Tag: dealership news
Driving results in fixed-ops: Why forward-thinking dealers achieve better results
Forward-thinking dealers have drastically improved fixed operation profits over the last year, but what factors are driving these results? In this CBT News Power...
Affordability improves in April, but new car prices remain high
Data from Cox Automotive suggests that vehicle affordability improved slightly in April, although pricing pressures remain high.
The Vehicle Affordability Index found that the median...
S&P Global reports average car age of 12.5 years, setting new...
According to a new S&P Global study, U.S. drivers are holding onto their used vehicles longer than ever before.
The firm's research found that light...
OEMs want to transform the car business: Should dealers be worried?...
Automakers are pushing for sweeping changes to way vehicles are sold, but how do franchisees factor into their plans? On this episode of Inside...
Five Star Automotive Group acquires Toyota, BMW stores in Ohio
Five Star Automotive Group has acquired two dealerships in North Canton, Ohio, through major merger-and-acquisitions broker Tim Lamb Group.
Cain Toyota and Cain BMW were...
OEMs actively discussing affordability, expect to see discounts and incentives
Multiple automakers are signaling the return of incentives as they consider options to address rampant unaffordability in the current car market.
In comments made to...
The pitch-less sales pitch: How successful dealers win over difficult clients...
How do successful salespeople persuade guarded or disinterested car buyers? On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Matt Easton,...
Toyota forecasts higher profits in 2024 buoyed by EVs and increased...
Toyota saw quarterly profits push past the previous year's number but failed to prevent an annual loss due to the rising costs of materials.
The...
Monaco Ford and Gentle Love Diaper Pantry team up for Mother’s...
Each year, Mother's Day serves as an opportunity to honor, love, and highlight the role and contributions of mothers and mother figures in the...
NAMAD’s Damon Lester on the latest dealer diversity and inclusion efforts
The automotive industry has historically struggled with the rise of diversity and inclusion. But in recent years, there has been a push for greater...
