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What does the future hold for automotive retail? Part 1

Canadian Auto Dealer

Current geopolitical challenges and mandates aside, automotive retail is constantly evolving, and is impacted by many factors. We may not have a crystal ball that lets us see the future of automotive retail, but we can gain valuable insights from the people that live and breathe it every day. We identified six key trends.

Retail 52
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Peoples Group reports drop in turnover and pre-tax profits

Motor Trader

He said: “I am a director of the Retail Automotive Alliance and we know from some of the discussions there that dealers are not doing the numbers that they had anticipated.” Chairman Brian Gilda has said seeing figures down is disappointing but not surprising as a similar pattern is being seen across the industry.

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Kerrigan Advisors Represents Jim Price Auto Group in Sale of Chevrolet Dealership

Dealer World

Jim Price Auto Group’s 50 years of auto retail success, their reputation for superlative service, the power of the Chevrolet brand and the dealership’s prime real estate made it a very attractive acquisition that generated strong interest from buyers. To access The Kerrigan Index™, click here.

Sales 94
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COMMENTARY: 9 places where dealers can find cost savings & margin preservation

Auto Remarketing

As one dealer principal told me while I was gathering facts and information for this article: “When we are going through a phase with margin compression like we are now — we look at EVERY expense to see, where we can reduce or cut costs.” The other side of the scale — or the equation — is costs.

Retail 98
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Vehicle pricing ‘huge’ issue with new auto tariffs

Canadian Auto Dealer

As for the more global image of Canadian retail sales, the auto sector experienced continued growth in key parts of the market. For example, new vehicle dealers saw retail sales jump 3.7% And used vehicle dealers saw retail sales increase 2.2%. increase in retail sales for 2024 to $15.4 compared to 2023, up to $174.0

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Shawn Leibold Selected to Fill STAR Board of Directors Seat

AutoSuccessOnline

The Reynolds and Reynolds company announced Shawn Leibold, director of industry relations for Reynolds, was selected in a special election to fill a vacant seat on the board of directors for the Standards for Technology in Automotive Retail (STAR), the leading automotive IT standards organization.

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Reynolds’ Shawn Leibold fills vacant seat on STAR board

Canadian Auto Dealer

Shawn Leibold, Director of Industry Relations for Reynolds and Reynolds, was recently selected by the company to fill a vacant seat on the board of directors for the Standards for Technology in Automotive Retail (STAR). STAR is an automotive information technology standards organization.