December, 2022

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Auto Dealership Buy/Sell Stays Hot with Yet Another Record in 2022

AutoDealer Today

According to Third Quarter 2022 Blue Sky ReportĀ® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages.

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Nissan Reveals Z GT4 Race Car

Crest Nissan

Explore Nissan Inventory Nissan has just announced releasing a new GT4 race car for competition in 2023. The new vehicle, developed by NISMO, has been tested in real matches and is now ready for international races. The GT4 category is becoming increasingly popular in motorsports, and Nissan is looking to capitalize on that with this new car. It is based on the popular Z coupe, which should make it a contender right out of the gate.

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Are Automotive Shortages Projected to Last Into 2023?

Automotive Mastermind

As another year closes and 2023 is upon us, now is a more important time than ever for dealers to take a close look at inventory analytics for the past year. As the industry-wide microchip shortage continues to progress, sales managers must take a deeper look at what that means for: Their business, Their salesmen and (Most importantly) Their customers Mastermind has a variety of insights for dealers to consider going into the new year that will maintain a positive purchasing experience for both

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Visit the DealerOn Booth at NADA!

DealerOn

Circle your wagons at our Texas-sized booth to say howdy and see our amazing suite of products at NADA! Everything’s bigger in Texas, including our booth, which is loaded with products that make your dealership shine bright. Circle your wagons at booth #5939 to say howdy! Learn More The post Visit the DealerOn Booth at NADA! appeared first on DealerOn.

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Auto Dealership Buy/Sell Stays Hot with Yet Another Record in 2022

F&I and Showroom

According to Third Quarter 2022 Blue Sky ReportĀ® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages.

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How To Sell Cars Using Social Media in 2023

Turbo Marketing Solutions

Pop the hood and rev up those engines because social media is turbocharging the car sales industry. Gone are the days when glossy brochures and billboard ads were the talk of the town. Now, if you aren't making some serious tire tracks on the digital highway, you might as well be driving a horse and buggy. Welcome to the high-speed, high-stakes world of selling cars in 2023, where the right tweet can be as powerful as a turbo engine, and a well-curated Instagram feed can outshine the glossiest s

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U.S. Energy Department Finalizes Loan for GM Battery Venture

AutoDealer Today

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.

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NADA 2023 Show Preview: EV News That Dealers Should Know

Automotive Mastermind

As consumer buying behaviors continue to evolve alongside the automotive industry, itā€™s important dealers keep a close eye on how car buyers are shopping today ā€” and what they may be shopping for tomorrow. Analyzing changing buying behaviors can provide deeper insight into how the future of the auto industry may look. This ranges from the way customers shop to the vehicles theyā€™re shopping for, which is a key advantage for forward thinking dealers.

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Stack Your Audience ā€“ Increase the Outcome!

ForceMarketing

Our two most effective programs – Recapture and DRIVE – work better together. By combining them, we’ve seen a 58.89% increase in efficiency. This is because audience stacking – the process of combining different audiences – allows you to reach a wider audience and deliver a more personalized and targeted marketing message.

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Black Book: Weekly Market Report

F&I and Showroom

Sales rates continue to be less than ideal, with many buyers exercising caution for fear of loading up on inventory that does not turn quickly, especially when values are experiencing heavy declines week after week.

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Engage Car Buyers With Custom Vehicle Ordering

DealerOn

If you don’t have the vehicle your customer wants, you could lose them to a competitor. In this edition of DealerOn University, we show you how to keep your customers engaged on your website, even if you don’t have the exact vehicle they are searching for. ā€œNecessity is the mother of inventionā€ has never been truer for the automotive industry.

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ZeroSum Dealersā€™ Market First Report: 2022 Automotive Inventory Trends That Matter in 2023

AutoDealer Today

From inventory and pricing trends to future predictions, this report provides everything auto dealers need to know to prepare for a successful year in 2023.

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Our Trip to the LA Auto Show

Jazel Auto

Marketing | 2min Read Our Trip to the LA Auto Show Don't forget to share this post! Share on facebook Share on google Share on twitter Share on linkedin This year, Jazel was fortunate enough to be able to attend the LA Auto Show in Los Angeles, California! With so many things to see and do, itā€™s truly a must-visit event for car enthusiasts, as well as those in the market for a new vehicle.

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5 Things You Can Do To Speed Up Your Deals

DealerTrack Insights

Compared to manual F&I processes that involve paper forms and pens, digital deals are lightning fast. But there are things you can do to help ensure that you get more of your deals done quickly. Ilan Dee, Dealertrack Director of Product Management says, ā€œEvery enhancement made to Dealertrackā€™s Digital Contracting is done with the recognition that dealers need time and speed on their side to handle transactions more efficiently.

Deal 52
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Mastering Price Objections on Sales Calls

Proactive Training Solutions

Mastering Price Objections on Sales Calls Susan Gaytan Dec 2, 2022 8:30 pm Facebook Twitter LinkedIn How to Turn Sales Objections into Sales Opportunities It’s no secret that price objections are one of the most common challenges we face on sales calls. Many buyers will want to negotiate the price right over the phone, while as sales professionals it’s our job to get them to the dealership first.

