AutoSuccess

MAY 21, 2024

Among the myriad of industries, car dealerships stand out for their keen adoption of innovative financial practices to sustain profitability. The Cost-Saving Potential For car dealerships, where transactions are typically high-value, the cost savings from adopting these strategies can be substantial.

Car Dealership 52

Car Dealership Finance Automotive Marketing Management 52

Jalopnik

JANUARY 10, 2024

Happy Wednesday! It’s January 10, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Read more.

Vehicle 66

Vehicle Automotive Car Dealership Finance 66

Auto Remarketing

SEPTEMBER 23, 2024

For car dealerships, this translates to websites that mirror the positive online shopping experience customers have elsewhere. A dealership’s website is the battleground for converting digital window shoppers into potential buyers. To succeed, traditional relationships must be supplemented with strong digital engagement.

Car Dealership 52

Car Dealership Finance Retail Car 52

Jalopnik

JULY 8, 2024

It seems like there’s almost never a time when a car dealership doesn’t do something wrong. From selling a car that a customer brought in for repair to taking a customer’s money and then making them go through hell to get it back, even simply doing what they’re in business to do can turn into fraud.

Insurance 54

Insurance Car Dealership Car IT 54

Auto Remarketing

NOVEMBER 2, 2023

Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles. In a traditional book value pricing method, auto remarketing dealerships list the base retail value on their website, leaving out factors such as mileage and vehicle condition.

Car Dealership 52

Car Dealership Used Cars Finance Auto Market 52

AutoSuccess

OCTOBER 22, 2024

Car buyers’ trust in dealers is a key indicator of how transparent they perceive the car-buying process — even with access to digital tools to complete key elements of their purchase. Using online soft credit pulls and pre-qualification, car buyers can enter a dealership with a sense of their pricing options.

Car 52

Car Finance Car Dealership Vehicle 52

Auto Remarketing

NOVEMBER 25, 2024

Independent car dealerships had to navigate a number of trends in 2024, from supply constraints to consumers reacting to new economic pressures. No matter what curveballs are around the corner, there are key strategies used-car dealers should consider to consistently boost profitability. Are your local buys aging out?

Car 52

Car Transportation Used Cars Finance 52

AutoSuccess

AUGUST 23, 2024

For car dealerships, this translates to websites that mirror the positive online shopping experience customers have elsewhere. A dealership’s website is the battleground for converting digital window shoppers into potential buyers. To succeed, traditional relationships must be supplemented with strong digital engagement.

Car Dealership 40

Car Dealership Finance Retail Car 40

AutoSuccess

JULY 9, 2024

While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the used car market and complicating dealerships’ ability to source inventory effectively. Emphasis on Buying Rather Than Selling In the automotive world, car dealerships and selling are often synonymous.

Used Cars 59

Used Cars Car Finance Car Dealership 59

Jalopnik

JULY 12, 2024

New vehicle dealer inventory once again climbed in June, with 2.96 million vehicles just sitting on lots. million vehicles a month earlier. It’s also a million more vehicles than where it was at the same time last year – 1.95 That works out to about a 76-day supply, and it’s up from 2.89 Read more.

Car 67

Car Vehicle Car Dealership IT 67

Jalopnik

MARCH 23, 2024

A sucker walks into a new car dealership every minute. Dealership showroom floors are practically delivery rooms for freshly-born suckers. There are shiny new cars on the floor, and rapacious young sales professionals just waiting to lure you into something you can’t afford , don’t need, or otherwise shouldn’t own.…

Car 37

Car Car Dealership Electric Vehicles Electric Cars 37

AutoSuccess

OCTOBER 4, 2024

So, what is the best tech to invest in to revitalize your dealership? Embracing Change In the past, car dealerships were often characterized by a high-energy sales environment dominated by face-to-face interactions. Before I answer that, let’s first discuss where there is room for improvement within the current system.

Finance 40

Finance Car Dealership Vehicle Car 40

Jalopnik

NOVEMBER 13, 2023

As it turns out, car dealers seem to know even less than buyers do when it comes to electric vehicles , and they don’t really seem too keen on learning about them. The Washington Post spoke with a number of customers who said dealers tried to redirect them to gas cars or gave them unclear or downright incorrect answers … Read more.

Electric Vehicles 72

Electric Vehicles Car Electricity Vehicle 72

Jalopnik

AUGUST 7, 2024

A Honda dealership in Bowie, Maryland is facing civil charges after it allegedly engaged in “unfair or deceptive trade practices at nearly every stage” of new vehicle sales , according to Maryland Attorney General Anthony Brown. Read more.

