U.S. consumers’ interest in buying an electric vehicle has dropped in 2024, according to the latest research by EY — the first time that has happened since the survey began in 2020. The EY Mobility Consumer Index, a global survey of 19,000 consumers from 28 countries, found 34% of Americans said they intend to purchase […] [Read More]

Many folks work remotely nowadays, and now ConditionReports.com has its version, too. This week, the provider of vehicle condition reports and inspection solutions announced the launch of Remote Inspect. This service can enable remarketing professionals to obtain “accurate and cost-effective vehicle condition reports in minutes,” bypassing the need for traditional in-person inspections. Remote Inspect guides […] [Read More]

Buckeye Dealership Consulting reinforced its management team again this week, hiring a chief operating officer and new business development manager. Coming aboard as COO of the provider of reinsurable products for dealers and finance companies is James O’Connell, who will work with the CEO and executive team to serve Buckeye’s growing customer base. “Jim has […] [Read More]

Dealers make deals every day, but this one in the buy-here, pay-here segment is more than just stretching a nickel or two on a trade. Byrider announced on Thursday that an investor group of Byrider franchisees has acquired the assets of Byrider Franchising from Altamont Capital Partners. The group then started a new, franchisor-only entity […] [Read More]

Eric Fifield might not officially be a coach, but the chief revenue officer of EFG Companies offered a bit of pep talk for dealerships stemming from research that showed major missteps when handling online consumer vehicle inquiries. Fifield reviewed the project findings and how dealerships can learn from these discoveries during this episode of the […] [Read More]

There might be a lot of callback activity between dealerships and finance companies nowadays since the Dealertrack Credit Availability Index has declined for five months in a row. Cox Automotive reported this week that the index came in at 92.5 in August, which is 0.5% lower than the July reading. The index also is down […] [Read More]

AutoCanada’s quest to return to financial stability has begun. The Edmonton-based dealership group said Wednesday it has sold two of its Stellantis stores in Alberta – Ponoka Chrysler Dodge Jeep Ram in Ponoka and Airdrie Chrysler Dodge Jeep Ram on Airdrie – in a move that “aligns with the company’s commitment to improve profitability and […] [Read More]

AutoLeap, a cloud-based auto repair management software provider, announced an integration with wholesale OEM replacement parts distributor Worldpac speedDIAL, providing access to Worldpac’s catalog through AutoLeap’s shop management software. The integration allows AutoLeap users to search for and order parts from Worldpac and import the data directly to the repair order, enabling users to place […] [Read More]

The potential tug of war between the new-car and used-car departments might be surfacing not only in the showroom, but also the auction lane, too. Black Book described the current situation in its newest installment of Market Insights distributed on Tuesday. “There is a noted trend of an increasing presence of 2024 model-year vehicles in […] [Read More]

An Alabama dealership took a day this week to show it cares. On Tuesday, Howard Bentley Buick GMC in Albertville, Ala., joined with United Way of Marshall County in its Day of Caring for the fifth consecutive year. The communitywide initiative connects volunteers and resources with local agencies and schools needing support. Howard Bentley Buick […] [Read More]