Solera

OCTOBER 15, 2024

Introduction In the fast-paced world of automotive retail, independent dealerships often face stiff competition from larger counterparts. While it may seem like a David vs. Goliath scenario, there are strategic approaches that indie dealerships can employ not only to survive but thrive in the market.

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AutoSuccess

SEPTEMBER 30, 2024

1 Given this shift and the variables that exist in today’s retail automotive market, one truth remains: a dealer’s bottom line. These playbooks are focused on the nuance and market trends of retail automotive and specifically tailored to assist in sales tactics and align with dealer profitability.

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Auto Remarketing

JANUARY 29, 2024

That includes a “normal seasonal trend” when it comes to depreciation in the wholesale vehicle market, along with “modest growth trajectory” in the new-car segment, Black Book said in a report Monday. The industry will undergo a gentle yet positive trajectory in both the new and used segments.”

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AutoSuccess

JANUARY 6, 2025

This first-ever live-streamed event will explore the urgent challenges impacting the industry, from evolving customer expectations to the digital transformation of automotive retail, and the increase in DTC models. I’m excited for the insights our panelists will share and the conversations this event will spark.”

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AutoSuccess

APRIL 25, 2024

“This investment from Runway Growth Capital is a testament to our team’s hard work and dedication, as well as the innovative solutions we’ve brought to the automotive market,” said Tim O’Toole, chief financial officer of CarNow.

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AutoSuccess

JANUARY 16, 2025

The National Automobile Dealers Association (NADA) Show, which will be held in New Orleans in January 2025, is one of the most impactful events in the automotive retail sector. For instance, with the rise of electric vehicles and digital retailing, dealers can identify products and services that align with these shifts.

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Tire Review Magazine

JANUARY 15, 2024

In this expanded role, the Alliance said Schaus will focus on member sales efforts including national service retail chain accounts and the Auto Value, Bumper to Bumper and Confidence Plus Certified Service Centers (CSC) program. The Aftermarket Auto Parts Alliance promoted Kendall Schaus to field sales manager, effective Jan.

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Tire Review Magazine

JANUARY 15, 2024

In this expanded role, the Alliance said Schaus will focus on member sales efforts including national service retail chain accounts and the Auto Value, Bumper to Bumper and Confidence Plus Certified Service Centers (CSC) program. The Aftermarket Auto Parts Alliance promoted Kendall Schaus to field sales manager, effective Jan.

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AutoSuccess

JULY 12, 2024

DriveCentric , which combines augmented intelligence with automotive sales expertise, announced a significant enhancement to its platform thanks to its innovative collaboration with VINCUE. VINCUE provides a modern end-to-end inventory lifecycle solution for retail automotive dealerships.

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Auto Remarketing

SEPTEMBER 20, 2024

That trend has also driven down retail prices, which have dropped 4.9% We’re heading toward a more predictable automotive market as available supply, and now the Federal Reserve’s recent interest rate cut, offers more consumers a reason to come off the sidelines and purchase.” year-over-year to an average of $28,871.

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AutoSuccess

FEBRUARY 13, 2024

The automotive marketing and technology vendors are not all made equal, and there are really good solutions in the mix that you can’t hope to stay current on if you don’t get firsthand exposure. My stronger endorsement would be for small automotive conferences.

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Auto Remarketing

MAY 17, 2024

Inventory management remains critical for auto retailers today in determining profitability, customer satisfaction, and operational efficiency. Smart retailers are turning to advanced inventory risk management technologies and reporting that give them never-seen-before insight and visibility at the vin-level of their inventory levels.

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AutoSuccess

JUNE 14, 2024

“Teaming up with Northwood University is a fantastic way to not only assist in promising automotive careers with a tremendous learning institution, but to also celebrate someone who has put decades of hard work into the retail industry,” stated Chris Wise, vice president of Randy Wise Automotive Group.

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AutoSuccess

MARCH 19, 2024

Streaming is not only here to stay, it’s how most people across the globe consume media, which is why it is absolutely imperative that marketers adapt to this cultural shift. EMG’s Streaming Automotive Summit is customized for brands and agencies that specialize in retail automotive.

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AutoSuccess

NOVEMBER 10, 2023

Developing students who will go on to positively impact the automotive industry is something the company strives to do whenever it can.

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Auto Remarketing

MAY 7, 2024

“By leveraging our new Vincensus quarterly and monthly reports and staying informed on the trends shaping inventory, pricing and markdowns, auto retailers can swiftly adapt and make informed decisions.

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AutoSuccess

OCTOBER 27, 2023

They agreed to leverage the Dealer 20 Group model to create a vendor version that could improve support of retail automotive customers. Over the next five months, they contacted several trusted industry leaders to become founding members of V20.

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AutoSuccess

MAY 9, 2024

. “By leveraging our new Vincensus quarterly and monthly reports and staying informed on the trends shaping inventory, pricing and markdowns, auto retailers can swiftly adapt and make informed decisions. ” Click here to download the inaugural Q1 Vincensus Report.

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AutoSuccess

OCTOBER 25, 2024

Lotlinx ’s Q3 Quarterly Vincensus Report, which offers insights into the current state of the automotive retail market for both new and used vehicles, inventory risk, vehicle sales, consumer preferences and markdown/pricing strategies, is now available. Click here to access the full Q3 Quarterly Vincensus Report.

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AutoSuccess

MAY 21, 2024

Looking Ahead The automotive retail sector is undergoing a transformation, with dealerships adopting more transparent and financially sustainable business models. In doing so, they are not only enhancing their competitiveness but also paving the way for a more consumer-friendly automotive market.

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Auto Remarketing

OCTOBER 29, 2024

By leveraging advanced analytics, dealers can anticipate market shifts, optimize their inventory mix, and implement dynamic pricing strategies that respond to real-time market conditions.” The post Lotlinx: Q3 shows high day supply, largely aging vehicle inventory appeared first on Auto Remarketing.

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AutoSuccess

AUGUST 20, 2024

As we continue to navigate the shifting landscape in auto retail, one thing has become crystal clear: the days of cost-cutting have ended. In December, I wrote about how to make wise cuts to your marketing as the market retracted, and that was the right move then. What does the data show? Hold The Door!

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Auto Remarketing

JUNE 12, 2024

In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.

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AutoSuccess

FEBRUARY 20, 2024

The effective utilization of data is essential for driving successful automotive marketing strategies and fostering strong customer engagement. However, many dealerships encounter a significant challenge: their marketing campaigns often fall short due to disorganized and incomplete customer data.

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AutoSuccess

JANUARY 29, 2024

With higher supply and lower prices, new-vehicle sales in 2024 are expected to gain over 2023, but market growth will be constrained, with an increase of less than 2% expected and the market new-vehicle market reaching sales of 15.6 In 2024, the used-vehicle market is expected to grow by less than 1%. million sales.

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Auto Remarketing

MARCH 28, 2024

The automotive market has seen incredible change within the last few years, with pricing and inventory levels in flux, EVs becoming more mainstream, and more paths to purchase — especially online — available for shoppers,” CarGurus director of product marketing Alison Ciummei said in a news release. “As

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