VW uses Amazon boxes, free music to promote Taos

VW uses Amazon boxes, free music to promote Taos https://ift.tt/3Iii5Uz

Volkswagen of America has launched a campaign that will print QR codes on over 1 million Amazon boxes to market the compact crossover, offering three months of free premium music streaming as a reward for participating.

Stellantis undergoes 'unprecedented' shake-up of its European dealership network

Stellantis undergoes 'unprecedented' shake-up of its European dealership network https://ift.tt/3d0Gq2A

The automaker wants to transition a network estimated to exceed 15,000 franchise points to a so-called "retailer model." The move gives Stellantis more control over how its vehicles are sold.

 

Dealer anniversaries

Dealer anniversaries https://ift.tt/3o1yX9V

Dealers featured this week include Paul Moak Jr., dealer principal of Paul Moak Honda in Jackson, Miss.; Harold Zeigler, dealer principal of Zeigler BMW of Kalamazoo in Michigan; Joseph Blichfeldt III, dealer principal of Quality Subaru in Wallingford, Conn.

Ex-dealer calls Michigan governor a ‘Yugo'

Ex-dealer calls Michigan governor a ‘Yugo' https://ift.tt/3D1DBJd

Kevin Rinke, who was a top dealer for GM before selling his stores to Roger Penske, is contributing $10 million of his own money toward an 11-person battle for the Republican nomination.

OBITUARY: John Quick Sr.

OBITUARY: John Quick Sr. https://ift.tt/3de9Zhr

John Quirk Sr., who founded a chain of dealerships in Bangor that grew to multiple locations across the state, died Nov. 12 at 89.

Florida Gov. Ron DeSantis pulls dealership into political fray

Florida Gov. Ron DeSantis pulls dealership into political fray https://ift.tt/2ZAunGc

The head of the dealership group that owns Brandon Honda says he made "zero connection" between the store's name and the "Let's go Brandon" chants that have broken out at recent Republican events.

Lexus is still the most-liked brand among dealers

Lexus is still the most-liked brand among dealers https://ift.tt/3D1AQre

Lexus and Toyota topped the latest survey from the National Automobile Dealers Association.

Bob Brockman's competency hearing includes brain scan testimony

Bob Brockman's competency hearing includes brain scan testimony https://ift.tt/3o2hk9Q

Defense witnesses say that the Reynolds and Reynolds ex-CEO's impairment is clear. Prosecutors insist the symptoms are exaggerated.

With new mobile app, customers get perks, Stellantis gets intel

With new mobile app, customers get perks, Stellantis gets intel https://ift.tt/3paHsi1

The automaker believes a deeper understanding about the people who buy its products could prove useful as it develops business models that go beyond selling vehicles.

Just browsing

Just browsing https://ift.tt/3lCF2YT

Good Samaritans kept a flock of alpacas visiting an Audi dealership from wandering into traffic.

OBITUARY: Cary Bosak

OBITUARY: Cary Bosak https://ift.tt/3CWq4mh

The dealer principal of Bosak Motors Chrysler-Dodge-Jeep-Ram and CEO of Bosak Auto Group died Nov. 5 at age 61.

Dealers expect acquisitions to continue, survey finds

Dealers expect acquisitions to continue, survey finds https://ift.tt/3xsfemM

More than three-quarters surveyed by Kerrigan Advisors expect to buy at least one dealership in the next 12 months.

Dealership ditched the script, started talking to customers ‘like a human being' and found success

Dealership ditched the script, started talking to customers ‘like a human being' and found success https://ift.tt/3FM0rGk

Germain Toyota discarded a rigid process in exchange for having unscripted conversations with customers and addressing what's on their minds.

Porsche's big idea: Add flagship model above Cayenne

Porsche's big idea: Add flagship model above Cayenne https://ift.tt/3DKhGHv

The new vehicle would arrive in the second half of the decade, possibly with three rows of seating — a first for the famed sports car brand eager to draw younger buyers, even families.

Subaru braces for first back-to-back U.S. sales declines since 1990s

Subaru braces for first back-to-back U.S. sales declines since 1990s https://ift.tt/3DURHgF

CEO Tomomi Nakamura predicts rebound to 650,000 sales in 2022, but expects 2021 volume in Japanese automaker's most important market to fall short of 600,000.

