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loyalty programs

How to use loyalty programs effectively at your car dealership

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In selling products, dealerships have an incredible opportunity to acquire new customers and retain existing ones. But, according to Polk, the sad truth is...
Asbury Automotive

Asbury Automotive Group adds eight more storefronts in Stevinson acquisition

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The M&A activity continues at a feverish pace in the automotive sector, and Asbury Automotive Group is making yet another acquisition. They’ve completed the...
collision center

Maximize revenue in the collision center with lean production practices

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Collision centers are typically viewed as a standalone business for car dealers that act as a supporting, customer service-oriented role. Their value is often...

J.D. Power’s Tyson Jominy shares his auto retail predictions for Q4

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In the third quarter, as record sales and consumer spending declined, we talked to Tyson Jominy, Vice President of Data and Analytics at J.D....
Carvana

Carvana shows growth but takes a financial loss on Q3 2021...

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Growing sales and great profit margins weren’t enough to push Carvana into the black through the third quarter of 2021. In the shareholder letter...
Group 1

Group 1 Buys Prime Automotive Dealerships in $880 Million-Dollar Deal

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As of Monday, September 13, 2021, Group 1 Automotive Inc. has committed to purchase Prime Automotive Group. The $880 million deal includes Prime’s 30...
vehicle supply

A new model coming for vehicle supply, AutoNation CEO Mike Jackson...

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The COVID-19 pandemic could be a watershed for carmakers who have typically kept hundreds of thousands of new vehicles at any given time. AutoNation...
ecommerce

Why eCommerce is here to stay post-pandemic

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In 2020 dealers across the country were forced to massively adapt the way they serve their customers. With the rise in safety measures, lockdowns,...
Q2 profit

Carmakers exceed expectations for Q2 profit in the US

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As anticipated, the first few days in August have second-quarter financial reports rolling in from carmakers. In large part, Q2 2021 has been one...
Dyke

Sonic Automotive Pres. Jeff Dyke discusses all-time record for quarterly revenue...

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 Sonic Automotive recently announced an all-time record quarterly revenue of $3.4 billion, that’s up 58.7% year-over-year. Plans for further expansion of EchoPark were also...