Tire Review Magazine

DECEMBER 11, 2024

Indianapolis-based Best-One of Indy has transformed what could be routine vehicle service into an experience that puts people first, whether those people are customers walking through the door or technicians working in the bay. In 2019, Best-One of Indys expansion efforts led it to Columbus, Indiana, where it acquired Frank Anderson Tire.

IT 96

IT Retail Customer Service Management 96

AutoSuccess

APRIL 14, 2025

In 2019, Google introduced its BERT model its next-generation machine learning for Google Search. If you want to rank on Google or be cited in the very small number of auto-retail conversations on ChatGPT, you’ll have to get there the same way you did before.

Automotive 45

Automotive Retail Technical Consulting 45

Jalopnik

JULY 13, 2025

In 2024, Subaru sold 667,725 vehicles, while Honda sold 1,291,490, and Toyota sold 1,986,954. Today, were examining the effectiveness of these ads, how Subaru demonstrates its dedication to animals, and why its vehicles are appealing to pet owners. Not a small gain for Mazda, but not on par with Subarus remarkable rise.

Transportation 52

Transportation Vehicle Entertainment Car 52

AutoSuccess

MAY 6, 2025

based on 2024 new vehicle sales volume. Dealership Achieves Unprecedented Growth Car Pros Honda El Monte joined Car Pros Automotive Group in 2019. 4 retail automaker in America thanks in no small part to our incredible dealer partners who build lifelong relationships with our customers. 1 in new Kia retail sales nationwide.

Car 52

Car Retail Customer Service Automotive 52

AutoSuccess

FEBRUARY 11, 2025

1 in new Kia retail sales in the nation. 6 spot for sales of new MINI vehicles nationally for 2024 and the no. 22 retail sales volume Honda dealer in the nation. Power Dealer of Excellence Program (SM), which recognizes a select number of vehicle dealerships throughoutthe U.S.that provide exceptional customer service.

Customer Service 52

Customer Service Car Retail Automotive 52

Auto Remarketing

MARCH 31, 2025

The report showed last year was the fourth-busiest in auto retail M&A history, with 510 rooftops changing hands. million in 2024, down 14% from the previous year but 122% more than the last pre-COVID year of 2019. million roughly doubling that of 2019. auto retail sector.

Retail 52

Retail Vehicle IT 52

Auto Service World

OCTOBER 17, 2024

Traditionally, many gas stations are affiliated with retail store chains, which enables owners to both sell fuel and attract customers to diversify their revenue stream. The joint gas station and convenience store business model could also be adopted to EV charging stations,” Zheng said.

Electric Vehicles 274

Electric Vehicles Retail Electricity Vehicle 274

Auto Remarketing

NOVEMBER 14, 2023

When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. drop in used vehicle prices compared to the typical 0.7% decrease observed from 2015-2019.”

Used Cars 111

Used Cars Retail Car Vehicle 111

autoevolution

MAY 13, 2024

Offered for 2019 exclusively, the C7-generation ZR1 is the most powerful series-production Corvette of them all. Just under 3,000 retail units were produced, split between 2,441 coupes and 512 convertibles. Chassis number 1G1Y53D97K5802607 is one of those cars, and with 965 miles (1,553 kilometers) on th. continue reading. )

Retail 96

Retail Vehicle Car 96

Auto Remarketing

JULY 30, 2024

Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get cars financed and retailed. As July comes to a close, the depreciation rate is stabilizing.

Vehicle 105

Vehicle Retail Finance Used Cars 105

Auto Remarketing

OCTOBER 10, 2024

September in the wholesale vehicle market was a departure from the earlier summer months, as cooler temperatures brought lower prices. Cox Automotive’s Manheim Used Vehicle Value Index for September came in at 203.0, Meanwhile, Black Book’s seasonally adjusted Used Vehicle Retention Index came in at 146.3 which was down 0.5%

Vehicle 98

Vehicle Retail Automotive IT 98

autoevolution

DECEMBER 6, 2023

Sergio Marchionne famously said that Fiat Chrysler Automobiles lost a staggering $14,000 every time someone bought one, which is a staggering amount of money for a pint-sized electric vehicle that used to retail at $32,500. continue reading. )

Automobile 93

Automobile Retail Electric Vehicles Electricity 93

Auto Remarketing

MARCH 11, 2024

The retail used-car market, including the certified pre-owned segment, showed some real strength last month, improving from both year-ago and January figures. Citing data from its vAuto business unit, Cox Automotive estimated that used-vehicle retail sales in February climbed 18% month-over-month and 5% year-over-year.

