Sat.Jan 14, 2023 - Fri.Jan 20, 2023

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AutoFi and Santander Consumer USA Scale Innovative Self-Service Finance Solutions to Over 13K Dealers

AutoDealer Today

Bringing to market digital products that meaningfully improve the ability for consumers and dealers to interact with the lender and simplify the car buying experience.

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3 Ways to Maximize Dealership Marketing Efforts in 2023

Automotive Mastermind

As the new year begins, it is more important now than ever that automotive dealerships prioritize marketing efforts, even with limited inventory. With ongoing trends continuously shifting in the automotive space, it is imperative that marketing managers are able to craft marketing tactics, specific to the success of their dealership, that can successfully target their desired audiences.

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Mudd Advertising selected to compete in “Exhibitor Shark Tank” at NADA Show 2023

Mudd.com

Mudd Advertising, the leading full-service traditional and digital automotive marketing and advertising agency will be exhibiting at booth #1813 at the 2023 National Automobile Dealers Association (NADA) Show , January 26-29th and has been selected to compete in the first of its kind, “Exhibitor Pitch Competition.”  As a first-round finalist of the “Shark Tank”- like, NADA Pitch Competition, Patrick Dice, Agency Director at Mudd Advertising, will be taking the Live Stage at the Kay B

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Brian Twoomey, GM Airport Marina Honda: Who has the upper hand in a car sale these days, the customer or the dealer?

Dealership News

Sean Kelley I’ve seen so many of these online engagements take weeks. Just because okay, we text or email, we wait for the reply from the customer. And literally all of a sudden, you turn that into a five minute phone call, and then everything is sorted out and the customer makes a decision. So at the end of the day, it’s almost like maybe the customer isn’t always right.

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Demand Destruction a Concern for 2023

AutoDealer Today

Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down economy threaten auto sales.

Sales 130
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DOOR’s Payment Calculator

Jazel Auto

Marketing | 3min Read DOOR’s Payment Calculator Don't forget to share this post! Share on facebook Share on google Share on twitter Share on linkedin Jazel’s Dealer Online Order Request (DOOR) tool has many features that make customizing and requesting an order for the vehicle your customers want easy and transparent. Now, with the built-in payment calculator, the DOOR tool can give customers added peace of mind.

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Demand Destruction a Concern for 2023

F&I and Showroom

Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down economy threaten auto sales.

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More Trending

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Auto Leases Fell in 2022

AutoDealer Today

TransUnion research finds a lack of inventory and low interest rates turned consumers away from leasing new cars and trucks over an 11-month period.

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Chinese automotive brands are lagging in their digital presence

Auto Retail Network

Chinese car makers have begun to make their presence felt in Europe with a number of recent high-profile brand and vehicle launches. But what is the online presence of these new entrants, and what is the current state of their readiness and their digital capabilities? Brands launching new EV models into Europe understandably focus their… The post Chinese automotive brands are lagging in their digital presence first appeared on Auto Retail Network.

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Auto Leases Fell in 2022

F&I and Showroom

TransUnion research finds a lack of inventory and low interest rates turned consumers away from leasing new cars and trucks over an 11-month period.

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Rick Case Automotive Group CEO and Community Leader Rita Case Appointed to the Federal Reserve Bank of Atlanta’s Miami Branch Board of Directors

Dealership News

Miami (January 17, 2023) — The Federal Reserve Bank of Atlanta announced the appointment of Rita Case to the Miami Branch Board of Directors. Case was appointed by the Board of Governors for a three-year term beginning January 1, 2023 and ending December 31, 2025. “I am honored and privileged to join this exceptional group of business and community leaders,” Case said.

Banking 52
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Customers Less Satisfied with Buying Process in 2022

AutoDealer Today

New research from Cox Automotive shows consumer satisfaction with the car buying process declined in 2022 for the second consecutive year.

Customer 130
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Protecting Your Dealership’s Future: The Role of Cyber Resilience in Valuation

Dealership Valuations

By Laura Lemco and Hugo Cabello As a dealer, you may feel like the value of your dealership is out of your control, swayed by the whims of the economy and financial markets. But the truth is, there are internal factors that can have a powerful impact on your dealership’s value. These factors, if managed effectively, can mean the difference between a thriving business and one that struggles to stay afloat.

