The auto dealership buy/sell market rose to another record high in the first nine months of 2024, according to the Third Quarter 2024 Blue Sky Report by Kerrigan Advisors. With 330 dealership transactions representing 544 franchises sold — a 93% increase compared to pre-pandemic 2019 — the company said the market velocity was fueled by […] [Read More]

It has been a banner rebound year for auto auctions: the market is having its strongest year for wholesale sales volume since before the COVID-19 pandemic. That’s according to the latest AuctionNet data from the National Auto Auction Association, which indicates there were 6.25 million wholesale auction sales in the first 11 months of 2024. […] [Read More]

Auto dealers who add mobile service to their offerings are winning 92% of lost customers back to their service departments, according to data from mobile service technology provider Curbee. In a news release, Curbee said mobile service is a powerful tool for dealers to retain and regain customers by literally meeting them where they are. […] [Read More]

Odometer fraud is on the rise. Data from CARFAX showed more than 2.14 million cars on the road might have had their odometer rolled back in 2024, 82,000 more than last year and up 18% since 2021. The number of vehicles with rolled-back odometers rose this year in nine of the 10 states with the […] [Read More]

While CDK Global recently renewed relationships with Holman in the U.S. as well as with AutoCanada, the technology provider is facing another lawsuit. On Tuesday, Tekion said it filed a federal antitrust lawsuit against CDK Global, accusing the company of engaging in a systematic scheme to thwart competition in the franchised dealer management system market. […] [Read More]

Canadians seem to be feeling squeezed by economic pressures when it comes to their vehicles. AutoTrader’s year-end data on the most searched for and most sold vehicles on its platform shows Canadian consumers choosing vehicles that prioritize affordability, reliability and utility over luxury and aspirational vehicles. With vehicle inventory on the AutoTrader marketplace reaching record […] [Read More]

Being boring is the kiss of death in advertising. Consumers are exposed to far too many ads to pay attention to something boring. Some say consumers are exposed to 5,000 ads per day. That makes it tough to get attention, keep attention, and get someone to take action. Here are some tips to improve each […] [Read More]

It might very well be the case that a 97-year-old consumer is applying for financing to take delivery of a $97,000 luxury SUV. Or it could be someone with illegal intentions trying to take advantage of that elderly individual. Last week, five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial […] [Read More]

Super Dispatch has a new CEO. The transportation management platform said Tuesday that founder Bek Abdullayev has moved into the role of executive chairman of the board of directors and replacing him as CEO is Matt Bradley. Bradley was most recently the CEO of Cloudsnap, following his time as chief strategy officer of Rackspace. Abdullayev […] [Read More]

The Greater New York Automobile Dealers Association wants people to know how important car dealerships are to the metropolitan area’s economy. GNYADA’s 2024 Economic Impact Report highlights “the significant and often overlooked” contributions of Metro New York’s franchise car and truck dealerships, including their role in creating jobs, generating tax revenue and supporting local communities […] [Read More]