Acquiring dealerships can be nearly impossible due to high barriers to entry. How can autopreneurs overcome this hurdle? Two words: Private equity. Here's Jeff Lash's vision for the future of dealership acquisition.
According to Cox Automotive, phone calls account for 26 percent of car buyers’ initial contacts with auto dealerships, second only to walk-ins (at 49 percent), and those calls can be worth a lot of business.
Car buyers have evolved in recent years, and they know more than ever by the time they step into a dealerships. Logic dictates that car selling must change with these new trends. It helps to start learning what it is car buyers really want from a dealership in 2018.
It would appear that production hiccups have occurred in Tesla’s Fremont, California assembly line, where work on the company’s new Model 3 electric sedan has been temporarily shut down for the second time since late February.
KPA Services, LLC, a provider of solutions for risk management, including environmental health and safety (EHS) risk management, has acquired Louisiana-based Environmental Risk Management & Safety, Inc. (ERS).
Audi has announced it will recall approximately 1.2 million worldwide (342,000 in the U.S. and over 47,000 in Canada) of its newer-model cars and SUVs over a fault that could cause the vehicles’ electric coolant pumps to malfunction and cause a fire.
Earlier this week, Mercedes-Benz USA and Mercedes-Benz Financial Services USA LLC announced plans to launch Mercedes-Benz Collection, a luxury subscription service that will allow customers to switch in and out of vehicles depending on their “needs and lifestyles.”