Subaru braces for first back-to-back U.S. sales declines since 1990s

Subaru braces for first back-to-back U.S. sales declines since 1990s https://ift.tt/3r3xotY

CEO Tomomi Nakamura predicts rebound to 650,000 sales in 2022, but expects 2021 volume in Japanese automaker's most important market to fall short of 600,000.

Rivian delays deliveries of R1S SUV, reports say

Rivian delays deliveries of R1S SUV, reports say https://ift.tt/3CQv5g7

The EV maker has now started sending emails to customers to inform them that the delivery window has been changed to between May and July at the earliest, the reports said.

Dealerships largely don't let customers finish F&I online, survey finds

Dealerships largely don't let customers finish F&I online, survey finds https://ift.tt/3DT32hs

An eLend Solutions dealership survey found the industry largely fails to make the finance and insurance process available online to customers.

CoPilot: Lessees aware of vehicle market but still expect to upgrade

CoPilot: Lessees aware of vehicle market but still expect to upgrade https://ift.tt/3HQX2b5

Despite dealerships' tight inventory and automakers being forced to remove features from new models over supply shortages, lessees feel their next vehicle will be newer and more advanced than their existing models, according to a new survey. The consumers also expected to pay the same amount or less than their current bill.

Dealerships acquired in Calif., Ga.

Dealerships acquired in Calif., Ga. https://ift.tt/3oWtIrb

Three dealership groups acquired stores in California in separate deals, while another group added a second Stellantis store in Georgia.

Deliveries of Hummer Edition 1 pickup, with 329-mile range, to start in December

Deliveries of Hummer Edition 1 pickup, with 329-mile range, to start in December https://ift.tt/3CP5jIW

The $112,595 Hummer Edition 1 — the only version available for the first year — will be classified as a heavy-duty pickup, with a tow rating of 7,500 pounds and a 1,300-pound payload capacity.

Porsche to add flagship model above Cayenne

Porsche to add flagship model above Cayenne https://ift.tt/3CKF9af

The new vehicle would arrive in the second half of the decade, possibly with three rows of seating — a first for the famed sports car brand eager to draw younger buyers, even families.

Former Pontiac dealer Kevin Rinke commits $10M in bid for Mich. governor

Former Pontiac dealer Kevin Rinke commits $10M in bid for Mich. governor https://ift.tt/3DN8ORy

Rinke kicked off his campaign with a television ad airing in Michigan that draws on his roots as owner of one of the best-performing Pontiac car dealerships in the world.

Dealer anniversaries

Dealer anniversaries https://ift.tt/30IewWJ

Dealers featured this week include Jerry Durant, owner of Jerry’s Chevrolet in Weatherford, Texas; and Michael Perrin, dealer principal of Cobb County Toyota in Kennesaw, Ga.

OBITUARY: Richard Landfield

OBITUARY: Richard Landfield https://ift.tt/3oIF164

The longtime auto dealer, founder of Fairway Ford, died Oct. 11 at 89.

David Rosenberg using settlement money to buy stores

David Rosenberg using settlement money to buy stores https://ift.tt/3x78qLe

The New England dealer plans to use some proceeds from a $30 million settlement with GPB Capital Holdings.

How Stellantis has improved the dealership experience for customers

How Stellantis has improved the dealership experience for customers https://ift.tt/32oxCBF

The automaker has created a road map that encourages retailers to focus on satisfaction more than sales volumes.

Group 1 takes hold of most Prime dealerships

Group 1 takes hold of most Prime dealerships https://ift.tt/3FHvXWh

The acquisition gives of Houston group more scale in the Northeast and will help it expand digital retailing platform AcceleRide.

Porsche to create boutique showroom 'Studios'

Porsche to create boutique showroom 'Studios' https://ift.tt/3qUkhv3

Looking to attract the next generation of car buyers, the luxury brand is exploring a future beyond the all-in-one dealership.

Coming Dec. 27: AN's expanded 2021 Yearbook

Coming Dec. 27: AN's expanded 2021 Yearbook https://ift.tt/32cEpy2

A special issue of will be packed with information from our staff and data providers that can help inform your business decisions in the coming year.

Genesis, despite sales growth, needs brand awareness push, COO Claudia Marquez says

Genesis, despite sales growth, needs brand awareness push, COO Claudia Marquez says https://ift.tt/3nA3meZ

Sometimes Genesis still seems like the industry's "best kept secret," Marquez said, and that needs to change.

