Tag: dealership news
The evolution of automotive retail: From showrooms to online marketplaces
The automotive retail landscape has undergone a significant transformation, driven by technological advancements and changing consumer preferences, which has impacted consumer behavior and compelled...
Stellantis CEO Tavares seeks to revive struggling U.S. operations amid investor...
Stellantis CEO Carlos Tavares is visiting Detroit this week to personally address and develop a strategy to fix the automaker's faltering North American operations....
Nominate outstanding automotive leaders for CBT News’ 40 Under 40 Awards
CBT News is in the final stages of accepting nominations for its prestigious 40 Under 40 Awards, an annual recognition program sponsored by Force...
Ryan Kerrigan on the failed EV rollout: What went wrong and...
In today's episode of Inside Automotive, we sit down with Ryan Kerrigan, Managing Director of Kerrigan Advisors, to discuss the fallout from OEMs' aggressive...
How top dealers drive profits with synergized F&I and sales strategies
In this engaging episode of Training Camp with Adam Marburger, we delve into how top dealers drive profits with synergized F&I and sales strategies....
The influence of cultural trends on automotive design and marketing
Cultural trends play a significant role in shaping automotive design and marketing strategies. Understanding these trends is crucial for automakers to remain relevant and...
Trump considers ending EV tax credit, praises Musk for potential cabinet...
At a campaign event in Asheville, North Carolina, Republican presidential candidate Donald Trump stated that if elected, he might end the $7,500 tax credit...
Sonic Automotive surges 76% despite CDK outage; Jeff Dyke explains resilience...
Despite the estimated 1.02 billion dollar loss for dealerships due to the CDK Global outage, Sonic Automotive’s second-quarter net income is up 76% year-over-year....
DMS outage creates volatility in used vehicle market as inventory declines...
The dealer management system (DMS) outage that affected sales and inventory reporting throughout the previous month continues to create volatility in the automotive market....
ALM and Escude auto groups expand with key dealership acquisitions
In a series of significant dealership transactions, two prominent auto retailers, ALM Automotive Group and Escude Automotive Group, expanded their presence in Georgia and...