The car buying landscape is continually evolving, driven by changing consumer behaviors and technological advancements. Understanding these shifts allows dealerships to improve their ability to meet and anticipate customer preferences, enhancing their service and sales strategies. This article explores modern customer car shopping habits and offers valuable tips for navigating the evolving automotive industry. From […]

As another auto manufacture plans to sell their electric vehicles in a direct to consumer model, the National Automobile Dealers Association (NADA) plan to challenge any attempts to bypass franchised dealers. At the CES 2025 Expo earlier this month, the joint venture from Sony and Honda announced plans to bypass U.S. auto dealers to sell its first […]

Auto retailers are facing substantial challenges in adopting artificial intelligence (AI) and predictive data technologies, underscoring a critical gap in the industry’s ability to effectively utilize advanced technologies that could enhance operational efficiency and profitability according to a recent study commissioned by Lotlinx. Lotlinx, a VIN-specific data company for dealership inventory management, surveyed more than […]

NXP Semiconductors new wireless battery management system (BMS) solution with Ultra-Wideband (UWB) capabilities helps solve complex manufacturing processes The product is projected to accelerate the adoption of electric vehicles NXP Semiconductors N.V. has unveiled an industry-first wireless battery management system (BMS) solution with Ultra-Wideband (UWB) capabilities from one of the industry’s broadest UWB portfolios. Company […]

For the fourth consecutive month, new-vehicle prices climbed higher in December 2024, just falling short of all-time high mark in December 2022. Kelley Blue Book reported on Jan. 15 that the average transaction prices (ATPs) for new-vehicles were $49,740, an increase of 1.3 percent year over year and higher by 1.5 percent compared to November 2024.  Analysts noted […]

Cox Automotive analysts are optimistic about the U.S. auto market as 2025 as retail sales were particularly strong at year-end. Kelley Blue Book reported new-vehicle sales in 2024 finished near 16.0 million, an increase of just over two percent from 2023 and the best year for volume since the pandemic as nearly every automaker posted […]

As we reflect on the 2024 automotive landscape, it’s clear that dealerships faced a year of significant challenges and transformations, particularly in finance and insurance (F&I). The persistent affordability issue dominated discussions and forced dealers to adapt their approaches to meet evolving consumer needs in an increasingly complex market. Affordability Defined 2024 The affordability issue […]

While most dealers believe franchise values will either increase or remain the same over the next 12 months, the newly released 2024 Kerrigan Dealer Survey found certain franchises saw a sharp decline in valuation expectations due to an oversupply of new vehicle inventory and a significant decline in franchise profitability. Dealers expect Lexus, Toyota, Honda, […]

The Federal Trade Commission and the office of the Maryland Attorney General filed charges against a Maryland based auto group with systematically deceiving and overcharging car-buying consumers for years, costing them millions of dollars in junk fees and unwanted add-on products. The complaint against the Lindsay Automotive Group alleges it advertised prices it refused to honor […]