Industry vet Mark LaNeve helps drive firm’s plan to invest $400M in dealerships

Industry vet Mark LaNeve helps drive firm’s plan to invest $400M in dealerships https://ift.tt/3FCrQux

Franchise Equity Partners aims to spread around $1 billion across five areas of business, including auto retailers.

How a Toyota dealership built a canopy to protect inventory and generate electricity

How a Toyota dealership built a canopy to protect inventory and generate electricity https://ift.tt/3DCQ8DV

After four damaging hailstorms, Stapp Interstate Toyota in Colorado decided to take a gamble in the form of a 53,000-square-foot canopy to cover its vehicles.

Keating Auto Group expands in Texas; growing group buys dealerships in Ohio and N.J.

Keating Auto Group expands in Texas; growing group buys dealerships in Ohio and N.J. https://ift.tt/3DzYLzl

Keating Auto Group this month acquired three import dealerships, while a growing dealership group has purchased Honda and Hyundai dealerships and a family-owned group has purchased its second Iowa store.

GM says it can retrofit heated seats in mid-2022

GM says it can retrofit heated seats in mid-2022 https://ift.tt/3nyQYfj

Because the features can be added later, affected vehicles will be discounted by $50, instead of up to $500 as GM originally said.

Auto dealer stocks fall on Wall Street after bearish Morgan Stanley report

Auto dealer stocks fall on Wall Street after bearish Morgan Stanley report https://ift.tt/3DwJC1D

Analyst Adam Jonas expressed concerns about the pressure franchised dealerships face as Tesla and other EV makers expand and likely increase the volume of direct-to-consumer vehicle sales.

Auto dealer stocks fall on Wall Street after Morgan Stanley report

Auto dealer stocks fall on Wall Street after Morgan Stanley report https://ift.tt/3qUp7Z9

Analyst Adam Jonas expressed concerns about the pressure franchised dealerships face as Tesla and other EV makers expand and likely increase the volume of direct-to-consumer vehicle sales.

VinFast makes U.S. debut at L.A. show with 2 electric crossovers

VinFast makes U.S. debut at L.A. show with 2 electric crossovers https://ift.tt/3wXQkLE

To help position the brand in the U.S., VinFast is planning a series of special events in the coming months.

Group 1 acquires 27 of 30 Prime Automotive Group dealerships

Group 1 acquires 27 of 30 Prime Automotive Group dealerships https://ift.tt/3nrDfqx

Group 1 said it had acquired 27 dealerships from Prime Automotive Group. The original deal, announced in September, called for Group 1 to buy 30 dealerships from Prime for $880 million.

Japanese auto brands top Consumer Reports reliability survey again

Japanese auto brands top Consumer Reports reliability survey again https://ift.tt/3oGH9eL

Lexus, Mazda and Toyota once again took the top three spots in an annual Consumer Reports Reliability Survey, with Lexus edging out Mazda as the most reliable.

David Rosenberg buys 2 N.H. dealerships, grows group to 6 rooftops

David Rosenberg buys 2 N.H. dealerships, grows group to 6 rooftops https://ift.tt/3HwviIJ

New England dealer David Rosenberg purchased two import dealerships this month in Salem, N.H., to grow his DSR Motor Group to six dealerships.

GM's commercial EV unit to supply 5,400 more vans to Merchants Fleet

GM's commercial EV unit to supply 5,400 more vans to Merchants Fleet https://ift.tt/30HfS3J

General Motors unveiled BrightDrop in January in a bid to grab a chunk of the growing electric delivery vehicle business to better compete with rival Ford.

VinFast makes U.S. debut at L.A. show with 2 electric crossovers

VinFast makes U.S. debut at L.A. show with 2 electric crossovers https://ift.tt/3x0z8F3

To help position the brand in the U.S., VinFast is planning a series of special events in the upcoming months.

Bob Brockman innocent of tax fraud charges, U.S. witness says in surprise testimony

Bob Brockman innocent of tax fraud charges, U.S. witness says in surprise testimony https://ift.tt/3DvlRa5

On cross-examination, U.K. lawyer Evatt Tamine said he told prosecutors that he doesn’t believe his boss broke U.S. laws.

