Carfluent, a provider of artificial intelligence-driven software to create bilingual vehicle listings for dealerships, has introduced a bilingual car-shopping assistant named Tory. Tory is designed to enhance the shopping experience of Spanish-speaking customers, making it faster and more intuitive. The company said it simplifies vehicle discovery and acts as an entry point to Carfluent’s comprehensive […] [Read More]
Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 is a conversation with Casey Ivins of the Costco Auto Program, who connected with Cherokee Media Group’s Joe Overby at the J.D. Power Auto Summit to talk about the used-car market trends he is watching this year, how the Costco Auto […] [Read More]
Rick Case Automotive Group president and CEO Rita Case joined company staff members as volunteers in a program to provide new shoes for children at the Rick & Rita Case Boys & Girls Club of Broward County in Davie, Fla. Rep. Jared Moskowitz (D-Fla.) and his family were also among the volunteers who helped more […] [Read More]
DAS Technology made its pitch at the NADA Show 2024 — and closed the deal. The consumer engagement technology company was the grand prize winner of the NADA Show’s second annual Exhibitor Pitch Competition, a Shark Tank-inspired competition among vendors at the event held earlier this month in Las Vegas. Fifty vendors submitted audio entries […] [Read More]
Ciocca Automotive boosted its already considerable presence in Pennsylvania with the acquisition of Apple Automotive Group from The Stewart Companies. The deal includes Apple’s 10 franchised dealerships in York County, Pa., representing BMW, Ford, Chevrolet, Chrysler-Dodge-Jeep-Ram, Honda, Nissan and Subaru, as well as two used vehicle stores and six collision centers. Haig Partners, which represented […] [Read More]
New-vehicle prices are still well above the old normal, but a new study by automotive data platform iSeeCars.com showed that while manufacturers suggested retail prices continue to soar, selling prices are holding steadier. According to iSeeCars’ analysis of more than 16 million new-car sales between January 2023 and January 2024, the average MSRP of a […] [Read More]
Toyota has joined the ranks of automakers that broadened their certified used-vehicle brand to include older, higher-mileage vehicles that do not qualify under the companies’ traditional CPO programs.
The new Toyota Certified Used Vehicle Silver extends Toyota’s factory-backed certification and warranty coverage to vehicles up to 10 model years old that have 60,000 to 125,000 miles on their odometers.
Additionally, these vehicles are covered by ... [Read More]
AutoManager Holdings Group, a provider of software and tech-enabled services for dealerships, has retooled its executive leadership team, beginning with a new CEO. Jake Morley has now taken the reins for AutoManager after previously serving almost 10 years with Frazer Computing, the largest DMS for independent auto dealers, where he was responsible for sales, marketing […] [Read More]
Group 1 Automotive made a big move to expand its holdings in the Baltimore-Washington market with the acquisition of Maryland-based RRR Automotive Group. The sale includes five new-car dealerships representing Toyota, Honda, Hyundai and Kia, as well as a Toyota certified pre-owned center and three collision centers. Group 1 said the Honda stores included in […] [Read More]
Following his press conference at NADA Show 2024, which will be a part of an upcoming episode of the Auto Remarketing Podcast, Cherokee Media Group tracked down Patrick Manzi.
The chief economist for the National Automobile Dealers Association gave his views on three topics — used-car retailing, implications of negative equity and prospects for an active service drive at franchised dealerships.
Without mentioning specific metrics, Manzi said retail sales of used vehicles ... [Read More]