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Industry News

Report shows EVs driven 20% less than gas-powered cars, resulting in higher cost per mile

According to a recent report by iSeeCars.com, gasoline-powered vehicles that are three years old are driven an average of 12,813 miles per year. In comparison, EVs are driven 20% less, or 10,256 miles per year. Standard hybrid vehicles drive 12,471 miles per year, 2.7% less than gas-powered vehicles, and plug-in hybrid cars drive 12,199 miles per year.  It's worth noting that hybrid cars cost less than gas-powered vehicles, while EVs represent the most expensive option due to their higher upfront cost and lower annual mileage. However, despite the lower cost of hybrids, hybrid owners use their vehicles almost as frequently...

Rivian gets millions in state incentives for Illinois factory expansion

Rivian Automotive announced this week that it has secured an $827 million incentive package from Illinois, intended to fund an expansion at its Normal...

Ford sales decline in April as hybrids display resilience

Ford revealed a 2.4% decline in U.S. sales for April, attributing the drop to reduced demand for F-Series trucks, Broncos, and other SUVs. Despite...

Toyota establishes U.S. hydrogen headquarters in Los Angeles

Toyota this week announced that it would establish a new North American hydrogen headquarters in its Los Angeles Research and Development (R&D) office.  According to...
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Diversifying your dealership technology tool kit – Eric Schlesinger | ActivEngage

On the latest episode of Kain & Co., host David Kain sits down with Eric Schlesinger, chief revenue officer at ActivEngage, to discuss how dealership...

How sales teams can boost their numbers in today’s market – Crissy Burton | Hubler Chevrolet

Recent data indicates that sales leads have decreased due to factors such as interest rates, vehicle prices, and inventory availability. This puts pressure on...

Jeff Wyler Automotive’s new online car buying experience is an industry first

New vehicle customers have been calling for a 100% online car buying experience in the for many years, citing the heightened convenience and speed...

How AI is driving transparency in the vehicle pricing process

In today’s dynamic market, vehicle pricing is everchanging with vehicle condition, location, color and even added features like heated seats impacting the price tag...

Managing stress and burnout in the fast-paced retail automotive industry

The automotive­ retail industry is a dynamic and ever-e­volving sector that poses unique challenges for its professionals. From continuous customer interactions to meeting sales...

Streamlining Title Acquisition: The Rise of E-Titling

In the fast-paced world of automotive sales, time equals money. Every minute spent on paperwork and administrative tasks is a minute taken away from...

How dealerships are improving the customer experience — Gary Barbera | Barbera’s Autoland

With the rapid onslaught of innovation, technological advancement, and shifts in consumer preferences, dealerships must work harder than ever to stay on top of...

Balancing growth to maximize dealership competitiveness — Jeff Dyke | Sonic Automotive

In 2023 Sonic Automotive, one of the nation’s largest automotive retailers, saw an all-time record annual revenue of $14.4 billion despite some challenges, like...

Hyundai-Amazon update puts dealers at the heart of online sales — Andy Wright | Vinart Dealerships

Last year, Amazon and Hyundai announced a new partnership that would see the automaker's vehicles sold on the e-commerce giant's platform. The reveal left...

Does America have a used EV problem – or opportunity?

In the US, there are two used cars on the road for every new one. Pre-owned auto sales is big business. Plummeting prices, soaring...

Depreciation study shows EVs lose value fastest – Karl Brauer | iSeecars

A study by iSeecars.com sheds insight on cars that lose the most value after just one year and those that retain the most value....

Why the used vehicle market is changing dealership inventory strategies — Seth Rosen | Subaru of Jacksonville

The used vehicle market is under close scrutiny as it adjusts to changing consumer preferences and evolving inventory levels. What can dealers expect from...

Service department analysis paralysis. how to make a decision and move forward

Service operations generate mountains of data associated with the performance of the department. Leaders can and do devote a lengthy amount of time and...

Mobile service startups transform car service, capturing dealership attention

A wave of innovative startups is challenging the status quo by offering mobile repairs and maintenance for cars just about anywhere. These disruptors have...

