DriveCentric has partnered with FordDirect, a collaboration designed to enhance the way Ford and Lincoln dealers engage with customers though data insights and CRM technology. FordDirect is a joint marketing and advertising joint venture between Ford Motor Co. and its dealers that serves as the data hub connecting them. In that capacity, it collects data, […] [Read More]

ZT Automotive entered the Alabama market in a big way with the acquisition of four dealerships in the state from Florida-based Greenway Automotive. The purchase of the four Greenway of the Shoals stores in the Muscle Shoals area on the Tennessee River — Honda, Nissan and Chrysler Dodge Jeep Ram FIAT dealerships in Florence and […] [Read More]

Inventory management remains critical for auto retailers today in determining profitability, customer satisfaction, and operational efficiency. The traditional methods of inventory management, reliant on manual processes and intuition, are proving inadequate in the face of rapidly evolving consumer preferences, market fluctuations, and the complexities of the automotive industry. To thrive in this competitive landscape, auto […] [Read More]

Carvana is bolstering its inspection and reconditioning capacity and in its first quarter delivered its best financial results ever, company executives said during its quarterly earning call. CEO Ernie Garcia said Carvana’s inspection and reconditioning infrastructure in its first quarter that ended March 31, had the capacity to handle 1.3 million vehicles per year, which is over triple its current volume, and the ability to expand that reconditioning capacity to ... [Read More]

The Consumer Financial Protection Bureau gained a significant judicial victory this week involving a case about the constitutionality of the CFPB’s funding structure. In a 7-2 ruling, the Supreme Court said the bureau’s funding is constitutional, triggering an array of reactions from the regulator, industry associations and auto finance experts. After the decision, the CFPB […] [Read More]

Conecta Marketing Group founder and CEO Andres Huertas discussed two important topics for dealerships and finance companies following his appearance as one of the expert speakers at this year’s Auto Intel Summit+National Remarketing Conference. Along with recommendations to boost communications between stores and credit providers, Huertas also explained how dealers and lenders can avoid misunderstandings […] [Read More]

Automotive customer data platform Fullpath announced an application programming interface integration with Cox Automotive’s VinSolutions customer relationship management system. The companies said in a news release the two-way API integration will “mutually benefit dealer customers of both Fullpath and VinSolutions.” Fullpath — among this year’s Emerging 8 honorees — said the integration will allow for […] [Read More]

HopDrive, a provider of short-distance vehicle delivery solutions, has launched a partnership with Genesis Motor America to support the Genesis Service Valet reimbursement program for traditional pickup and delivery. The collaboration aims to provide “seamless and convenient” vehicle pickup and delivery services for U.S. Genesis customers. HopDrive specializes in on-demand vehicle delivery for dealerships, independent […] [Read More]

Subscriptions held by independent dealers can get them their favorite music, movies and now transportation for their incoming inventory. This week, Kinetic Advantage rolled out an enhancement to its floorplan financing for independent dealers. Dealers enrolled in the provider’s monthly subscription service — Kinetic+ — now can request transportation anywhere across the United States with […] [Read More]

The J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study released on Thursday confirmed what many dealerships probably suspected. Consumer demand for electric vehicles (EVs) is losing its juice. For the first time since the study’s inception in 2021, J.D. Power said new-vehicle buyer consideration has dropped from the previous year. This year’s study revealed […] [Read More]