Industry Trends

Tesla has been blazing new paths since it was founded by Elon Musk back in 2003. The manufacturer’s commitment to Electric Vehicles (EV) has revolutionized the market and forced legacy manufacturers such as General Motors (GM) and others to take notice. It is becoming...

As the nation goes through yet another winter freeze, the cooling effect seems to have also extended to the auto industry. Overall sales in February dropped 2.8 percent when compared to last year for a final total of 1.26 million. The month’s poor performance...

Consumer Reports (CR) has released its 2019 list of recommended vehicles, and Subaru has come out on top. The determination for the annual list is made after testing numerous features of vehicles including acceleration, safety, off-road ability, comfort, space, emissions, and so on. Genesis,...

Last week the Federal Reserve Bank of New York revealed that auto loan delinquencies rose significantly in the past year. According to their data, while the overall rates remain well below the historic heights of 2010 delinquencies, in 2018 over 7 million Americans were...

Punxsutawney Phil predicted an early spring on February 2nd, but as we head nearer to the end of the month, it looks like the new vehicle market could be headed for a more extended winter. So far 2019 hasn’t been kind to many. First, there...

Every dealer knows that as your vehicle assets depreciate, your profit margins begin to shrink. The two major causes of inventory depreciation? Age and holding costs. Joining Jim today is Brian Finkelmeyer, senior director of conquest at vAuto. Brian lends us his insight into...

Automotive dealerships and its dealers are the links to the automotive manufacturers and their consumers. If you have a true appreciation for cars, then it makes sense for you to work at a dealership. It allows you to be close to your passion, while...

Luxury brands are on the rise. According to MarketWatch, an increase in those belonging to the middle class has spawned new growth in the luxury car market. Increased demand for these higher-priced luxury vehicles comes thanks to increased purchasing power from the growing middle...

It’s becoming clearer and clearer that we’re at the start of an electric revolution. Fluctuating fuel prices increased environmental protection efforts, and new technology are all pointing toward a bright future for electric cars. It feels like every day there is yet another announcement...

There are many good reasons to show off Certified Pre-Owned (CPO) cars to your dealership’s customers. To start with, CPO vehicles have longer warranties and coverage than non-CPO used cars. They’re also generally in better condition than other used cars, given the thorough inspection...