Simple strategies to attract and retain fixed-ops talent — Ryan Haskell | Jeff Wyler Automotive Family

Dealership fixed-ops departments require educated and well-trained employees to succeed, making the current technician shortage a devastating blow to long-term viability. Taking steps to...

Auditing your marketing process to elevate the customer experience — Glenn Pasch | PCG Digital

On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Glenn Pasch, auto marketing expert and CEO of PCG Digital, to discuss...

De-mistifying dealership defection rates — Eric DeMont | Urban Science

Defection rates deliver vital information to dealers, allowing them to identify how many customers took their business elsewhere while measuring the impact of retention...

Using data to get the most out of your digital marketing strategy — Colin Carrasquillo | Nielsen Automotive Group

Digital marketing has become a major component of automotive retail, serving to drive leads, strengthen branding, and broaden the scope of dealers' markets. However,...
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Educating the public on the strengths of franchised dealerships — Coulter McMahen | LADA

The Louisiana Automobile Dealers Association (LADA) plays a critical role in the state's retail automotive environment, working with legislators to preserve the franchise model...

How dealers are leading the charge on electrification — Mike Stanton | NADA

The National Automobile Dealers Association (NADA) has long been a pillar of support and guidance for auto dealers across the country. As the industry...

NADA appoints new senior advocacy staff members

The National Automobile Dealers Association (NADA) has declared several changes to its leadership team, including appointing an executive vice president for public policy. The...

Beyond Reach: How new car prices are leaving consumers behind

What if you could predict the future? Imagine if that prediction wasn't based on some crystal ball but rather on a keen observation of...

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...

What Tesla’s Q1 earnings say about the EV market — Lauren Fix | Car Coach Reports

On this episode of Inside Automotive, host Shyann Malone is joined by Lauren Fix, founder of Car Coach Reports, to discuss Tesla's first-quarter earnings report and...

automotiveMastermind integrates Mastermind technology with Tekion to enhance real-time insights for dealers

automotiveMastermind, a trusted data and technology provider in the automotive industry, integrated its Mastermind technology with Tekion, the innovator of the Automotive Retail Cloud...

The dos and don’ts of dealership M&A, for sellers — Sheldon Sandler | Bel Air Partners

The dealership M&A (mergers and acquisitions) sector has seen high levels of activity in recent years as the retail automotive industry has adjusted to...

Holman acquires Leith Automotive Group in its biggest retail acquisition yet

Holman, a leading global automotive services provider, has acquired Leith Automotive Group, headquartered in North Carolina. This marks Holman's biggest retail acquisition in its...

Take back control of your dealership’s auto loan process

On this episode of CBT Now, host Jim Fitzpatrick is joined by Steve Burke, CEO of Agora Data, and Becky Chernek, finance and insurance...

Digital Finance: Consumer Expectations and Today’s Digital Retail Reality

In last month’s article, “From the Fax Machine, to the future: Auto Finance Disruption Time is Here,” I revealed data that demonstrated how overdue...

How to integrate a seamless car buying experience — Yaron Rosen | Fuse Autotech

Dealers know that the key to higher sales and profitability is an unparalleled car buying experience. Unfortunately, with consumers now demanding more convenient processes...

How dealerships can win the talent war in fixed operations

In an industry as challenging and complex as fixed operations, attracting and retaining top-tier talent is not just a goal—it's a necessity. The landscape...

How proactive hiring can transform your dealership – Adam Robinson | Hireology

Are you struggling to fill roles at your dealership? If so, then you're not alone. According to a recent report by Hireology, most dealers...

Why you should revisit your talent acquisition process in 2024 — Adam Robinson | Hireology

Dealership methods of talent acquisition and retention have become increasingly outdated, not only in how retailers identify candidates but also in how they keep...

Want a better customer experience? Build a better work environment — Shep Hyken

Dealers know how crucial it is to provide an exceptional customer experience. But in pursuing high standards of service, many find themselves forgetting an...

Decoding the future of car buying with transparency – Katie the Car Lady

For over two decades, Katie the Car Lady has championed consumer rights, earning her reputation as a beacon of transparency and expertise in the...

Automotive brand loyalty winners fend off retention woes in 2023

Brand loyalty remains a critical factor in automotive marketing but has been declining for several years, making events such as S&P Global Mobility's Annual...
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