Carscoops

DECEMBER 29, 2024

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.

Retail 111

Retail Manufacturing Automotive Buyer 111

Dealer World

DECEMBER 4, 2024

The automotive industry faces unprecedented challenges in protecting customer data privacy. The Data Privacy Landscape in Automotive Retail The automotive retail sector has undergone a significant digital transformation in recent years. million customers and potential buyers in North America.

Retail 89

Retail Customer Automotive Dealerships 89

Autocar

FEBRUARY 5, 2025

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.

Sales 111

Sales Manufacturing Retail Buyer 111

Auto Remarketing

NOVEMBER 27, 2023

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.

Retail 111

Retail Deal Finance Customer 111

CarExpert

JANUARY 20, 2025

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.

Retail 95

Retail Networking Deal Buyer 95

Dealer World

DECEMBER 19, 2024

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.

Sales 88

Sales Retail Banking Dealerships 88

AutoSuccessOnline

FEBRUARY 28, 2025

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.

Retail 40

Retail Repairing Finance Insurance 40

Auto Remarketing

MARCH 18, 2024

In the wake of the global pandemic, the automotive industry has been riding through a storm of unprecedented challenges and transformations. As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector.

Retail 98

Retail Supply Chain Manufacturing Consulting 98

CarExpert

APRIL 11, 2024

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).

Buyer 111

Buyer Networking Manufacturing Repairing 111

Carscoops

FEBRUARY 29, 2024

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 Automotive Retailers says that approximately 11% of cars sold across the state last year were BEVs while 9% were hybrids and plug-in hybrids.

Buyer 115

Buyer Rebate Sales Retail 115

Carscoops

DECEMBER 22, 2024

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.

Retail 98

Retail Deal Buyer Sales 98

Carscoops

FEBRUARY 28, 2024

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.

Buyer 119

Buyer Banking MSRP Retail 119

Motor Trader

SEPTEMBER 27, 2024

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.

Automotive 106

Automotive Retail Marketing Sales 106

AutoSuccessOnline

JANUARY 30, 2025

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.

Retail 52

Retail Buyer Customer Automotive 52

Dealer World

FEBRUARY 13, 2024

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.

Automotive 94

Automotive Retail Sales Banking 94

Carscoops

JANUARY 24, 2024

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.

Automotive 122

Automotive Retail Development Buyer 122

Dealer World

DECEMBER 12, 2024

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.

Automotive 89

Automotive Retail Sales Banking 89

Dealer World

JANUARY 20, 2025

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.

Automotive 89

Automotive Sales Retail Banking 89

Drive.com

AUGUST 13, 2024

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.

Buyer 94

Buyer Retail Bump Manufacturing 94

Turbo Marketing Solutions

JUNE 20, 2024

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.

Automotive 90

Automotive Retail Manufacturing Customer 90

AutoSuccessOnline

JANUARY 30, 2025

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.

Principal 52

Principal Retail Deal Buyer 52

Motor Trader

FEBRUARY 6, 2025

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.

Networking 85

Networking Repairing Retail Manufacturing 85

Dealer World

AUGUST 13, 2024

Asbury Automotive Group is one of the largest automotive retailers 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.

Automotive 89

Automotive Sales Retail Banking 89

Dealer World

JUNE 17, 2024

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 94

Automotive Retail Sales Dealerships 94

Shawn Ryder

MARCH 6, 2025

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.

Marketing 59

Marketing Retail Automotive Technology 59

Dealer World

DECEMBER 4, 2024

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.

Automotive 88

Automotive Sales Retail Banking 88

AutoSuccessOnline

DECEMBER 6, 2024

The automotive industry faces unprecedented challenges in protecting customer data privacy. Central to this process is the use of encryption in safeguarding customer data in automotive retail to avoid privacy breaches and how dealerships can implement encryption to protect their customers and businesses.

Retail 52

Retail Customer Automotive Dealerships 52

Turbo Marketing Solutions

JUNE 18, 2024

Automotive lead generation tactics are evolving, largely owing to cutting-edge technologies like predictive analytics. Our expert analysis predicts an increased emphasis on AI-driven personalization in automotive lead generation, along with a surge in virtual test drive experiences as a key lead conversion tool.

Automotive 94

Automotive Technology Dealerships Customer 94

Solera

AUGUST 18, 2024

Adaptability is essential in the rapidly evolving automotive industry. Why We Need to Embrace Change The automotive industry is constantly transforming, influenced by new technologies, changing consumer behaviors, and increased competition. As technology advances and consumer preferences shift, dealerships need to keep pace.

Automotive 98

Automotive Retail Dealerships Technology 98

Turbo Marketing Solutions

SEPTEMBER 6, 2024

In today's fast-paced automotive industry, keeping a pulse on emerging marketing and sales trends can make or break your competitive edge. Interestingly, while online research has surged—with 92% of buyers conducting pre-purchase research—79% still prefer visiting dealerships in person.

Automotive 97

Automotive Supply Chain Sales Marketing 97

AutoSuccessOnline

NOVEMBER 24, 2024

A 2023 McKinsey survey found that a third of buyers want to purchase their next vehicle online, citing “speed” and “simplicity” as major factors. Yet, making online retail into a reality has remained a challenge for auto dealers. Handling vehicle titles has long been a tedious and time-consuming task for automotive dealers.

Supply Chain 52

Supply Chain Retail Electronics Insurance 52

AutoSuccessOnline

FEBRUARY 19, 2024

Cox Automotive ‘s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. At 80%, new electric vehicle (EV) buyers continue to report the highest levels of satisfaction with the process.

Buyer 80

Buyer Retail Dealerships Deal 80

AutoSuccessOnline

FEBRUARY 17, 2025

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.

Management 90

Management Dealerships Repairing Retail 90

Turbo Marketing Solutions

JUNE 13, 2024

Boosting conversion rates in the automotive industry starts with a deep understanding of what these rates are. The average conversion rate in the automotive industry is approximately 4%. Now, let's delve into the pivotal factors that contribute to conversion rates in the automotive industry.

Automotive 94

Automotive Dealerships Finance Customer 94

Shawn Ryder

MARCH 9, 2025

In the modern marketing landscape, understanding where to find your target audience for customer discovery is crucial for the success of any automotive dealership. Consider hosting events like: Car Shows: Showcase your inventory while engaging with car enthusiasts and potential buyers.

Customer 59

Customer Demographic Dealerships Networking 59

AutoSuccessOnline

FEBRUARY 20, 2025

While rate hikes appear to be cooling, affordability remains a concern for car buyers. And select states have seen insurance costs rise 50% or more above the national average of $199, leading to significant sticker shock for many car buyers. The average rate is now $720 higher per year than it was in Q4 of 2022.

Insurance 52

Insurance Retail Finance Buyer 52

Spidersnet

NOVEMBER 29, 2024

As the consumer journey has changed, often with weeks spent online before even speaking with a dealer, so to must the practices of automotive dealers. The past few years have seen sweeping change in the way consumers shop for their big purchases, and in the automotive sector. WHY IS THE BUYER’S JOURNEY SO IMPORTANT?

Customer 52

Customer Retail Finance Dealerships 52