Used Cars 116

Used Cars Car Retail Automobile 116

AutoSuccess

JANUARY 18, 2024

RouteOne has introduced RouteOne On-Demand, a suite of API services that power enterprise-level digital retailing solutions. The post RouteOne Introduces On-Demand Digital Retailing Solutions appeared first on AutoSuccessOnline.

Retail 52

Retail Finance Utilities Automotive 52

Auto Remarketing

SEPTEMBER 6, 2024

The CarGurus Used Vehicle Demand Index, based on monthly vehicle departures per dealer with 100 equaling the level in November 2019, came in at 118.1, Our Vehicle Demand Index speaks to the growing consumer need for affordability,” he explained. year-over-year increase. So where are prices going? Up, of course.

Used Cars 98

Used Cars Car Retail Vehicle 98

Auto Remarketing

MAY 15, 2024

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. What could be most beneficial for dealerships of all stripes is getting a boost of older, more affordable vehicles. The return of holdout buyers should help bolster the supply of more affordable, older used vehicles.

Used Cars 105

Used Cars Car Retail Vehicle 105

Auto Remarketing

JULY 17, 2024

According to Black Book’s tracking, dealers are buying more vehicles at auction nowadays, but they’re also needing almost two additional weeks to get those cars retailed. Meanwhile, analysts said the estimated used retail days to turn is rising and is now at 50 days. What have those trends done to wholesale prices?

Retail 52

Retail Trucking Car Vehicle 52

Auto Remarketing

OCTOBER 22, 2024

And Cox Automotive reported last week that overall new-vehicle days’ supply stood at 81 at the start of October, just one day more than the 80 days analysts noticed October 2019. Well, Black Book said on Tuesday that the estimated used retail days to turn is now at roughly 57 days.

Trucking 98

Trucking Retail Automotive Used Cars 98

AutoSuccess

FEBRUARY 14, 2025

The auto finance and retail industries continued to embrace the adoption of digital documentation and back-office strategies toward the end of 2024. In 2024, new-car and light-truck sales reached 16 million vehicles, marking a 2.5% increase from 2023 and the highest level since 2019. auto market. A strong finish in Q4, with a 7.1%

Retail 40

Retail Finance Auto Market Management 40

Auto Remarketing

FEBRUARY 26, 2024

million new retail vehicle registrations in the U.S. during 2023 to determine the results, said both retail sales and loyalty were up year-over-year. Steady increases in inventory levels yielded a positive impact to industry loyalty levels for the first time since 2019, according to the company’s analysis.

Automotive 98

Automotive Utilities Retail Manufacturing 98

Auto Remarketing

JANUARY 9, 2024

Though still well above pre-pandemic levels, wholesale vehicle prices closed 2023 with a larger than expected (or typical) decline, capping a two-year run of downhill movement. Cox Automotive’s Manheim Used Vehicle Value Index fell 7.0% Black Book’s Used Vehicle Retention Index closed the year by dropping 10.9%

Vehicle 52

Vehicle Automotive Retail IT 52

AutoSuccess

MARCH 28, 2024

A 2022 Bureau of Labor Statistics report reminds us that from the 2007 to 2009 recession — and through the onset of the pandemic in 2019 — “car and truck dealerships faced an economic shock and compressed profit margins on new vehicles.” A 10-day reconditioning average equals a $500 holding cost against sale margin.

Used Cars 93

Used Cars Management Retail Vehicle 93

Auto Remarketing

OCTOBER 20, 2023

Several market dynamics are currently in motion creating an opportune moment to buy wholesale used vehicles. However, there are a few things you should know to have a better chance of success when it comes to sourcing and managing your used vehicle inventory. However, retail values are up approximately 10% year-over-year.

Used Cars 52

Used Cars Management Car Retail 52

AutoSuccess

JULY 31, 2024

Automotive OEMs are generally optimistic about the health of the automotive industry over the next 12 months, with the vast majority expecting new vehicle sales to increase or remain the same versus 2023, according to the just-released 2024 Kerrigan OEM Survey. We are in the midst of auto retail’s great normalization.

