Lithia & Driveway has added another country to its footprint. The retailer announced last week it has expanded to the United Kingdom with the purchase of Jardine Motors Group, which operates more than 50 premium luxury dealerships in the UK. “The acquisition of Jardine Motors Group represents a significant new chapter in Lithia’s progress and […] [Read More]

You probably weren’t the only one if you scratched your head after reviewing February service-drive data generated at your franchised dealership. The latest Cox Automotive analysis of Xtime metrics showed that service activity decreased and service revenue increased month-over-month in February at U.S. franchised dealerships. Analysts said in an online report released on Monday that […] [Read More]

To a consumer, the dealer is directly responsible for the price of a vehicle being too high: “The dealer is trying to make too much money off of me!” As a dealer, you can’t afford to get mad at them, after all, they only know what they hear: “Dealers are charging over sticker price! Dealers […] [Read More]

New research by Bain & Company indicated companies across industries are underutilizing automation capabilities and underestimating the challenge of transitioning workers to jobs of the future. Survey findings included within a recent Bain report also showed that workforce augmentation across industries has reduced costs by as much as 30%. Automation, artificial intelligence and the rise […] [Read More]

On Monday, Point Predictive announced Jeff Hendren as its chief revenue officer. The San Diego-based company that provides artificial intelligence solutions for lenders, banks and fintech companies said Hendren will be responsible for generating revenue growth, overseeing the sales and marketing teams and expanding the company’s national presence. With more than a decade of experience […] [Read More]

New analysis and research from Cox Automotive and GfK AutoMobility showed how potentially out of reach taking delivery of a new vehicle might be for consumers with subprime credit and/or lower income. New-vehicle affordability improved again in February following modest improvement in January, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. But new research […] [Read More]

Wholesale vehicle prices have started March on the strong side — at least sequentially. Though softer than year-ago levels, values in the first half of the month were up 1.8% from February when adjusted for mix, mileage and seasonality, according to Cox Automotive’s mid-month reading of its Manheim Used Vehicle Value Index. The index, which […] [Read More]

Space Auto recently rolled out what it called the “ultimate” social media how-to guide for BMW dealers. The provider of an integrated software and marketing solution for dealerships highlighted that its BMW Dealership Social Media Playbook offers expert tips on how dealerships can grow their digital presence, including proven steps for using TikTok and Instagram […] [Read More]

Dealers already might have been going to a nearby 7-Eleven to put some gas in a vehicle before a test drive or to fill the tank just before final delivery. Well now, dealers soon can go to 7-Eleven to make sure their electric vehicles are set to go, too. On Thursday, the company announced 7Charge, […] [Read More]

Carmigo, which is an online car marketplace that connects dealerships with private car sellers, has hired former ACV and A2Z Sync executive Susan O’Rourke as its head of sales and development. In this role, O’Rourke will work to expand the company’s network of dealers and wholesale partners, who will be able to sell their vehicles […] [Read More]