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The first dual brand dealership in North America to retail Audi and Ducati under the same rooftop is expected to open in June 2026 in Vaughan. Pfaff Automotive was chosen as the company to do it, and groundbreaking for the 100,000 square foot store (9,290 square meters), three-level building began a month ago.
Cox Automotive showcased new retail and wholesale solutions designed to fuel the future of car buying and selling during NADA Show 2025, the National Automotive Dealers Association’s annual convention, in New Orleans. Additionally, Cox Automotive’s thought leaders supported the company’s presence.
Autofinity has launched ViSOURCE, a tool to aggregate wholesale vendor stock and information to provide buyers with an extensive view of the used car market. ViHUB enables automotiveretailers to pool vehicle data, automatically populate online marketplaces and manage stock with up-to-date inventory details.
We are honored to continue to support the Bohn family, this time in the sale of their Hyundai Genesis dealership, a transaction that, again, underscores the enduring strength of the auto retail market in the South, said Gabe Robleto, Senior Vice President, Sell-Side Advisory at Kerrigan Advisors. Home to over 1.2
Digital retailing can improve customer experience and make it easier and faster to complete a sale, but digital retailing provides another benefit to dealers and car buyers alike. Fewer dealers than ever view digital retailing as a barrier to forming personal connections with buyers. It builds connections.
Pittsburgh, PA February 24, 2025 Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Ascent Automotive Group in the sale of its Toyota of Greensburg, Pennsylvania dealership, in the Pittsburgh metropolitan area, to Jim Shorkey Auto Group. average on retail sales annually.
As we step into 2025, the automotiveretail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Furthermore, economic pressures will continue to impact the automotive market in 2025.
Meanwhile, Cox Automotive data shows that 1,417,573 used vehicles were sold in the States last month, a notable increase from the 1,259,277 units sold during the same month last year—a year-over-year rise of around 13%. MONTHLY USED VEHICLE RETAIL SALES Cox Automotive from the $26,239 recorded in November 2023.
The automotive industry faces unprecedented challenges in protecting customer data privacy. The Data Privacy Landscape in AutomotiveRetail The automotiveretail sector has undergone a significant digital transformation in recent years. million customers and potential buyers in North America.
Electric car sales climbed 42% year on year in January but still lagged well behind ZEV mandate targets The UK automotive industry is calling for more to be done to encourage private buyers into electric cars , as the latest sales figures reveal EV uptake is falling well short of the government's mandated targets. market share.
An overwhelming percentage of car dealers who use digital retailing tools are reporting encouraging results, according to the latest research by Cox Automotive. The top benefit of digital retailing, according to both dealers and customers, is the time saved, cited by 60% of dealers and 93% of shoppers.
Polestar has arrived in Adelaide, opening the doors to its first South Australian dealership as part of a wider retail expansion. Polestar says the new Adelaide location is part of the company’s “transition [to] a more active retail model”, which will see the Geely-owned brand partner with dealer partners around the country.
The Mid-Atlantic boasts one of the countrys strongest economies and is highly sought after by today's buyers, as we have learned across the 54 franchises successfully sold by Kerrigan Advisors in this region, said Erin Kerrigan, Founder & Managing Director of Kerrigan Advisors. To access The Kerrigan Index, click here.
As we reflect on the 2024 automotive landscape, its clear that dealerships faced a year of significant challenges and transformations, particularly in finance and insurance (F&I). The post 2024 Auto Retailer F&I Year in Review What We Learned appeared first on AutoSuccessOnline.
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Last month, the Australian Automotive Dealer Association (AADA) welcomed the Federal Government’s commitment to allocate $60 million in funding towards EV charging upgrades across the nation’s car dealership networks. The AADA has been one of the lobby groups more critical of the Federal Government’s New Vehicle Efficiency Standard (NVES).
Read: Average New Car Cost $48k, But Buyers Only Want To Spend $35k While this figure is lower than December 2022’s record-setting $49,926, it’s still the highest recorded so far this year. compared to the same month last year, now resting at $35,872, according to a Cox Automotive report using Kelley Blue Book (KBB) data.
For the past 20 years, local buyers, leasing, or renting a new or used electric vehicle have been exempt from a 6.625% sales tax. The New Jersey Coalition of AutomotiveRetailers says that approximately 11% of cars sold across the state last year were BEVs while 9% were hybrids and plug-in hybrids.
