Auto Alert

DECEMBER 31, 2024

10 Fun and Effective Dealership Team Building Activities Running a successful car dealership relies heavily on the strength of your team. Dealership team-building activities can be excellent ways to foster these qualities. Dealership team-building activities can be excellent ways to foster these qualities.

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Motor Trader

FEBRUARY 5, 2025

Zopa Banks 2025 UK car dealerships survey has revealed dealer business priorities and the industrys key challenges. Tim Waterman, chief commercial officer at Zopa Bank, said: “Zopas 2025 UK car dealership survey captures a need to meet customers where they are online, offline and in between.

Banking 59

Banking Finance Dealerships Customer 59

Carscoops

JANUARY 6, 2025

Nissan is in a whole lot of financial trouble and is banking on a proposed merger with Honda and Mitsubishi to reverse its fortunes. Sales of the Murano also dropped by 38% to 19,316, but that can be partly attributed to the fact that the brand recently unveiled an all-new generation model that’ll arrive at dealerships this year.

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Sales Banking Management Dealerships 120

Dealers Edge

NOVEMBER 22, 2024

On Mobile Select "Play From Browser" Job Description: Controller/Accounting Manager Sometimes, the Controller in a dealership is irreverently referred to as a “bean counter.” Consider this model Job Description: Job Summary: The Controller/Accounting Manager is responsible for managing the financial operations of the dealership.

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Dealers Edge

JUNE 29, 2024

On Mobile Select "Play From Browser" In addition to keeping track of how the dealership records and reports financial transactions high on the list of Automotive Controller responsibilities is to make sure that the dealership has the cash to operate effectively and at the highest possible performance.

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Management Banking Dealerships Insurance 105

Dealer World

DECEMBER 19, 2024

In addition to being the 80 th franchise Kerrigan Advisors has sold in 2024, the completion of this transaction represents Kerrigan Advisors 54 th franchise sold in the Mid-Atlantic region and its 284 th dealership transaction since 2014. Kerrigan Advisors also is the co-author of NADAs Guide to Buying and Selling a Dealership.

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Sales Retail Banking Dealerships 88

Shawn Ryder

FEBRUARY 28, 2025

Hager City, Wisconsin, a charming community nestled along the banks of the Mississippi River, holds potential for car dealerships looking to thrive in today’s digital landscape. For any car dealership, understanding the local market dynamics is crucial.

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Canadian Auto Dealer

APRIL 22, 2024

AUTOVATE podcast host Cliff Banks recently discussed the booming rise of dealership mergers and acquisitions with James “JT” Taylor, Managing Director of Automotive for Truist Securities, during the launch of the podcast’s second season. To watch/listen to the full podcast, click here.

Banking 52

Banking Dealerships Finance Management 52

Shawn Ryder

JANUARY 21, 2025

One common question that arises among buyers is, “Why didn’t the dealership use my Chase Bank pre-approval?” ” If you’ve found yourself asking this after a trip to the dealership, its essential to understand the several factors at play. Reasons Why Your Pre-Approval May Not Have Been Used 1.

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Banking Finance Dealerships Dealer incentives 52

CarExpert

DECEMBER 17, 2024

per cent to under 36 per cent last year leaving the Japanese brand searching for a long-term, steady shareholder such as a bank or insurance group to provide financial stability. Honda moved to a fixed-price ‘agency’ sales model in mid-2021, where it took ownership of its dealership network. billion yen (~A$3bn) to 32.9

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Dealers Edge

JULY 27, 2024

Now he sees his name up on dealerships all over the place and his statement shows a health profit… but he felt like he had more cash money back in the day. “If You are not a bank, reduce “charge” accounts. The above is just a small excerpt for a more detailed DealersEdge Guide – Guide for Dealership Controllers and General Managers.

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Management Banking Dealerships Term 105

AutoDealer Today

AUGUST 7, 2024

It's wise to not take your dealership's banking relationships for granted.