Illinois dealerships sold; Heritage Auto Group enters Wyoming

Illinois dealerships sold; Heritage Auto Group enters Wyoming https://ift.tt/3FvAH17

Heritage Auto Group this month bought a Chevrolet store in Wyoming. Two Illinois dealerships were sold last month in separate transactions.

Auto loan competition fierce as lenders report Q3 results

Auto loan competition fierce as lenders report Q3 results https://ift.tt/3oxasjQ

Capital One reported strong auto loan origination growth and strong competition as it and other major publicly traded auto lenders shared third-quarter results this fall. Leases proved a drag on some companies' balance sheets.

Nearly half of consumers research financing before securing loan, leasing

Nearly half of consumers research financing before securing loan, leasing https://ift.tt/3qN9Rxk

A new J.D. Power survey of 10,462 people with recent auto loans or leases found that 45 percent of customers do some research online prior to buying a vehicle.

Prime Automotive's majority owner GPB agrees to pay former CEO Rosenberg $30M in settlement

Prime Automotive's majority owner GPB agrees to pay former CEO Rosenberg $30M in settlement https://ift.tt/3cmUOC0

The settlement comes within days of GPB's planned sale of Prime dealerships to Group 1 Automotive Inc.

Used-vehicle prices reach record in October, J.D. Power says

Used-vehicle prices reach record in October, J.D. Power says https://ift.tt/30xzXZO

Through October, used-vehicle prices were on average 37 percent higher than in 2020.

Nissan Ariya EV sold through reservations

Nissan Ariya EV sold through reservations https://ift.tt/3neeeyZ

Rather than have dealers order the Ariya at launch, Nissan will take reservations directly from potential customers.

GM brands lead 2021 J.D. Power U.S. Sales Satisfaction Index

GM brands lead 2021 J.D. Power U.S. Sales Satisfaction Index https://ift.tt/2YP6TNa

The survey of customer satisfaction indicates that online shopping is clearly the preferred method for vehicle purchases at the moment.

2-step logins could reduce dealerships' cyber risks

2-step logins could reduce dealerships' cyber risks https://ift.tt/3qy1OUW

Dealerships and Cars.com last week described instituting the new process to defend their systems. Helion Technologies President Erik Nachbahr and said some insurers are requiring it as a condition for dealership cybersecurity coverage.

Public auto retailers' Q3 per-vehicle F&I profit grows

Public auto retailers' Q3 per-vehicle F&I profit grows https://ift.tt/3CcccUl

All six major publicly traded dealership groups continued to grow their same-store F&I profit per vehicle during the third quarter, exceeding their totals in both the second quarter and during the third quarter of 2020. Some of the competitors felt they had even more room to grow F&I performance.

Why traditional carmakers have an edge in autonomous challenge

Why traditional carmakers have an edge in autonomous challenge https://ift.tt/3Fgnbhv

Vehicle manufacturers have something even the most ambitious, well-funded tech darlings don't: vast expertise in building cars.

Carvana adjusts search results to handle demand

Carvana adjusts search results to handle demand https://ift.tt/30o10Xu

The used-car giant has reduced the number of vehicles shown to customers in search results to better manage operations.

Dealer anniversaries

Dealer anniversaries https://ift.tt/3Dgn6Kk

Dealers featured this week include Robert Stadel Sr., co-founder of Stadel Motors, a Volvo dealership in Lancaster, Pa.; Bryan Tulley, owner of Tulley BMW of Nashua in New Hampshire; Jason Porreco, owner of Bianchi Honda in Erie, Pa.; Jonathan Watson, dealer principal of Mercedes-Benz of Laredo in Texas; Marshall Butler Sr., chairman of Butler Toyota in Macon, Ga.; John Wood, COO of Tom Wood Automotive; and Walt Gutierrez, dealer principal of Toyota of Newnan in Georgia.

Natural demand for vehicles will eventually be met. Dealers should be prepared.

Natural demand for vehicles will eventually be met. Dealers should be prepared. https://ift.tt/3kEdQIt

While manufacturers and dealers can leverage ongoing supply and natural demand imbalances to support higher transaction prices, it will be necessary for the industry to be ready for swift adjustments when natural demand is met.