Retail 52

Retail Vehicle Automotive Electric Vehicles 52

Auto Remarketing

SEPTEMBER 3, 2024

dealership buy-sells with some 500 stores sold, which he said would be 49% higher than the average number from 2016-2019. “We We are leaving a period in auto retail in which conditions were almost too good to be true,” Alan Haig said. Today, gross profits on new vehicles are declining and expenses have risen. “In

Retail 59

Retail Vehicle IT 59

Auto Remarketing

MARCH 27, 2024

The Q4 Haig Report , which tracks trends in auto retail and their impacts on dealership values, showed 528 dealerships changed hands in 2023 — the third-highest annual volume on record, but down from a record 707 in 2021 and 566 in 2022. Haig expects public retailers to continue aggressively acquiring dealerships in 2024.

Retail 59

Retail Vehicle IT 59

Tomorrow's Technician

APRIL 29, 2024

But, these companies or retailers selling the pads usually make an effort to put their name somewhere on the pad. If the friction levels don’t match, it could upset the braking balance of the vehicle. Additionally, millions of new vehicles equipped with low- or zero-copper brake pads are already being sold throughout the U.S.

Manufacturing 100

Manufacturing Retail Automotive Vehicle 100

AutoSuccess

NOVEMBER 13, 2023

Ninety percent of automotive retailers are getting serious about their dealership cybersecurity plans, yet they are still succumbing to data breaches at an alarming rate, according to a recent study by CDK Global , a leading automotive retail software provider.

Retail 52

Retail Utilities Software Management 52

AutoSuccess

OCTOBER 16, 2023

As the industry moves paper contracts aside for the convenience, accuracy and speed that only digital processes can bring, this enhanced integration further validates the two companies’ commitment to improving the automotive retail experience for all.

Retail 52

Retail Automotive Software Vehicle 52

Tire Review Magazine

JANUARY 3, 2024

Despite all the uncertainty throughout the year, 2023 turned out to be fairly steady for the automotive aftermarket as marked by steady retail growth and stable vehicle miles traveled (VMT). When we look at overall retail performance, the storyline remains consistent – retail aftermarket spend has kept pace with driving habits.

Retail 52

Retail Vehicle Automotive Electricity 52

Tire Review Magazine

JANUARY 3, 2024

Despite all the uncertainty throughout the year, 2023 turned out to be fairly steady for the automotive aftermarket as marked by steady retail growth and stable vehicle miles traveled (VMT). When we look at overall retail performance, the storyline remains consistent – retail aftermarket spend has kept pace with driving habits.

Retail 52

Retail Vehicle Automotive Electricity 52

AutoSuccess

OCTOBER 3, 2023

As the remarketing industry continues to evolve, physical auctions are in an ideal position to provide clients with the vehicle services they will need to meet changing industry trends and requirements, Manheim stated in a press release. And with undercarriage imaging, the tunnels provide the industry’s most complete vehicle view.

Vehicle 52

Vehicle Retail Automotive IT 52

AutoSuccess

FEBRUARY 15, 2024

I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.” ” According to BlackBook data: Seven to 10 million fewer new vehicles were sold during 2020-2022 compared to 2016-2019.

Used Cars 52

Used Cars Car Vehicle Management 52

AutoSuccess

SEPTEMBER 11, 2024

This bill gives law enforcement additional tools to fight catalytic converter theft, which has risen by nearly 900% between 2019 and 2023. Due to valuable precious metals used in the devices, stolen catalytic converters can garner $20 to $350 on the black market, and the replacement cost to vehicle owners can be as high as $2,500.

Automobile 52

Automobile Trucking Insurance Automotive 52

AutoSuccess

AUGUST 20, 2024

As we continue to navigate the shifting landscape in auto retail, one thing has become crystal clear: the days of cost-cutting have ended. The truth is that there are very real market forces at play, which absolutely impact consumer interest, vehicle affordability, challenges desking deals and challenges running a profitable dealership.

Consulting 52

Consulting Retail Car Vehicle 52

AutoSuccess

JANUARY 29, 2024

“To name a few, we saw historic appreciation in vehicle values, unimagined drops in supply, and interest rates moving from all-time lows to 23-year highs at an unforgiving pace. The labor market, which significantly contributes to vehicle sales in the U.S. New-vehicle transaction prices are expected to decline moderately.

Auto Market 40

Auto Market Electric Vehicles Automotive Electricity 40

AutoSuccess

JUNE 11, 2024

Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. Still, a score above 50 suggests that more dealers view the new-vehicle sales market as strong rather than weak.

Automobile 52

Automobile Automotive Vehicle Retail 52