Thursday, May 2, 2024
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DAILY NEWSCAST

FEATURED INTERVIEWS

INDUSTRY NEWS

4 ways to incorporate QR codes into your dealership marketing strategy

We are sure you've seen these little grids on posters or mail pieces. These are QR codes, and they are rather versatile and straightforward...
The number of trade-in consumers with negative equity increased in Q4 2023, underscoring the headwinds facing used vehicle buyers.

Negative equity sets new record in previous-quarter’s used vehicle market

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Negative equity in the used vehicle market grew in the final months of 2023, underscoring normalizing trends in the preowned segment. Edmunds noted high levels...
AI technologies shouldn’t be used as isolated systems. But instead, as an integral component of your fixed ops department’s overall approach.

Using AI to drive more fixed ops revenue

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The fixed ops department is the lifeblood of most dealerships. But this vital profit center continuously faces challenges from rising customer expectations, ever-changing vehicle...
From acquisitions to shifting consumer preferences, today's episode discusses the factors driving M&A activity with Ryan Kerrigan.

Ryan Kerrigan unveils global automotive M&A dynamics and EV realities

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From acquisitions to shifting consumer preferences, in today's episode of Inside Automotive, we're discussing factors driving M&A activity as highlighted in The Blue Sky...

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OEM, INDUSTRY & TECH NEWS

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RECENT SHOWS

4 ways to incorporate QR codes into your dealership marketing strategy

We are sure you've seen these little grids on posters or mail pieces. These are QR codes, and they are rather versatile and straightforward...

Negative equity sets new record in previous-quarter’s used vehicle market

Negative equity in the used vehicle market grew in the final months of 2023, underscoring normalizing trends in the preowned segment. Edmunds noted high levels...

Using AI to drive more fixed ops revenue

The fixed ops department is the lifeblood of most dealerships. But this vital profit center continuously faces challenges from rising customer expectations, ever-changing vehicle...

Ryan Kerrigan unveils global automotive M&A dynamics and EV realities

From acquisitions to shifting consumer preferences, in today's episode of Inside Automotive, we're discussing factors driving M&A activity as highlighted in The Blue Sky...

UAW Local 869 plans strike authorization vote over health and safety concerns at Stellantis Plants

UAW Local 869 has announced a critical strike authorization vote set for Monday. The vote will address health, safety, and contractor grievances at Stellantis'...

Ford University to boost employee engagement, fill knowledge gaps

Ford's new training platform, Ford University, aims to leverage artificial intelligence and modernized education practices to boost dealership employee knowledge and prepare the retail...

Aftermarket service shops see higher ratings in 2024

Customer satisfaction with aftermarket service providers improved this year, intensifying the rivalry between franchised dealers and third-party repair and maintenance shops. After tracking a rating...

Mercedes-Benz sticks to high prices amid quarterly profit decline

On April 30th, Mercedes-Benz announced that it would maintain the high prices of its luxury vehicles despite a decline in quarterly profits. The company...

Aftermarket service ratings rise, Ford University launch, UAW to vote on strike

Top Stories Customer satisfaction improves for aftermarket service providers. Read More New Ford education platform modernizes dealership training with AI, gamification. Read More Mercedes-Benz sees Q1 profits...

CarGurus’ Q1 2024 report: rebounding inventory and demand pose affordability questions – Kevin Roberts

According to the CarGurus' Q1 2024 Report, inventory and demand are rebounding, but where does that leave affordability? On today's episode of Inside Automotive, Kevin...

NHTSA finalizes life-saving automatic emergency braking rule

The National Highway Traffic Safety Administration (NHTSA) has finalized a rule requiring automatic emergency braking (AEB) systems in all new passenger cars and light...

Penske Automotive faces challenges in Q1 with 28% drop in net income

Penske Automotive Group, a prominent player in the automotive retail industry, recently reported a significant 28% decline in net income for the first quarter....