47 nominated for Time Dealer of the Year

47 nominated for Time Dealer of the Year https://ift.tt/3kA2DbO

Forty-seven dealers were picked from more than 16,000 franchised dealers nationwide. They were selected by executives of state and metro dealer associations for success in auto retail as well as a commitment to their communities.

Dealerships have already beat 2020's profit record

Dealerships have already beat 2020's profit record https://ift.tt/3nhWmmQ

The average dealership's operating profit more than quintupled through the first nine months of the year to $1.8 million.

Dodge to certify dealers, revive parts line

Dodge to certify dealers, revive parts line https://ift.tt/3DiDude

Building a network of certified retailers and resurrecting its Direct Connection performance parts brand are among the first steps in a two-year plan the brand has started to roll out.

Dealership buy-sell frenzy throws up year-end hurdle

Dealership buy-sell frenzy throws up year-end hurdle https://ift.tt/3Fmsa0p

Brokers, lawyers and accountants say they are seeing delays in getting automaker approvals for some transactions or getting necessary tasks completed in time to close deals before the December holidays.

How this dealership group keeps customers coming back: Text messages

How this dealership group keeps customers coming back: Text messages https://ift.tt/3c95EeE

Planet Automotive Group has focused its marketing efforts and customer outreach on texting customers via Chatterspot software, and yielded substantial returns.

McCurley Integrity, Geaux Automotive acquire dealerships in October

McCurley Integrity, Geaux Automotive acquire dealerships in October https://ift.tt/3DaKCrT

McCurley Integrity Dealerships, Geaux Automotive Group and duo Amir Rauf and Louay Charara bought dealerships in single-store transactions last month.

Wholesale used-vehicle prices continue to rise, against the seasonal norm

Wholesale used-vehicle prices continue to rise, against the seasonal norm https://ift.tt/3D4nlrE

Cox Automotive's Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim's U.S. auctions, was up 38 percent in October compared with the same month in 2020.

Montreal International Auto Show a go for 2022, organizers say

Montreal International Auto Show a go for 2022, organizers say https://ift.tt/3C6XttO

The Montreal International Auto Show will be back in 2022 after the 2021 edition was canceled because of COVID-19, organizers said Thursday.

Average dealership profit on pace to shatter 2020 record, NADA data shows

Average dealership profit on pace to shatter 2020 record, NADA data shows https://ift.tt/3quwztQ

According to the NADA, the average U.S. dealership recorded net pretax profit of $3 million through September. That was more than double the $1.3 million in net pretax profit reported for the first nine months of 2020.

GMC, Porsche top Power's sales satisfaction -- but the real winner is online selling

GMC, Porsche top Power's sales satisfaction -- but the real winner is online selling https://ift.tt/3olTLb5

J.D. Power's 2021 sales satisfaction study shows gains by GMC, Porsche, Jeep, Chevrolet, Dodge and Ram.

Average dealership profit on pace to shatter 2020 record, NADA data shows

Average dealership profit on pace to shatter 2020 record, NADA data shows https://ift.tt/2YyUVXM

According to the NADA, the average U.S. dealership recorded net pretax profit of $3 million through September. That was more than double the $1.3 million in net pretax profit reported for the first nine months of 2020.

CreditIQ deal gives Cars.com customers access to online F&I

CreditIQ deal gives Cars.com customers access to online F&I https://ift.tt/3kn07FK

Cars.com is entering the auto finance market with , whose technology and digital retailing platform allow customers to receive online loan approvals and buy F&I products from dealerships.

AutoCanada, Shottenkirk among buyers in recent dealership acquisitions

AutoCanada, Shottenkirk among buyers in recent dealership acquisitions https://ift.tt/30ctumX

AutoCanada, Shottenkirk Automotive Group and upstate N.Y. dealers Julie Huttig and George Huttig bought dealerships in the fourth quarter and late in the third quarter.

Detroit 3, Toyota, Honda receive high marks in diversity scorecard

Detroit 3, Toyota, Honda receive high marks in diversity scorecard https://ift.tt/3bWrouj

John Graves, chairman of the Rainbow PUSH Automotive Project, said the chief diversity officer position has seen a rebirth recently.

Auto interest rates to stay low despite Fed bond purchase tapering, Cox Auto says

Auto interest rates to stay low despite Fed bond purchase tapering, Cox Auto says https://ift.tt/31R4AdL

The Federal Reserve will wind down its bond purchases, but a Cox Automotive economist said he didn't expect auto interest rates to climb until after the bond-buying ends altogether next year.

