Tag: auto sales
Dealership mergers and acquisitions keep going strong in July
Profit levels are rising even with high inflation and increasing interest rates. This has prompted many dealerships to merge or completely acquire others. July...
Auto loan defaults and car repossessions are rising—should car dealers be...
Dealership owners are concerned as repossessions continue to increase. According to the Cox Automotive Industry Insights 2021 presentation, repossession in 2020 was the lowest in...
Kentucky Automobile Dealers Association pres. Jason Wilson on the state of...
The Kentucky Automobile Dealers Association (KYADA) recently held its 75th annual convention in Asheville, North Carolina. Today on Inside Automotive, we’re pleased to welcome...
High transaction prices, supply chain woes stifle July auto sales
According to Cox Automotive, July’s new auto sales will likely see a 2.1% drop compared to last month and a 13% decrease compared to...
Why the new FTC provisions would hurt dealers and the car...
The National Independent Automobile Dealers Association (NIADA) says that a recently proposed rule by the Federal Trade Commission "would place extensive restrictions on the sale,...
How automakers are restructuring for the current pricing environment — Kevin...
We’re in the heart of earnings season, so today on Inside Automotive, we’re joined once again by Kevin Tynan, Bloomberg Intelligence’s Senior Automotive Analyst,...
How manager Erikka Tiffani Wells is modernizing sales training at her...
Sales training today looks significantly different than it did just a few years ago, and it’s high time to move away from using those...
How will EVs affect your service department?
As dealers grapple with the impact that electric vehicles will have on their business, the one topic that is often glossed over is, what...
Sonic Automotive President Jeff Dyke discusses powerful Q2 2022 performance
Sonic Automotive has announced all-time record revenues and gross profit for the second quarter. The fortune 500 company based in Charlotte, North Carolina is...
Minority franchise dealers increased by almost 9% in 2021, NAMAD data...
According to the National Association of Minority Automobile Dealers (NAMAD), the number of minority franchised dealerships rose by almost 9% from 2020 to 2021. There...
