Tag: dealership news
Why are sales professionals in a hurry? — Matt Easton |...
Sales professionals have two primary jobs in the dealership: make the customer happy and make the business money. Unfortunately, some companies prioritize the latter...
Stellantis full-year profits rise but business stays sluggish in U.S.
Stellantis recorded strong full-year earnings for 2023 on a global scale but struggled to maintain profitability in the U.S. following the United Auto Workers...
The Executive Profile: What’s next for dealer and philanthropist Rita Case?
Welcome to another edition of the Executive Profile on CBT News. Recently, anchor Jim Fitzpatrick traveled to Davie, Florida, to speak with Rita Case,...
Follow Shep Hyken’s Customer Hierarchy of Needs to provide the ultimate...
Welcome to Inside Automotive! In today's episode, we're diving into a fascinating discussion about "The Customer Hierarchy of Needs." And we're in for a...
Treasury says new electric vehicle credit process seeing early success
The U.S. Department of Treasury has distributed $135 million in electric vehicle credit reimbursements to car dealers since the start of the year after...
New vehicle transaction prices drop, luxury brands offer significant discounts
According to an analysis by Kelley Blue Book, a subsidiary of Cox Automotive, the average transaction price (ATP) for new vehicles in the United...
Sonic Automotive doubles annual profit as margins face pressure
Sonic Automotive saw earnings and revenues rise over the course of 2023 even as profitability headwinds put downward pressure on margins, according to the...
Group 1 Automotive supercharges Mid-Atlantic footprint with latest acquisition
Group 1 Automotive, one of the nation's largest auto retailing groups, announced today that it is expanding its U.S. portfolio in the greater Baltimore/Washington...
A peek inside Ron Marhofer Auto Family’s trailblazing fixed ops strategies...
Unlocking the full potential of every service visit is vital to enhancing service departments' bottom line. As the automotive landscape evolves, not only is...
Vehicle prices dip to 7.2% over MSRP as supply improves
New vehicle prices remain higher than normal, averaging 7.2% above MSRP in January 2024, but price growth has started to cool in the face...
