on March 18, 2025 at 12:58pm — No Comments
Dealership Buy/Sell Market Hits Record High in 2024 as US Auto Dealer Confidence Rose
Buy/sell transactions surged 10% YoY in 2024, with 697 franchises sold—highest since 2021; buyer confidence in valuations grew as earnings normalized; Blue Sky multiples strongest among most trusted franchises
Incline Village, NV – March 17, 2025 – The auto dealership buy/sell market delivered another record year of buy/sell activity with 438 completed dealership transactions, up 10% compared to 2023,…
ContinueAdded by Crystal Hartwell on March 17, 2025 at 9:04am — No Comments
How effective are you at interiewing?
✔️ Cultural effectiveness starts with the hiring process.
✔️ Typically, in most dealerships, hiring is conducted based on immediate need, whereas recruiting should always be an ongoing process.
✔️ When hiring is done out of desperation, people are hired who would not necessarily be considered during…
Added by Richard Nimphie on March 11, 2025 at 3:30pm — No Comments
What’s Still Needed To Truly Maximize Digital Deal Jackets
Today's leading auto retailers widely recognize the significance of digital deal jackets in their operations. These comprehensive electronic records have transformed legacy dealership processes, covering all aspects of vehicle sales. However, just utilizing a digital deal jacket isn’t enough, especially since only 20% of dealers said they utilize a digital copy of a person’s driver’s license – even with a digital deal jacket.
The Federal Trade Commission's Safeguards Rule has…
ContinueAdded by John Sternal on March 10, 2025 at 1:59pm — No Comments
Why Fraud Is No Longer Preventing Dealers & Lenders Access To Private Seller Inventory
The auto industry has long been plagued by the persistent issue of fraud, especially with used vehicle transactions. For years, auto dealers and their lender partners have been hesitant to acquire used inventory directly from private sellers in the private marketplace. This reluctance stemmed from the lack of access to robust identity verification and fraud prevention tools, which left dealers and lenders vulnerable and exposed to fraudulent transactions.
Private…
ContinueAdded by John Sternal on March 10, 2025 at 11:01am — No Comments
FORUM Credit Union Selects CULA Vehicle Leasing Program
Credit Union Leasing of America expands national footprint, extends reach in Indiana, bringing the benefits of leasing to more credit union members
San Diego, CA – March 10, 2025 – Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 35…
ContinueAdded by Crystal Hartwell on March 10, 2025 at 10:55am — No Comments
Lotlinx’s Lance Schafer to Speak at Auto Intel Summit on AI-Powered Dealerships
DETROIT (March 4, 2025) – Artificial intelligence is no longer an emerging technology in automotive retail—it’s a necessity. As dealerships face increasing pressure to optimize inventory, reduce risk, and drive profitability, AI and machine learning are providing new ways to automate…
ContinueAdded by John Sternal on March 4, 2025 at 12:54pm — No Comments
I am excited to announce the launch of DealerCulture.com. This website is designed to share the experiences, insights and strategies that have shaped my career and guide dealership managers to enhance their leadership skills, cultivate strong team dynamics, and build lasting success.
Added by Richard Nimphie on March 2, 2025 at 2:50pm — No Comments
The Leading Role Digital Platforms Will Play In Helping Dealers Source Quality Used EVs
The electric vehicle (EV) market continues to show continued growth, driven by consumer demand for environmentally friendly transportation options and supported by government incentives. As of the fourth quarter of 2024, used EV sales have surged by 62.6% compared to the previous year, making them a highly sought-after commodity for auto dealers looking to bolster their inventory1.
EV share of the total light-vehicle market reached 9.9% in December 2024, a…
ContinueAdded by John Sternal on February 26, 2025 at 12:21pm — No Comments
Understanding How The U.S. Treasury Views The Use of AI in Auto Retail & Finance
On December 19, 2024, the U.S. Department of the Treasury published a comprehensive report examining the applications, benefits, and challenges of Artificial Intelligence (AI) in the financial services sector. This report expands on the Treasury's previous research, including its March 2024 analysis of AI-related cybersecurity risks, and incorporates insights from over 100 stakeholders who responded to the June 2024 Request for Information (RFI). By delving into emerging trends, challenges,…
ContinueAdded by John Sternal on February 25, 2025 at 3:35pm — No Comments
Kerrigan Advisors Represents Ascent Automotive Group in Sale of Toyota of Greensburg to Jim Shorkey Auto Group
Transaction marks Kerrigan Advisors’ 286th dealership sold, 21st franchise sold in the Northeast region and 37th Toyota franchise sold since inception.