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Banking Dealerships 130

Motor Trader

FEBRUARY 6, 2025

The Bank of England (BoE) has confirmed that interest rates will be cut to 4.5% Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), representing car and commercial retailers across the UK commented: The Bank of England has reduced interest rates further to 4.5%, following cuts in August and November last year.

Banking 52

Banking Insurance Retail Dealerships 52

Shawn Ryder

MARCH 6, 2025

In the vibrant community of Andersonville, Tennessee, car dealerships have a unique opportunity to thrive in the digital landscape. It is essential for dealerships in Andersonville, and surrounding areas, to leverage digital strategies to their advantage.

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Dealerships Marketing Banking ROI 52

Motor Trader

FEBRUARY 7, 2025

The Bank of England (BoE) has confirmed that interest rates will be cut to 4.5% Sue Robinson, chief executive of the National Franchised Dealers Association (NFDA), representing car and commercial retailers across the UK said:The Bank of England has reduced interest rates further to 4.5%, following cuts in August and November last year.

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Banking Retail Automotive Term 52

Canadian Auto Dealer

DECEMBER 26, 2024

This holiday season the AWIN Group of Dealerships collected over 6,151 pounds (or approximately 2,790 kilograms) of non-perishable food items for the Daily Bread Food Bank to help fight hunger in the Greater Toronto Area. In a news release the group said it had also contributed $10,000 to the organization.

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Banking Dealerships 52

Motor Trader

MARCH 13, 2025

In Dorset, the dealer will support Life Education Wessex, Bournemouth Food Bank, Dorset Mind, and Wild and Free Therapy. All charities are local to Hendy Groups car dealerships across Devon, Dorset, Wiltshire, Hampshire, West Sussex, East Sussex, Surrey and Kent.

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Banking Dealerships 59

Best Selling Cars Blog

APRIL 10, 2024

Pioneering, innovative, and forward-looking auto dealerships are leveraging Bitcoin as a modern exchange tool that is shunning tradition and carving a path for the future. The concept is continually gaining traction – dealerships in the US, UK and even farther afield in Asia are accepting Bitcoin payments.

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DealerTrack Insights

AUGUST 13, 2024

Things to think about: Have plans in place to safeguard your dealership against direct fraud loss and costly lender chargebacks as the result of fraud. New data breach disclosure requirement As of May 13, 2024, non-bank financial institutions have a new data breach disclosure requirement.

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CarExpert

JANUARY 9, 2024

In both cases, it’s not alleged there was a vulnerability at the carmaker or dealership’s end – rather, that the hackers exploited a vulnerability with buyers. “The dealership has subsequently provided the customer with support, going above and beyond despite no involvement in the incident.

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Best Selling Cars Blog

OCTOBER 1, 2024

Check with: – Banks : Traditional banks often offer competitive rates, especially if you have an established relationship with them. – Dealership financing : Dealerships offer financing through partner lenders, which is convenient but may come with higher interest rates than other options. Shop around!

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Dealer World

FEBRUARY 24, 2025

Transaction marks Kerrigan Advisors 286 th dealership sold, 21 st franchise sold in the Northeast region and 37 th Toyota franchise sold since inception. Sale of highest volume dealership in Greensburg, PA, underscores growing success of Pittsburgh market, where Toyota is the top volume import franchise.

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Carscoops

JANUARY 20, 2024

According to the authorities, the suspect in question, 24-year-old Fouad Kemal, initially acquired a Model X through the Tesla app, allegedly utilizing a fake ID and fabricated bank account details, and collected it from the Fayetteville dealership on December 12.

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Banking Dealerships 120

Carscoops

JANUARY 29, 2024

He reportedly stole and drove off in what appears to be a brand new 2024 BMW M2, crashing through the dealership and attempting a quick getaway. According to one of the dealership’s employees, Kilgus was sitting in the M2 when the engine started. However, his escape was short-lived as police apprehended him after a chase.

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Best Selling Cars Blog

MAY 13, 2024

Cryptocurrency: Transforming Automotive Finance In the past, automotive financing involved a bank, credit union or any other company that deals with loans for vehicle purchases. Several car dealerships and manufacturers now accept digital currencies as payment for vehicles.

