Dealerships are being bought and sold regularly nowadays, sometimes with one person acquiring or disposing of multiple rooftops in a single transaction. Well, a single individual now wants to purchase an entire automaker. Frank Rhodes, Jr. — the great-grandson of Walter Chrysler — said on Friday he has sent a proposal to Stellantis and CEO […] [Read More]

Managing inventory risk is not just about avoiding losses but also about optimizing profitability. For auto retailers, maintaining an ideal balance between supply and demand is critical. Too much inventory can lead to increased holding costs, while too little can result in missed sales opportunities. The latest Q2 inventory risk report sheds light on how […] [Read More]

The National Automobile Dealers Association, joined by 120 other organizations representing the auto industry including the National Auto Auction Association, consumer advocates and law enforcement, sent a letter on Thursday to congressional leaders urging passage of federal legislation to combat catalytic converter theft. The groups urged Congress to adopt an amendment to the annual National […] [Read More]

Brand loyalty is back. After three years of declines or zero growth, auto industry brand loyalty rates rose in the first half of 2024, according to S&P Global Mobility’s latest analysis of new vehicle registration data. The study showed the loyalty rate through June was 52.5%, up 1.9 percentage points from the first half of […] [Read More]

Plaza Auto Mall’s long tradition of supporting local education has reached another milestone. The Brooklyn, N.Y., dealership donated 2,000 backpacks filled with essential school supplies to students in the Brooklyn community in its annual backpack giveaway for 2024, which it said “reflects Plaza Auto Mall’s commitment to ensuring every child has the resources they need […] [Read More]

Mobile vehicle service technology platform Curbee is headed for the cloud, with help from Tekion, developer of a cloud-native platform serving the automotive retail ecosystem. This partnership will deliver Curbee’s B2B platform, which is designed to integrate directly into a dealership’s existing DMS, through Tekion’s Automotive Partner Cloud to improve efficiency. The companies said that […] [Read More]

With Labor Day weekend straight ahead, EFG Companies released an analysis of 10 years of online consumer vehicle inquiries for dealers across the nation. And many of the findings are not what used-car managers and salespeople want, including broken lines of communication, missed sales opportunities and surprising customer perceptions. EFG said its results, compiled through […] [Read More]

To conclude our series of Auto Remarketing Podcast episodes from Canada’s Used Car Week this summer, we sit down with Samee Khan and Abdullah Baig, who are the founders of Pam — an artificial intelligence-based service designed to improve the interaction between people and businesses (like automotive) and non-profits over the phone. Samee and Abdullah […] [Read More]

The decline continues – just a little more slowly. Canadian Black Book’s weekly Market Insights showed the Canadian wholesale used-vehicle market fell by 0.20% for the week ending Aug. 24, a bit less of than the 0.28% drop of the previous week. Cars segments’ values strengthened significantly, down 0.25% compared to the previous week’s 0.44% […] [Read More]

National Auto Auction Association president Eric Autenrieth is looking forward to the session on artificial intelligence at the upcoming 2024 World Remarketing Convention in Orlando, Fla. Autenrieth said his company, the Stanley-Autenrieth Auction Group, has not yet started using artificial intelligence in its operations. “But we have certainly investigated and have kept our eyes open to [Read More]