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In today’s fast-paced digital age, the automotive industry faces fierce competition, making it more challenging than ever for car dealerships to carve out a significant market share. Promoting your car dealership effectively becomes not just a strategy, but a necessity […] The post How to Promote a Car Dealership by Get My Auto appeared first on Get My Auto.
Engaging in conversation with our October Member of the Month, Berveleen Mashonga, Product Manager in Product Planning & Strategy at Hyundai Mobis. Why did you join the Women Automotive Network? When I first found the Women Automotive Network, I was and still am really excited. Before joining the network, I knew less than 5 women in automotive and I lacked inspiration.
When it comes to electric vehicles in the U.S., there’s Tesla and there’s everyone else. Experian’s Automotive Consumer Trends Report for the second quarter of 2023 confirms that fact with the finding that the automaker has four of the top five luxury EV models in terms of market share. At the top of the list is Tesla’s Model Y SUV, which dominates with 47.36% of the market.
Purchasing a used commercial van can be a wise choice if you’re just starting a new business and lack the funds to purchase a brand-new one. Modern automakers can produce incredibly robust commercial vans that can survive for decades thanks to improved manufacturing methods. This suggests that your money will be secure whether you buy something new or used.
It’s tough starting a new electric vehicle company these days, just ask Faraday Future or Lordstown Motors. But Rivian seemed like one of the good ones that might actually make it, as it’s been shipping its electric trucks out to customers for almost two years now. However, the company is still burning through cash at… Read more.
Filed under: Government/Legal , Car Buying , Used Car Buying , Auto Repair , Insurance , Ownership Continue reading What is a branded title? Everything you need to know What is a branded title? Everything you need to know originally appeared on Autoblog on Wed, 4 Oct 2023 15:36:00 EDT. Please see our terms for use of feeds.
In this installment of Auto Remarketing’s 40 Under 40 franchise, we feature the 2023 honorees in the “40 Under 40: Industry” program, which is sponsored by IAA and focuses on consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. Honorees will be recognized in the upcoming October issue of Auto Remarketing and at Used Car Week , which is being held Nov. 6-9 at the Westin Kierland Resort in Scottsdale, Ariz.
The Manheim Used Vehicle Value Index (MUVVI) stabilized to end the third quarter with a steady September, following a period of fluctuation with declines in the first half of the year and rebounding values in Q3. Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.0% in September from August. The Manheim … Continued The post Manheim Report: Used Vehicle Values Showing Balance After Steep Declines in Second Quarter appeared first on Cox Automotive In
The Manheim Used Vehicle Value Index (MUVVI) stabilized to end the third quarter with a steady September, following a period of fluctuation with declines in the first half of the year and rebounding values in Q3. Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.0% in September from August. The Manheim … Continued The post Manheim Report: Used Vehicle Values Showing Balance After Steep Declines in Second Quarter appeared first on Cox Automotive In
According to a recent report from Bloomberg , the number of people cycling to work in the U.S. is on the decline. The site found that despite millions being invested in cycling infrastructure across America, the number of people regularly riding to work has fallen by 75,000 compared with pre-pandemic levels. But when… Read more.
Heading into Q4, now is the prime time for dealers to look back at the year to analyze what happened – and prepare for what lies ahead. Understanding evolving buying behaviors and automotive sales trends is the key for proactive dealers to stay ahead. With Q4 2023 wrapping up, it’s a pivotal moment for dealerships to reflect on the projected trends, their performance metrics, and how the market dynamics have evolved over the years.
High vehicle prices and interest rates are delivering an economic one-two punch that is being felt throughout the used-vehicle ecosystem. Think consumer financing and monthly payments, dealership inventory and certified used vehicles, and residuals and repossessions. And they’re bound to be among the major discussion points during Used Car Week, set for Nov. 6-9 in Scottsdale, Ariz.
Thanks to rising interest rates , dealer markups , and a messed up supply chain , the cost of buying a car is through the roof. But have you ever considered what you might need to earn before signing up for a mammoth loan to finance a new car? Well, according to a new report, it’s actually more than the majority of… Read more.
Boost productivity and profits at your dealership with the guidance of a dedicated Performance Manager. Here are the top 10 ways to grow your business.
The wholesale used-vehicle market ended the third quarter with some stability, but the duration of that steadiness likely hinges on how the United Auto Workers strike unfolds. As one analyst put it, the used-car market has reached a “crossroads.” That’s the state of affairs illustrated by the monthly used-car price indices released this week by Black Book and Cox Automotive, respectively.
The public’s trust in self-driving cars has declined for the second year in a row, according to a study conducted by J.D. Power and MIT. The growing distrust applies to self-driving cars in general, including autonomous vehicles used by ride-hailing services , as well as autonomous driving systems such as Tesla’s… Read more.
Guest Post by Khrys Dorton My husband and I hit six dealerships in about six hours during inflation and an inventory shortage. This is my tale. For three years, I’ve been driving a basic Ford Fusion S. The Fusion was a necessity purchase, and to be honest, I never really cared for it. As a hobby, we’d periodically check around online to see if we could trade it or sell it for something we liked.