Toby Russell to step down as Shift co-CEO in February

Toby Russell to step down as Shift co-CEO in February https://ift.tt/3wxQkBz

George Arison, the other co-CEO, will become the sole chief executive. Most of Russell's day-to-day operational responsibilities are transitioning to Shift President Jeff Clementz.

Lithia enters motorcycle market with purchase of Pfaff Harley-Davidson in Canada

Lithia enters motorcycle market with purchase of Pfaff Harley-Davidson in Canada https://ift.tt/3D2DTAa

The deal brings Lithia's total expected annualized revenue acquired in 2021 to nearly $6.3 billion.

AutoNation completes acquisition of Priority 1 Automotive, adds 9 stores in Maryland

AutoNation completes acquisition of Priority 1 Automotive, adds 9 stores in Maryland https://ift.tt/3D9LahC

AutoNation Inc. has closed on the purchase of nine luxury dealerships in Maryland. It's the second big acquisition completed so far this year for the nation's largest new-vehicle retailer.

Why dealers are justified in asking for well over sticker price in today's market

Why dealers are justified in asking for well over sticker price in today's market https://ift.tt/3wu4J1R

It's the textbook definition of supply and demand.

Dodge to certify dealers as 'Power Brokers' in kickoff of 2-year business plan

Dodge to certify dealers as 'Power Brokers' in kickoff of 2-year business plan https://ift.tt/3wpDk17

Building a network of certified retailers is among the first steps in the brand's plan, with more details scheduled to be revealed every three months.

Why dealers are justified in asking for sticker price ... or more

Why dealers are justified in asking for sticker price ... or more https://ift.tt/3H3E3K3

It's the textbook definition of supply and demand.

Sizing up dealership job applicants: How fast do they message back?

Sizing up dealership job applicants: How fast do they message back? https://ift.tt/3kiatXI

Some dealerships look at how quickly job applicants respond to messages to gauge how they might respond to customers. Dealerships need to make sure they also respond quickly.

Mini, dealers weigh how best to compete in truck-crazy market

Mini, dealers weigh how best to compete in truck-crazy market https://ift.tt/31tS0kb

The brand's U.S. sales have fallen to its lowest since its launch nearly two decades ago. One option is to open service-only facilities as sales move online.

Cadillac will have a third fewer stores for EV shift

Cadillac will have a third fewer stores for EV shift https://ift.tt/3wphKtn

GM's luxury brand will have about 560 dealerships, down from 875 at the start of 2021 but still far more than German and Japanese rivals.

Retailers use digital-communication skills to evaluate job applicants

Retailers use digital-communication skills to evaluate job applicants https://ift.tt/3opnnV9

While virtual interviews started, in some cases, as a necessity during the pandemic to avoid in-person interaction, some dealerships now use them to gauge a candidate's abilities.

Dealer anniversaries

Dealer anniversaries https://ift.tt/3CX2NkH

Dealers featured this week are Amy O’Brien-Kravitz, Roy O’Brien, Mark O’Brien, and Sean O’Brien of Roy O’Brien Ford in St. Clair Shores, Mich.; and John Johnson, owner-operator of Johnson Chevrolet-Buick in Clintwood, Va.

OBITURARY: Bob Braner

OBITURARY: Bob Braner https://ift.tt/3BYt29c

A former Southern California dealer who became CEO of U.S. operations for Lamborghini and Lotus, died Sept. 27 at 83.

Find ‘social champion,' and let them post away

Find ‘social champion,' and let them post away https://ift.tt/3D9Fd4F

April Simmons, corporate Internet and marketing director for Horne Auto Group in Gilbert, Ariz., hired a "social champion" to boost engagement with the group's organic social media posts.

Subaru store steps up for Ralphie the Shih Tzu

Subaru store steps up for Ralphie the Shih Tzu https://ift.tt/2Yp7DZ4

Gold Rush Subaru donated $10,000 to help pay for medical care for a 5-year-old girl's support dog.

At TrueCar, vets help vets become vehicle owners

At TrueCar, vets help vets become vehicle owners https://ift.tt/3H0GahF

Veterans David Green and Juan Barnett are working to support and expand vehicle listings company TrueCar's military outreach.