A Tesla Cybertruck recently popped up for sale over on the Cox Automotive’s wholesale site, Manheim. It sold for more than double its MSRP, fetching over $120,000 above retail price, to Porsche of South Orlando. Only if Tesla refuses to buy the truck back can the buyer then resell it themselves according to the paperwork.
As the automotive industry faces a rapidly changing landscape in 2025, Team Velocity invites industry leaders, innovators and decision-makers to its highly anticipated Automotive Leadership Roundtable (ALR). I’m excited for the insights our panelists will share and the conversations this event will spark.”
izmocars has launched izmoemporio , a revolutionary digital retail enablement platform that elevates the online car shopping experience. Today’s digital retail solutions often assume that car buyers have already decided on the exact vehicle they wish to purchase.
This transaction underscores Kerrigan Advisors’ industry-leading track record selling the most valuable auto retailers nationwide and marks the 50 th franchise sale in the region completed by the firm since 2020.
So did Sytner, Marshall, Ridgeway and now, Waylands Automotive. We are here to see CEO John O’Hanlon who has a strong record in motor retailing. New retail volumes in the first half of 2024 are up 3.5%, used retail volumes up 36%, service hours up 15.2% Tom Walkinshaw occupied it in the past. The results are good.
As part of a new venture, Mercedes and Dubai-based developer Binghatti are teaming up to “merge the worlds of automotive and architecture.” They’ll be “meticulously crafted” and buyers can also scoop up one of five penthouses.
We are pleased to have completed our second transaction with Bohn Brothers, and their second luxury franchise in New Orleans most desirable automotive market, Metairie, said Gabe Robleto, Senior Vice President, Sell-Side Advisory at Kerrigan Advisors.
This represents the sale of the final of four dealerships in the Bohn Brothers Automotive Group, including Audi of New Orleans, Audi Lafayette, Hyundai Genesis of Metairie and Toyota of Slidell. We are confident that the dealership will thrive under the leadership of Carlock Automotive. Founded by George W.
VinSolutions , Cox Automotive Inc.’s This new integration benefits Ford dealers and Lincoln retailers currently enrolled in the CRM Data Edge program by simplifying and expediting the sales process, saving them time when researching and applying incentive packages.
From a retail standpoint, we launched April 22nd, and I can’t say the numbers, but we’ve been absolutely overwhelmed by the response,” he said. “I VFACTS data for the Ford F-150 Lightning is not available given AusEV is not a member of the Federal Chamber of Automotive Industries (FCAI) , which compiles the figures.
Mobile optimization in the automotive industry has become a key tool in driving business success, delivering several perks such as stellar user experience and increased conversions. Now, let's dive into exploring how automotive businesses are leveraging mobile apps to create enhanced customer experiences.
Skywell UK general manager, David Clark said: As a family-owned business, Bob Davies Car Sales has a long history, offering fantastic customer service, to car buyers in South Wales, and I am very pleased to welcome them to our growing network. This offer is available for a limited time.
Asbury Automotive Group is one of the largest automotiveretailers in the United States, with $14.8 We continue to see robust buyer demand in the South, especially in high growth markets and, with Chevrolet as the top domestic brand, there was high demand for this dealership.
Ken Garff Automotive Group, ranked ninth largest US dealership group by Automotive News based on 2023 new unit sales, was founded by Ken Garff after opening his first dealership 90 years ago in Utah. This transaction was a classic example of the extraordinary buyer demand for domestic dealerships in high-growth markets.
Automotive Industry The automotive industry is one of the most lucrative fields for selling marketing services. With the rise of online car shopping and increasing competition, automotive enterprises have invested heavily in SEO , social media marketing , and digital advertising to enhance their visibility.
We are gratified to have identified Community Auto Group to carry the torch and continue Audi Lafayette’s superlative support of the Lafayette community.” Bohn Brothers Automotive Group originated with the founding of the Bohn Motor Company by George W. Bohn in 1924 in New Orleans. Crowe LLP was the seller’s accountant.
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According to a 2024 Deloitte automotive consumer study, 71% of U.S. These buyers will focus exclusively on private-party acquisitions. VETTX was intended for team use, buyers and managers using the platform without ever needing to communicate outside the application. Remember, dealerships exist to serve retail consumers.
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