Auto Retail News

In today’s fast-paced automotive industry, car dealerships are under immense pressure to streamline operations, deliver exceptional customer experiences and stay ahead of the competition. The adoption of digital solutions offers a powerful way

Electric vehicle (EV) sales in the U.S. are expected to grow by 11 percent year-over-year in the third quarter, which would reach record highs for both volume and market share when final numbers are announced, according to new estimates from Kelley B

Understaffing is a significant issue for car dealerships, directly affecting sales and customer service quality. According to the National Automobile Dealers Association (NADA), the annual employee turnover rate at car dealerships has been over 46 pe

Lotlinx earlier this month announced a new Risk Report, offering a customized view of a dealer’s inventory carryover, markdown, and aged risk data. This free report offers insights that help dealers optimize their inventory strategy with a weekly a

We are often being asked to provide insight on the importance of F&I products and services, what they mean for the overall profitability of a dealership, and what impact they may have on the customer experience. I am going to discuss how extended

Despite the rise of direct-to-consumer (DTC) car sales, the modern dealer franchise model remains more cost effective, according to a study conducted by the consulting firm, Oliver Wyman.  The report, commissioned by the National Automobile Dealer

In today’s automotive market, consumers are facing severe affordability challenges when it comes to purchasing and maintaining vehicles. As car prices continue to rise and economic uncertainties persist, dealers must adapt their strategies to m

Last month, the Biden Administration moved to ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware. The U.S. Department of Commerce officials said the prohibitions on the so

The consumer car-buying journey has evolved, and dealerships need to evolve with it. Today, 69 percent of shoppers say they want to conduct more of the vehicle-buying process from home, particularly price negotiations and trade-in estimates. This pre