Amid U.S. megadeals, Roger Penske sees opportunity in Japan

Amid U.S. megadeals, Roger Penske sees opportunity in Japan https://ift.tt/3EYzVJL

Instead of joining other public retailers making splashy deals here, the retailer's head is looking across the Pacific.

Carter Myers acquires 4 franchised rooftops in West Virginia, Virginia

Carter Myers acquires 4 franchised rooftops in West Virginia, Virginia https://ift.tt/3EOolAH

Carter Myers Automotive has purchased Miller Auto Group, adding Chevrolet-Toyota, Hyundai, Honda and Chrysler-Dodge-Jeep-Ram dealerships.

Thinking outside of the box to fill lots

Thinking outside of the box to fill lots https://ift.tt/3wzrNfP

For Aschenbach Automotive Group, establishing a buying center was an alternative way for the company to fill the supply gap.

Carter Myers acquires 4 franchised rooftops in West Virginia, Virginia

Carter Myers acquires 4 franchised rooftops in West Virginia, Virginia https://ift.tt/3o0ORQB

Carter Myers Automotive has purchased Miller Auto Group, adding Chevrolet-Toyota, Hyundai, Honda and Chrysler-Dodge-Jeep-Ram dealerships.

Thinking outside of the box to fill lots

Thinking outside of the box to fill lots https://ift.tt/3bOUprL

For Aschenbach Automotive Group, establishing a buying center was an alternative way for the company to fill the supply gap.

U.S. vehicle sales begin long journey to recovery

U.S. vehicle sales begin long journey to recovery https://ift.tt/3bHDszs

October's SAAR ended a streak of monthly declines, and there are hints of increased incentive spending from certain brands and fuller inventories in some segments.

LaFontaine, Kayser, Kendall and Coughlin groups acquire dealerships

LaFontaine, Kayser, Kendall and Coughlin groups acquire dealerships https://ift.tt/3BObc8T

LaFontaine Automotive Group and Kendall Automotive Group are among buyers in recent dealership acquisitions in the Midwest and West.

GM Chief Information Officer Randy Mott to retire

GM Chief Information Officer Randy Mott to retire https://ift.tt/31E5Hxj

Mott, 65, redefined GM's IT business by insourcing IT operations. He also developed a private internal cloud and an advanced search engine of GM and third-party data.

Subaru profit falls by almost half on chip shortage

Subaru profit falls by almost half on chip shortage https://ift.tt/3wjUDQT

Subaru CEO Tomomi Nakamura said the automaker was also hit by rising raw material costs. The automaker's global sales fell 13 percent to 200,000 in the quarter.

Lithia sells 2 dealerships in New York

Lithia sells 2 dealerships in New York https://ift.tt/3mNfadK

Lithia Motors has now sold four dealerships this year that were part of the Carbone Auto Group, which it acquired in 2016.

2022 Toyota Tundra price starts at $37,645; EPA fuel economy improved

2022 Toyota Tundra price starts at $37,645; EPA fuel economy improved https://ift.tt/3EOqYCE

The new Tundra is expected to begin arriving in showrooms next month.

Subaru profit falls by almost half on chip shortage

Subaru profit falls by almost half on chip shortage https://ift.tt/3k8FuNL

Subaru CEO Tomomi Nakamura said the automaker was also hit by rising raw material costs. The automaker's global sales fell 13 percent to 200,000 in the quarter.

AutoNation to sell parts, refer work to shops bought by Caliber

AutoNation to sell parts, refer work to shops bought by Caliber https://ift.tt/2ZJVn5W

AutoNation had been focused on expanding its collision network. But the company said a greater return was possible on up to 17 of its shops by selling them off to its greatest collision rival and continuing to supply parts and refer customers to the locations.

Workplace flexibility can boost diversity

Workplace flexibility can boost diversity https://ift.tt/3w6JoLB

Offering flexibility to employees and listening to their needs are places to start for dealerships looking to foster a culture of diversity, equity and inclusion.

Is your dealership sales team ready for an AI assistant?

Is your dealership sales team ready for an AI assistant? https://ift.tt/3jRUFKM

When a dealership is understaffed, an important part of the sales process that tends to be pushed to the back burner is lead response and nurturing. If your sales team is letting leads slip through the cracks, they may benefit from extra help in the form of a virtual assistant.