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Finance Automotive Banking Deal 130

AutoSuccessOnline

APRIL 23, 2024

Just one wrong click or download from a malicious source can lead to a compromised or hacked device, which creates numerous problems including viruses and stolen private or confidential information such as social security numbers, bank account credentials, passwords and more.

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Dealer World

DECEMBER 10, 2024

The buy/sell market remained robust in the third quarter, hitting new records as the largest buyers leveraged their strong balance sheets and solid banking relationships to add further scale to their enterprise. The accelerating market share growth is due to the largest groups preference for higher-volume dealerships.

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Banking Dealerships Retail Marketing 89

Carscoops

FEBRUARY 24, 2024

While some of our youngest readers might have never learned what a bank check looks like, at least one Zoomer is aware of them. According to arrest documents, Connor James Litka, from Bloomington, Indiana, visited Blue Grass Motorsport, a Porsche dealership near Louisville, Kentucky, on Wednesday, February 21.

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Banking Dealerships 131

Shawn Ryder

JANUARY 19, 2025

As the calendar year draws to a close, car dealerships roll out an array of enticing discounts and promotions, aiming to lure in customers looking for the best deals. As dealerships aim to clear their lots of older inventory, they often offer substantial markdowns, trade-in incentives, and financing deals to attract buyers.

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Carscoops

MAY 12, 2024

A Chevrolet dealerships in Florida reportedly charges expensive junk fees on its inventory including new and used cars. The pair, along with a cameraman, take a look at the car early on before going into the dealership. In total, that means he’d be paying $66,470 to use his own bank. Terrible dealership.

Banking 125

Banking Dealerships Finance Customer 125

Shawn Ryder

FEBRUARY 7, 2024

This guide aims to provide comprehensive insights into selecting the right vehicle, understanding financing options, and effectively navigating dealership negotiations in 2024. Get Pre-Approved: Before visiting a dealership, secure financing pre-approval from banks or credit unions. Navigating Dealership Negotiations 1.

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Car Examer

DECEMBER 3, 2024

If you’ve ever financed a car through a dealership, there’s a chance you may have unknowingly paid more than you should have. What This Means for You If you financed a car through a dealership anytime between 2007 and 2021, this ruling could have some big implications: 1. What the recent court ruling means for you.

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Finance Customer Deal Banking 59

Carscoops

SEPTEMBER 25, 2024

Industry experts believe dealerships will continue to play an important role in the car buying process. They still haven’t set up a situation where the dealer can deal with multiple banks or work on trades, so I think more will come.” Amazon and Hyundai need to nail the customer experience to make the program a success.

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Carscoops

OCTOBER 20, 2024

An employee from a family-run dealership in Florida was convicted of carjacking a customer. In the world of car dealerships, payment disputes typically unfold with a few phone calls to the bank or a stack of paperwork behind closed doors, not in the streets with threats and guns.

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Motor Trader

AUGUST 19, 2024

During the year, the group, which has dealerships in Essex, Hertfordshire and Greater London, sold its freehold property in Bishop’s Stortford, reducing bank debt to below £20m. It also acquired a leasehold property to facilitate a vehicle preparation centre beside its existing dealership in Stevenage.

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Banking Manufacturing Dealerships Sales 105

Dealer World

MAY 22, 2024

Gosch Toyota dealership is located in the Hemet Auto Mall, a high-volume, non-luxury car market in California’s fastest growing region, the Inland Empire. In 1972, following the success we saw with our Ford dealership, we added Gosch Toyota to our group and over the years, we’ve created a long and successful relationship with Toyota. “In

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Dealer World

JUNE 11, 2024

Wolfchase is the #4 Buick GMC dealership in Tennessee, and Buick GMC Collierville is the #4 Buick GMC dealership in Memphis and #7 in Tennessee. It was a pleasure to work with him on this sale and identify the perfect buyer in Lithia for these powerhouse dealerships in the very attractive Tennessee market.”

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