Year-to-date certified pre-owned sales crossed the 2 million-unit threshold in September and are up nearly 9% through three quarters of 2023, according to preliminary estimates from Motor Intelligence provided to Auto Remarketing. Based on data gathered from automakers and projected sales, the firm estimated Thursday there were. TO READ THE FULL STORY BECOME A MEMBER Login The post CPO sales climb 8.6% through three quarters; full-year forecast upgraded appeared first on Auto Remarketing.
A college kid swept up in a false online conspiracy theory involving neo-Nazis perpetuated by one of the most powerful people on Earth will have his day in court after filing a defamation suit against Tesla CEO Elon Musk. Read more.
Discover the superior performance of Dealer Authority's automotive Google Ads compared to industry averages. With higher click-through rates, cost-effective CPCs, and increased conversion rates, our digital automotive marketing expertise can drive tangible results for your dealership. Reach out today to harness the power of automotive Google Ads with Dealer Authority.
Sanford Marketing Group founder Jennifer Sanford shares more of her wisdom for successful B2B marketing campaigns and project management. Sanford offers advice on making the most of industry events during this episode of the Auto Remarketing Podcast. She also wrote commentaries addressing what to do while at trade shows , best practices for exhibit booths , and keys to successful follow-up campaigns.
By Scott Bleasdell Considering the various challenges over the past few years in the franchise automotive retailers, the ability to glean insights from customer interactions has become increasingly important to dealers. Customers who are stuck with their aging vehicle due to high interest rates or the continued new vehicle inventory shortage are looking for a trusted dealer to service their existing vehicle to keep it safe, reliable, and on the road.
A seemingly drunk New Jersey woman was fined after a viral video showed her verbally berating a group of German tourists on what seems to be an NJ Transit train bound for New York City. She could be heard telling them to “get the f**k out of our country.” While I agree there are far too many European tourists in NYC … Read more.
Whether you call it a micro-lease, a subscription, or long-term rental, flexible, turnkey vehicle access without any long-term commitment now dominates personal transportation in Europe. And developments suggest that a larger presence in U.S. dealerships will be coming soon. I was listening to a panel discussion with some very esteemed automotive economists recently, and in discussing the prospects of electric vehicle sales growth in the United States, a shocking, though true, fact was agreed to
By Scott Bleasdell Considering the various challenges over the past few years in the franchise automotive retailers, the ability to glean insights from customer interactions has become increasingly important to dealers. Customers who are stuck with their aging vehicle due to high interest rates or the continued new vehicle inventory shortage are looking for a trusted dealer to service their existing vehicle to keep it safe, reliable, and on the road.
Happy Monday! It’s October 2, 2023, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
Here Come The Nothing Heads written by Terry Lancaster narrated by Edoardo Ballerini published by the Coalition for Human Kindness An epic poem for children of all ages, Here Come The Nothing Heads tells the tale of Sneezy McSneezerson, Grouchy McGroucherson, and Fluffy McFlufferson who live in the fanciest pumpkin high atop Pumpkin Ridge until they are banished by town Elders because they can't get along with each other or anyone else.They must travel to Happy Hollow, home of the mysterious tri
Dealers, it seems, are shoring up used-car inventories on their lots in case the United Auto Workers strike is prolonged and they’re left empty-handed on the new-car side. According to the latest Intelligence Report from CarGurus , used-vehicle inventory at dealerships in September jumped 2.5% from August, though still down 3.8% year-over-year and 8.4% from pre-COVID levels.
This content is password protected. To view it please enter your password below: Password: The post Protected: New Business opportunities and a positive impact on the environment in the Claims Journey appeared first on Solera.
Someone has gone to the trouble printing signs instructing drivers of EVs with slower charging rates to not use fast chargers at Dallas-Fort Worth International Airport, and to drive to other chargers instead — at least, according to a post on Reddit. As a friend of the site is fond of asking, “Why are EV people like… Read more.
America’s cars are going gray — and not just because they’re getting older. The latest study of car colors from iSeeCars shows gray rising in popularity, passing silver for third in market share behind perennial favorites white and black. According to the study, which analyzed more than 10 million 1- to 5-year-old used cars sold in 2018 and 2023, gray has gained four percentage points in those five years, rising from 15.2% of the market to 19.2%. iSeeCars said silver had been third “for much of
This content is password protected. To view it please enter your password below: Password: The post Protected: Unlocking Hidden Potential: Scope 3 Emissions Measurement in the Claims Journey appeared first on Solera.
The Toyota Crown is an oddball of a sedan that more or less replaces the Avalon but comes with the increased ride height of a crossover. It’s an interesting decision from Toyota, but at the same time, we expect it will appeal to older drivers who have a hard time getting in and out of traditional sedans. It’s entirely… Read more.
The business of selling cars has changed. It’s all about working car sales internet leads today. It has changed quickly since the Internet became a part of our business. The showroom used to be flooded with potential buyers who had no idea what was happening. However, unless they have already […] The post Working Car Sales Internet Leads, Dos and Don’ts first appeared on Car Sales Professional.
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