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Customers Less Satisfied with Buying Process in 2022

F&I and Showroom

New research from Cox Automotive shows consumer satisfaction with the car buying process declined in 2022 for the second consecutive year.

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New threat of penalties as HMRC ramps motor retailer VAT focus

Auto Retail Network

Over the past few months, we have witnessed a targeted VAT campaign by HMRC in the motor retail sector. HMRC is concerned about differences in the reported values of vehicle sales within the retailers’ dealer management system compared to third party finance proposal systems or e-invoicing portals. HMRC states that many businesses will be unaware… The post New threat of penalties as HMRC ramps motor retailer VAT focus first appeared on Auto Retail Network.

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Reynolds, Gubagoo to Launch Future of Retail Anywhere at NADA

AutoDealer Today

To showcase how customers can shop from chat to funded deal with no dealership calculation adjustments to match online quotes.

Retail 130
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Car depreciation explained: future residual values and how they’re calculated

Auto Express

What is car depreciation, how does it work and what can you do to minimise it on your car?

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Reynolds, Gubagoo to Launch Future of Retail Anywhere at NADA

F&I and Showroom

To showcase how customers can shop from chat to funded deal with no dealership calculation adjustments to match online quotes.

Retail 52
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UK will be an outlier for used car performance through 2023

Auto Retail Network

The losses month on month in the sales-volume index in the UK in December made the domestic market an anomaly in the wider European figures, with other markets seeing gains. In addition, across these wider European markets, used-car prices continue to outpace list-price developments. Accordingly, RVs of three-year-old used cars, represented as a retained percentage… The post UK will be an outlier for used car performance through 2023 first appeared on Auto Retail Network.

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Tesla Leads in Profit Per EV

AutoDealer Today

Tesla has built a commanding lead over most major rivals in profit per vehicle, according to Reuters research.

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Black Book: Weekly Market Report

AutoDealer Today

With two weeks of the new year now behind us, the trends that we ended 2022 with are continuing into 2023.

Marketing 130
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Carvana Lays Off More Workers

AutoDealer Today

Cost-saving moves also include reduced hours as it tries to keep up with debt payments.

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Auto Market Experiences Ups and Downs

AutoDealer Today

Cox’s Auto Market Weekly Summary for January 13 shared both positives and negatives.

Marketing 130
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Car Financing Costs Will Keep Rising This Year

AutoDealer Today

Interest rates will continue climb, eating into inventory improvements’ effect.

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Hacking Exercise Reveals Vulnerabilities of High-Tech Cars

AutoDealer Today

‘White-hat’ experts access customer data, even remote control of some models.

Customer 130
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GM Appeals Stellantis Case to Supreme Court

AutoDealer Today

Takes to highest court the racketeering lawsuit it filed in 2019.

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More Auto Consumers Opting for Longer Loan Terms

AutoDealer Today

Rate grows as borrowers try to lower monthly payments.

Term 130
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New ProfitTime GPS Features Introduced

AutoDealer Today

VAuto tools meant to enhance pricing, sourcing

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Tesla Leads in Profit Per EV

F&I and Showroom

Tesla has built a commanding lead over most major rivals in profit per vehicle, according to Reuters research.

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Black Book: Weekly Market Report

F&I and Showroom

With two weeks of the new year now behind us, the trends that we ended 2022 with are continuing into 2023.

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Retailers can’t let customer service standards slip during a tough 2023

Auto Retail Network

Those organisations which allow customer service standards to drop will feel the impact on the bottom line – not always immediately, but inevitably and significantly in the longer term. This is the key message from Jo Causon, CEO of the Institute of Customer Service, which has produced ROI research showing that organisations consistently earning higher… The post Retailers can’t let customer service standards slip during a tough 2023 first appeared on Auto Retail Network.

Retail 40
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Auto Market Experiences Ups and Downs

F&I and Showroom

Cox’s Auto Market Weekly Summary for January 13 shared both positives and negatives.

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Car Financing Costs Will Keep Rising This Year

F&I and Showroom

Interest rates will continue climb, eating into inventory improvements’ effect.

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Hacking Exercise Reveals Vulnerabilities of High-Tech Cars

F&I and Showroom

‘White-hat’ experts access customer data, even remote control of some models.

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More Auto Consumers Opting for Longer Loan Terms

F&I and Showroom

Rate grows as borrowers try to lower monthly payments.

Term 52