Vehicle 64

Vehicle Car Dealership IT Finance 64

Jalopnik

OCTOBER 20, 2023

Mercedes-Benz electric vehicles are spending nearly three months sitting on dealer lots. Data shows that it took Mercedes dealers an average of 82 days to sell the automaker’s battery-powered EQ models , according to Automotive News. Read more.

Electric Vehicles 62

Electric Vehicles Electricity Automotive Vehicle 62

Jalopnik

DECEMBER 14, 2023

New numbers about non-Tesla EV market share and how many dealerships are selling electric vehicles are showing just how much Tesla’s market edge has shrunk in the past few years, according to data compiled by iSeeCars.com. Read more.

Electric Vehicles 61

Electric Vehicles Electricity Vehicle Car Dealership 61

Jalopnik

AUGUST 9, 2024

Right now, electric vehicle sales are hitting a bit of a slowdown. Don’t get me wrong, the market is growing , but it’s not growing as fast as some may have predicted. We know automakers (for the most part) want to build EVs , and we know customers (for the most part) want to buy EVs, but what about the third party… Read more.

Electric Vehicles 56

Electric Vehicles Electricity Vehicle Car Dealership 56

Jalopnik

OCTOBER 25, 2023

The pre-owned car market is still in a weird place. Some segments like electric vehicles have some hefty savings , but most pre-owned cars are still selling for inflated prices. If you happen to come across a used car that seems too good to be true, make sure the dealer can answer these questions. Read more.

Used Cars 60

Used Cars Car Electric Vehicles Electricity 60

Jalopnik

JULY 18, 2024

A Florida dealership is in hot water after failing to deliver a vehicle that a customer purchased for over $200,000. Read more.

Vehicle 46

Vehicle Car Dealership Finance Car 46

Jalopnik

JULY 16, 2024

Good morning! It’s Tuesday, July 16, 2024, 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.

Automotive 59

Automotive Car Dealership Electric Vehicles Electric Cars 59

Jalopnik

DECEMBER 4, 2023

A lot of car dealers don’t have much interest in selling EVs ; some are politically opposed to the idea on its face, some just don’t want to make the massive investment their brands are demanding to update their stores to EV readiness and some are just philosophically opposed to learning anything about products and… Read more.

Manufacturing 67

Manufacturing Car Car Dealership Electric Vehicles 67

Jalopnik

JANUARY 9, 2024

The VinFast VF8 is a bad car , and with a base price of nearly $50,000, you can’t even make the argument that it doesn’t need to be fancy because it’s cheap. Despite that (and all the negative reviews that came from the press launch), VinFast decided to start selling its cars in the U.S. Or at least attempt to sell… Read more.

Car 58

Car Car Dealership IT Electric Vehicles 58

Jalopnik

JULY 17, 2024

A crew of car thieves hitting dealerships in the Detroit Metro Area made off with a pricy luxury car by blasting through the showroom window last week. The good news? The thieves are potentially down one member; a 14-year-old boy now in police custody. Read more.

Car 38

Car Car Dealership Finance Vehicle 38

Jalopnik

JULY 6, 2024

Fisker officially filed for bankruptcy last month, and despite a “going out of business” sale that saw prices of its Ocean EV slashed by thousands , the automaker still has a few thousand leftovers that didn’t sell. Fisker may have found a buyer for all those EVs and, as TechCrunch reports, it’s willing to let them go… Read more.

Electricity 34

Electricity Car Dealership Electric Vehicles IT 34

AutoSuccess

MARCH 12, 2024

KPA recently announced the results of its 2024 KPA Dealership Trust Survey conducted by The Harris Poll. The survey reveals that about one-third of Americans have experienced things like deceptive selling, hidden fees or dishonest salespeople at car dealerships. 76% don’t trust car dealerships to be honest about pricing.

Car Dealership 52

Car Dealership Finance Retail Car 52

Jalopnik

JANUARY 3, 2025

In 2024, car buyers got a very slight respite from the record-high car prices weve seen for almost half a decade now , and it seems like that trend will continue through 2025 thanks to dealers offering more and more cash on the hood of new cars.

Car 37

Car Car Dealership Electric Vehicles IT 37

Jalopnik

AUGUST 13, 2024

Good morning! It’s Tuesday, August 13, 2024, 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.

Automotive 59

Automotive Car Dealership Electric Vehicles Electric Cars 59