Auto Retail News

New vehicle inventory on auto dealer lots hit 3.14 million units in October, the second consecutive month new vehicle inventory jumped by 90,000 units (2.9 percent), according to the recently released ZeroSum‘s report for November. The “S

Used car prices are lower than they’ve been in years. Back in 2020, limited inventory supply couldn’t meet customer demand—and as a result, dealerships could charge higher prices and boost profit margins. But the tide has turned. Now, despite l

U.S. Sen.-elect Bernie Moreno (R-OH) recently outlined the objectives focused on the auto industry he will work on with President-elect Donald Trump and his administration to enact in the coming years. Among the subjects discussed in a recently publi

Sometimes it’s not the Star Wars cybersecurity failure that plague dealerships. One of the most prevalent of this is the ubiquitous Wi-Fi network not being configured properly, setting up hackers to exploit. If there is one cybersecurity measure th

October’s average transaction price (ATP) for a new vehicle was $48,623 as incentives to make a deal continue to grow, according to data released from Kelley Blue Book (KBB). The ATP rose $200 from September’s revised price and higher by 1.7 perc

Rivian and Volkswagen entered into a joint venture to create electric architecture and software for next-generation software defined vehicles. The company, Rivian and Volkswagen Group Technologies, has VW slated to invest up to $5.8 billion in Rivian

After four tough years, the automotive market is finally finding a better balance between demand and supply. At first, the COVID-19 pandemic had dealerships pulling back on marketing, unsure of what the future would hold. Then came the supply chain h

At  2:30 p.m. today, Covideo’s Margaret Henney and Shift Awake Group’s Jacqueline Jasionowski will host a webinar titled “Your Video MPI Playbook: Build Trust & Drive Revenue with Service Videos that Convert” at staging-digitaldealer

Corwin Automotive Busy Second Dealership in Colorado Springs Corwin Automotive Group has purchased another Colorado Springs dealership. The Fargo, N.D.-based dealership group has acquired Groove Honda, according to Pinnacle Mergers and Acquisitions,