5 smart things dealers can learn from Amazon

5 smart things dealers can learn from Amazon https://ift.tt/319IvXe

With only 14 percent of buyers starting their initial research on dealership websites, retailers are being tasked to develop new ways to engage customers.

Galpin Motors goes nationwide in Subway ad

Galpin Motors goes nationwide in Subway ad https://ift.tt/3Bz2POr

The president of Galpin Motors, a fixture of local TV ads in Los Angeles, has gained exposure across the country as part of a campaign for Subway.

 

Germain Automotive Group buys Honda store in Arizona, 3 other dealerships in 2021

Germain Automotive Group buys Honda store in Arizona, 3 other dealerships in 2021 https://ift.tt/3wo3uBd

Germain Automotive Group entered Arizona last month when it bought a Honda dealership outside Phoenix. It's one of four dealership acquisitions for the group this year, with the remaining three coming in its home state of Ohio.

Cars.com to acquire automotive fintech company CreditIQ

Cars.com to acquire automotive fintech company CreditIQ https://ift.tt/3mGDBJI

Cars.com posted higher revenue and swung to a net profit in the third quarter compared with the same period in 2020.

Hudson Automotive acquires Toyota store in South Carolina

Hudson Automotive acquires Toyota store in South Carolina https://ift.tt/3EJIvf0

Hudson Automotive Group bought its sixth Toyota dealership in a transaction that closed on Monday. Its pending acquisition of three Mercedes-Benz dealerships is expected to close this month.

Lenders might underestimate fraud exposure, survey shows

Lenders might underestimate fraud exposure, survey shows https://ift.tt/3CI1p5n

Despite new survey results indicating perception of fraud in the marketplace, Point Predictive expressed concern that lenders failed to appreciate their exposure. More than half of all lenders responding called their concern over fraud unchanged or reduced from 2020 to 2021.

First Canadian Porsche Experience Center planned for Toronto area

First Canadian Porsche Experience Center planned for Toronto area https://ift.tt/3ELiY5p

There are currently nine Porsche Experience Centers worldwide, including Atlanta and Los Angeles in the U.S.

Subprime auto loan originations near pre-pandemic levels, TransUnion says

Subprime auto loan originations near pre-pandemic levels, TransUnion says https://ift.tt/3mFW2OE

Subprime auto loan originations have yet to catch up to prepandemic levels, according to the latest TransUnion data, though an analyst said they've been improving and have neared that point.

Ford, Toyota, Honda, Hyundai, Kia sales slip again

Ford, Toyota, Honda, Hyundai, Kia sales slip again https://ift.tt/3mI9wcU

Subaru deliveries skidded for the 5th consecutive month in October as supply bottlenecks continue to undercut light-vehicle output and dealer stockpiles.

Ganley, Tasca and Corwin auto groups acquire dealerships

Ganley, Tasca and Corwin auto groups acquire dealerships https://ift.tt/3CEB8F3

Ganley Auto Group, Tasca Automotive Group and Corwin Automotive Group buy dealerships in 3 deals

Toyota, Honda, Hyundai, Kia sales slip 3rd straight month

Toyota, Honda, Hyundai, Kia sales slip 3rd straight month https://ift.tt/3bzMs9J

Industry sales are expected to fall 20 to 30 percent in October, analysts say, as supply bottlenecks continue to undercut light-vehicle output and dealer stockpiles.

Toyota, Hyundai, Kia sales slip 3rd straight month

Toyota, Hyundai, Kia sales slip 3rd straight month https://ift.tt/3CF467W

Industrywide sales are expected to fall 20 to 30 percent in October, analysts say, as supply bottlenecks continue to undercut light-vehicle output and dealer stockpiles.

Hyundai, Kia sales slip 3rd straight month

Hyundai, Kia sales slip 3rd straight month https://ift.tt/3bzoQSE

Industrywide sales are expected to fall 20 to 30 percent in October, analysts say, as supply bottlenecks continue to undercut light-vehicle output and dealer stockpiles.

Is your dealership sales team ready for an AI assistant?

Is your dealership sales team ready for an AI assistant? https://ift.tt/3jRUFKM

When a dealership is understaffed, an important part of the sales process that tends to be pushed to the back burner is lead response and nurturing. If your sales team is letting leads slip through the cracks, they may benefit from extra help in the form of a virtual assistant.