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The countdown to the 2023 Women Automotive Summit, hosted by Women Automotive Network on 20th September, is now well underway, as the automotive industry gears up to celebrate diversity and share key insights from well-known industry leaders. Held at Forum am Schlosspark, Ludwigsburg, Germany, the highly anticipated Summit returns for its first in-person event since 2019.
For dealerships with high-line vehicles and other late-model inventory that have advanced driver-assistance systems (ADAS) features, a survey and report released on Thursday by global consulting firm AlixPartners put specific dollar figures on how much consumers value that equipment. According to the Society of Automotive Engineers (SAE), these features range from Level 1 such as collision warnings to Level 4/5 that include full control of steering, braking and emergency autonomous driving.
Immediate, Expert Triage Decisions @ FNOL Now “A Click Away” Accurate, timely claim decisions are paramount to reducing settlement times and expediting repairs. In fact, one recent case study reports that more than half of all total loss vehicles are sent to repair shops in error. Consider the additional time, hassle and extra costs of these missteps – not to mention the frustration levels experienced by all.
Filed under: Government/Legal , Green , Emissions , Auto Repair , Ownership , Parts and Accessories Continue reading What is a catalytic converter? And how can you protect yourself from theft? What is a catalytic converter? And how can you protect yourself from theft? originally appeared on Autoblog on Tue, 12 Sep 2023 12:37:00 EDT. Please see our terms for use of feeds.
ATLANTA, Sept. 15, 2023 — Cox Automotive announced today that Scott LeTourneau will become its new executive vice president and chief financial officer, effective September 19, 2023. LeTourneau has been with Cox since 2012 in various corporate development roles, most recently serving as senior vice president of corporate development for parent company Cox Enterprises.
Even with the looming threat of an autoworkers strike, rising interest rates and a shaky economy that might or might not be on the verge of a recession, car dealers should come out OK the rest of this year. That’s the reassuring message sent by Cox Automotive senior economist Charlie Chesbrough in “Charlie's Real-Time Quarterly Market Update,” a webinar presented last week by the American International Automobile Dealers Association.
There are many ways to promote your dealership online, and there is no escaping the fact that your dealership’s online presence is vital to attracting customers. But, it can be difficult to decide on a plan that is affordable and easy enough to allow you to focus on running your business. To make this easier, we’ve put together 5 ways to improve your dealership’s online presence that you might not have thought of. 1.
In the constantly changing automotive industry, the ability to adapt quickly has continually proven to be critical to a dealer’s success. Amid ongoing challenges surrounding affordability and diminished customer loyalty, rapid digitalization and changing consumer buying behaviors are offering dealers new opportunities to create future success.
In the constantly changing automotive industry, the ability to adapt quickly has continually proven to be critical to a dealer’s success. Amid ongoing challenges surrounding affordability and diminished customer loyalty, rapid digitalization and changing consumer buying behaviors are offering dealers new opportunities to create future success.
Marketing | 3min Read Straight talk about AI for Auto Dealers Don't forget to share this post! Share on facebook Share on google Share on twitter Share on linkedin Artificial Intelligence (AI) programs have captured a lot of attention over the past couple of years. We see AI being used across a spectrum of processes within automotive retail. A recent article in the September 4, 2023 edition of Automotive News described how General Motors is using AI within its OnStar platform to help resolve cer
Through eight months of 2023, certified pre-owned vehicle sales are beating prior-year figures by 8% as the segment remains a “bright spot” in the overall used-car landscape, according to a presentation Tuesday by Cox Automotive analysts. In fact, August was the strongest month for. TO READ THE FULL STORY BECOME A MEMBER Login The post CPO sales hit highest monthly total in more than 2 years appeared first on Auto Remarketing.
In a challenging financial landscape, the impact of rising interest rates on F&I (Finance and Insurance) departments of dealerships cannot be overstated. Recent data from the first quarter of 2023 paints a mixed picture for publicly traded dealership groups. As per automotive news report, four of the six major groups experienced a year-over-year decrease in […] The post Coping with Rising Interest Rates: Navigating the Impact of Monthly Payments on F&I Success appeared first on PR
Automotive industry experts from around the world gathered in Munich last week to attend the IAA Mobility exhibition. With themes ranging from supply chains and AI to autonomous driving, the event was underscored by Chinese OEM’s focus on EVs and competitive pricing. Here are some of the biggest takeaways from the event: Major presence from Chinese automakers The was a notable increase in Chinese companies at the event, with organisers estimating that the number of participants from China
When you find yourself in the market for a pre-owned vehicle, deciding where to purchase it can be quite a problem. Should you venture into Craigslist, navigating the world of private sellers, or opt for the more conventional route of visiting your local car dealership to peruse their selection? Indeed, whether the car you seek is fresh off the assembly line or has a few miles under its belt, this is a substantial investment, and securing a deal that promises long-term satisfaction is paramount.
UAW members started a labor strike early Friday morning at a trio of plants that make vehicles for Ford, General Motors and Stellantis. What’s going to happen to the market, especially for used vehicles? Here are the views from four expert sources. Previously, ADESA chief economist Tom Kontos told Auto Remarketing that should factory workers and automakers take significant time to reach a deal , “That will become more questionable if it becomes a situation where there’s a protracted strike.
In the quest to stay compliant, competitive, and profitable, dealerships are investing heavily in technology to increase efficiency. But technology alone won’t build a more efficient business. Your managers, frontline employees, sales staff, and back office rely on workflows, data, and training to make their day-to-day work faster and easier. Consumer buying habits continue to impact how technology aids every touchpoint along the way.
Unlike motor shows of past years, IAA Mobility has transformed into a ‘mobility event’ – showcasing everything from cars to electric bicycles and other travel solutions. Nonetheless, many OEMs presented new models and shared their strategic plans during the exhibition. With that in mind, here’s a quick overview of announcements made by key automakers at the show.
When you find yourself in the market for a pre-owned vehicle, deciding where to purchase it can be quite a problem. Should you venture into Craigslist, navigating the world of private sellers, or opt for the more conventional route of visiting your local car dealership to peruse their selection? Indeed, whether the car you seek is fresh off the assembly line or has a few miles under its belt, this is a substantial investment, and securing a deal that promises long-term satisfaction is paramount.
If you need a quick way to generate website traffic, look no further than PPC advertising. When utilized correctly, PPC advertising is one of the most effective marketing methods for getting your messaging out to potential customers. Learn how your dealership can take advantage of PPC Advertising in this edition of DealerOn University. The struggle to craft an effective marketing.
At a time when more of the shopping, buying, and relationship building is taking place online, dealers are taking stock of their digital technology portfolio. Cox Automotive forecasts that half of all car buyers will engage with at least one digital tool during the purchase process—which could mean more profitability for your car dealership business.
Summertime is a fun time for many. Most kids are out of school, adults take their vacations from work, and many families head out on road trips. This can lead to crowded roadways full of people driving to their summer destinations. The increased summer road traffic makes it the most hazardous time of year to drive. According to the National Safety Council , June through August see more vehicular accident deaths, on average, than any other three-month period of the year.
This might be a familiar scene in your dealership: your customers have just test-driven their dream car, checked all the cool features, and are living on cloud 9. Then, out come the piles of paperwork with the long-winded contract review and tedious signing process, which ruins the vibe and the positive feeling they had about your dealership. However, you can keep their excitement and your dealership CSI scores going strong by speeding up the process with the right digital solutions.
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