Sales 52
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U.S. Energy Department Finalizes Loan for GM Battery Venture

F&I and Showroom

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.

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Who We Are: Kyle Lawson, Quality Assurance Trainer

DealerOn

In this edition of our Who We Are series, we shine the spotlight on Quality Assurance Trainer, Kyle Lawson. Kyle and the rest of the Quality Assurance Trainers Team work tirelessly to ensure DealerOn provides top-notch customer service to our clients. Read on to learn more about Kyle and the crucial role his team plays at DealerOn. What team are. The post Who We Are: Kyle Lawson, Quality Assurance Trainer appeared first on DealerOn.

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Automaker Favors Varied Auto Lineup to All EVs

AutoDealer Today

Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively.

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How to Improve Customer Experience With Digital Retailing

Automotive Mastermind

As your dealershipā€™s engagement with prospects and customers is increasingly taking place online, how much thought have you given to the customer experience that takes place in your ā€œvirtual dealershipā€? According to S&P Global Mobility surveys, consumers want a more simplified and digital purchase process. This means that dealership customer service will occur online more often, creating new challenges and opportunities for dealers as they work to enhance the customer experience across thei

Retail 52
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2022 Dealers United Wrap Up

Dealers United

This is one of our favorite end-of-year traditions: the Wrap Up blog. Thank you for being a part of our year and enjoy seeing how we spent 2022!

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New Tesla Model 2: CEO Elon Musk reaffirms affordable, entry-level electric car will arrive in 2025

Auto Express

The baby Tesla, also referred to as as project ā€˜Redwoodā€™, is scheduled to enter production in the first half of 2025

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Desking in a Rising Rate Environment

F&I and Showroom

If a dealership is still buying Sharpies to complete paper Four Squares, you will probably find a higher percentage of packed payments or potentially discriminatory pricing.

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5 Great Vehicles That are Popular and Fuel-Efficient

Hertz Car Sales

With the cost of fuel these days and the price of just about everything else going up, people are looking for smart ways to trim their budgets. For most of us, simply driving less is not an option. However, the type of vehicle you drive can have a big impact on your monthly fuel costs. Driving a hybrid or electric vehicle can drastically cut your fuel budget, but beyond that, there's some great options if you're looking for a pre-owned vehicle that offers fuel-efficiency while fitting wi

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GM Announces New Chevy Bolt Recall

AutoDealer Today

GM has recalled 140,000 Chevrolet Bolt electric vehicles in North America over a potential fire risk when seat belt pretensioners deploy in a crash.

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How a CDP Can Boost Your Auto Dealershipā€™s Customer Communication

ForceMarketing

As an auto dealership, it’s important to have a comprehensive understanding of your customers and their needs in order to provide the best possible experience and drive sales. One effective way to do this is by utilizing a customer data platform (CDP) to manage and analyze customer data. Here are (3) key reasons why auto dealerships should consider using a CDP for customer communication and marketing.

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Redwood Materials to Build S.C. Battery Manufacturing and Recycling Facility

AutoDealer Today

The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.

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Shedding Light on the Current Auto Lending Picture

AutoDealer Today

Federal Credit Union executive talks higher interest rates, looming delinquencies, and other risks before auto lenders.

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Compliance Offering for Dealerships Released

AutoDealer Today

Reynolds and Reynolds/Proton Dealership IT offer tools for compliance, security ahead of FTC Safeguards Rule deadline.

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Faster Photo Uploads for Better Marketing

AutoDealer Today

Auto dealers report a desire to step up vehicle photography to compete with conglomerates like Vroom or Carvana.

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Security Ops Center Planned at Reynolds HQ

AutoDealer Today

State-of-the art facility to enhance Proton Dealership ITā€™s cyber threat monitoring and response services.

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State of the Automotive Finance Market: Q3 2022

AutoDealer Today

New Experian report finds average loan terms extend for new and used vehicle loans as interest rates rise.

Finance 130
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Stellantis to Shutter Illinois Plant Indefinitely

AutoDealer Today

The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.

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Black Book: Weekly Market Report

AutoDealer Today

With the holidays approaching, auction lanes are following the trend of past weeks of being slow.

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Is Your Dealership Ready for Training Curriculum Required Under the New FTC Safeguards Rule?

AutoDealer Today

There are significant challenges and hurdles approaching for dealers and their vendor partners.

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Honda Accord Touring Model to Include Android Automotive

AutoDealer Today

The automakerā€™s top of the line Touring model Accord will come with ā€œGoogle built-inā€ in 2023.

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Dealertrack Registration, Title Solutions Join Reynolds Program

AutoDealer Today

Streamlined, single-step registration and title process helps dealers finalize deals faster.

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Safeguards and the Service Drive

AutoDealer Today

Does the Safeguards Rule apply to the dealershipā€™s service drive? The short answer is ā€˜yesā€™.

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