Sale of highest volume dealership in Greensburg, PA, underscores growing success of Pittsburgh market, where Toyota is the top volume…
ContinueAdded by Crystal Hartwell on February 24, 2025 at 9:35am — No Comments
PROTECTIVE ASSET PROTECTION UNVEILS ITS 2024 F&I ANNUAL UPDATE REPORT
ST. LOUIS - (February 18, 2025) – Protective Asset Protection, a leading provider of F&I programs and services, announced today its highly anticipated 2024 F&I Annual Update Report. The comprehensive report offers valuable insights into the current state of the automotive industry, focusing on F&I product trends and how dealers are maximizing F&I product options to continually address consumer affordability challenges.…
ContinueAdded by John Sternal on February 18, 2025 at 9:39am — No Comments
BotDoc.io Unveils Alarming Cybersecurity Trends in Auto Dealership Industry
Monument, Co., February 5, 2025 - BotDoc.io, a leading provider of secure file transfer and identity verification solutions, today released the results of a comprehensive 2025 Auto Dealership Cybersecurity Survey. The findings reveal critical gaps in the industry's cybersecurity and data security preparedness, serving as a wake-up call for dealerships nationwide.
Data Protection Among Largest Gaps
The online survey, conducted in…
ContinueAdded by John Sternal on February 12, 2025 at 10:57am — No Comments
PrivateAuto Partners with Recurrent to Empower EV Owners with Seamless Vehicle Listing Options
New Partnership Allows Recurrent Users to Effortlessly List Their Electric Vehicles for Private Sale on PrivateAuto’s Secure Platform
Alpine, Utah – (February 11, 2025) – PrivateAuto, the only end-to-end transactional marketplace for private-party vehicles, today announced its partnership with…
ContinueAdded by John Sternal on February 11, 2025 at 11:20am — No Comments
Car Pros Dealerships Recognized for Sales and Customer Service Leadership in 2024
Car Pros Kia Glendale nation's #1 Kia dealership for the fifth consecutive year, MINI of Downtown Los Angeles #6 in the nation, Car Pros Honda El Monte #22; four dealerships certified for excellence by J.D. Power
RENTON, WA – February 10, 2025 – Car Pros Automotive Group, a leading automotive sales…
ContinueAdded by Crystal Hartwell on February 10, 2025 at 9:24am — No Comments
Great dealership leaders practice MBWA (Management by Wandering Around) and its benefits:
*Their Visibility Promotes Positive Culture
*Encourages Employee Engagement & Openness About Their Goals
*Builds Trust by Showing Servant Leadership
*Reinforces Company Values and Goals
*You Can Discover Your Company's Future Leaders…
Added by Richard Nimphie on February 3, 2025 at 12:53pm — No Comments
Operating a car dealership involves managing a range of complex financial and tax-related responsibilities. From sales tax on vehicles to employee-related taxes, the tax environment can be tricky for dealership owners. However, with the right knowledge and strategies in place,…
ContinueAdded by Tyler Newport on February 2, 2025 at 9:51pm — No Comments
When it comes to hosting an unforgettable party on wheels, choosing the right type of vehicle is essential. The ideal party bus should offer ample space, entertainment features, comfort, and safety. Whether it’s for a bachelor or bachelorette party, birthday celebration, prom…
ContinueAdded by Tyler Newport on January 31, 2025 at 10:02am — No Comments
DEALNOW.COM INTRODUCES INSTANT LOAN LOOKUP AND PAYOFF SOLUTION TO SIMPLIFY INVENTORY ACQUISITION FOR DEALERS
New Solution Enables Private Seller ‘Inventory Acquisition, Made Simple’
Alpine, Utah – (January 28, 2025) – DealNow, the first-of-its-kind service that enables secure and seamless online transactions for any vehicle –including cars, RVs, boats, and other recreational vehicles– today announced the launch of its new Instant Loan Lookup and Payoff…
ContinueAdded by John Sternal on January 28, 2025 at 10:57am — No Comments
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