COVID-19 Update: People Are Keeping their Cars Even Longer Now

By Desiree Homer New IHS Markit Data Says the Average Vehicle on the Road Is 12 Years Old Americans are keeping their personal cars longer these...

COVID-19 Update: How One Dealer’s Website Sold 400 Vehicles in 6 Days

By Desiree Homer This Dealer Group’s Fresh Approach to Online Sales Dealer owners continuously look for ideas and best practices, leveraged by others to help increase...

COVID-19 Update: AutoNation Is Opening 20+ Used-Only Stores

By Desiree Homer The used car market is like the wild, wild, west these days. Experts are offering varying pricing predictions, and dealers are purging...

COVID-19 Update: How One Dealer Focused on Mental Health

By Desiree Homer As a dealer owner, you recognize it’s your job to ensure the growth and development of your teams. You also know the...

COVID-19 Update: Beware of Fraud & Identity Theft in Light of the Pandemic

By Desiree Homer Sure, identity theft is always an important concern for anyone. But when the pandemic forced thousands of workers to conduct business remotely,...

COVID-19 Update: Hertz Is Going to Pay to Squash the Lender Battle about the...

By Desiree Homer When Will Those Hertz Rental Cars Be Hitting the Market? The Hertz Bankruptcy certainly put the industry on notice. When the economy shut...

FCA & Waymo Branching Out in the Self-Driving Partnership

By Desiree Homer There has been a host of industry developments regarding self-driving and hybrid technology expansions. Despite the halting of the economy due to...

COVID-19 Update: J.D. Power Announced the Most Loyal Brands

By Desiree Homer And It Reminds Dealers to Also Be Leveraging Internal Loyalty Programs Every year, J.D. Power & Associates names which auto brands are the...

COVID-19 Update: Uber Expands Again with Recent Acquisition

By Desiree Homer Rideshare giant, Uber, is in the news again with ongoing advancement and growth strategy. Last Thursday, Uber Technologies Inc. announced its acquisition...

COVID-19 Update: Digital Vendors Continue to Roll Out Dealer Solutions

By Desiree Homer Have You Upgraded Your Virtual Business Tools Yet? You may have already incorporated new software upgrades and digital tools for your dealership. For...

COVID-19 Update: Michigan Governor Warns of Potential Shutdowns

By Desiree Homer Dealers Should Be Prepared for Anything Right now, dealers are trying to navigate their operations through a volatile used car market and a...

COVID-19 Update: Self Driving Trucks Are Coming with Navistar & TuSimple

By Desiree Homer Navistar International Corp. recently announced a minority stake purchase in TuSimple and makes plans for the development of self-driving trucks. The future...

COVID-19 Update: Lucid Motors Announces Plans to Open 20 EV Stores

By Desiree Homer The EV Market Surges Forward with Growth Plans While dealerships everywhere are wrangling inventory imbalances, pandemic conditions, and social protesting, the furthest thing...

COVID-19 Update: Automakers Are Dropping Models from their Lineups

By Desiree Homer The Importance of Responding to Demand Automakers are making substantial changes to their lineups this year. Some are moving forward with plans for...

COVID-19 Update: One Dealer Offers Diversity Internships

By Desiree Homer Now Is the Time to Incorporate Diversity & Inclusion Measures Dealerships are looking internally at their process regarding diversity and inclusion. Some may...

COVID-19 Update: PPP Loans Are Still Available

By Desiree Homer Dealers Nationwide Have Tapped In & Saved Jobs Funds are still available and being offered through the Paycheck Protection Program for those dealers...

COVID-19 Update: Offering Loaners Cars as Community Wi-Fi

By Desiree Homer Dealers Help with e-Learning & Back to School The primary topic of discussion in the news seems to be about getting kids back...

COVID-19 Update: Staying Lean Through the End of the Year

By Desiree Homer Strengthening the Resiliency of Your Dealership in a Pandemic When dealers originally shuttered their showroom doors, no one knew for sure how long...

COVID-19 Update: Ford Halts Social Media Campaigns

By Desiree Homer And Joins a List of Brands Pulling Away from Facebook Social responsibility is just good business. And recently, Ford announced it would be...

COVID-19 Update: Shift Technologies Announces Reverse Merger Plans

By Desiree Homer The Online Used Vehicle Seller Positions for Growth in an Online Market The online seller of used vehicles, Shift Technologies, announced last Monday that...

COVID-19 Update: How Are Your Employees Doing Financially?

By Desiree Homer One Dealer Offers Interest-Free Loans to Internal Staff Affected by the Pandemic Your dealership is only as strong and reliable as the people...

COVID-19 Update: The Wholesale Market May be Overcorrecting

By Desiree Homer It’s no secret that April’s wholesale numbers were in the tank. There isn’t much of the industry that COVID-19 and the subsequent...

COVID-19 Update: Edmunds Predicting a June Drop in New Vehicle Sales

By Desiree Homer  And Warn of Troubled Waters Ahead, Despite Reopening Efforts It can be frustrating to routinely see data that reflects conflicting car-buying trends. Dealers...

COVID-19 Update: One Dealer Exploring Service Contracts

By Desiree Homer And Exploring New Responses to Pandemic Conditions Right now, dealers aren’t just trying to sell cars. They’re trying to sell peace of mind....

COVID-19 Update: Manheim Auctions & Carvana Team Up to Launch a Wholesale Platform

By Desiree Homer Last Thursday, Carvana announced a new partnership with Manheim Auctions in creating and launching a wholesale purchasing platform. CarvanaAccess.com couldn’t come at...

COVID-19 Update: One Dealer Sees Great Results with Facebook Ads

By Desiree Homer As dealers continue to carve out their advertising budgets in this new, post-COVID-19 environment, many are shifting to online channels. They’re venturing...

COVID-19 Update: Sonic Automotive, Inc. Sees Better than Expected Numbers

By Desiree Homer Is It a Sign of V-Shaped Recovery After All? Sonic Automotive Inc. offered an earnings update last week regarding the auto group’s financial...

COVID-19 Update: Strength on Your CPO Bench Now Is More Important Than Ever

By Desiree Homer Re-evaluating How You Market Your Certified Pre-Owned Inventory As we started off the month, new vehicle inventory numbers were in decline by nearly...

COVID-19 Update: Leasing Isn’t Rallying As Expected

By Desiree Homer Dealers nationwide are experiencing a welcomed and much-need rally of sales numbers as local economies reopen for business. While the sales transactions...

COVID-19 Update: Uber Announces 2Q Losses

By Desiree Homer ...And What It Means to Dealers Last week, the ride-sharing giant, Uber announced significant 2Q losses. Of course, most businesses within the automotive...