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An overwhelming percentage of car dealers who use digital retailing tools are reporting encouraging results, according to the latest research by Cox Automotive. The top benefit of digital retailing, according to both dealers and customers, is the time saved, cited by 60% of dealers and 93% of shoppers.
Bridgestone Retail Operations (BSRO), a subsidiary of Bridgestone Americas , will plant more than 54,000 trees across the country as a result of the company’s second annual “Download the App, Plant a Tree” campaign. The post Bridgestone Retail Operations donates 54,000 trees appeared first on Tire Review Magazine.
Complementary to our solutions that modernize the retail process, the Dealertrack 2024 Compliance Guide helps minimize complexity and provides important considerations for dealers to establish their own compliance action plan that will help them stay competitive and ultimately help their bottom line.”
The app can even recommend the closest retailer or wholesaler from which to order your part, KYB said. New users can download the KYB Parts Catalog on The App Store and Google Play. The user also will receive recommended part numbers for performance upgrade shocks and struts, strut mounts, boots and bumpers, if available.
49 per cent of consumers noted they’d be willing to download a brand’s app just to receive loyalty promotions or exclusive deals, and 70 per cent would join a company’s loyalty program for free shipping perks. For the past few years, consumers have been balancing a tightrope between brand loyalty and savings. In the U.S.,
Nearly all car dealers currently using digital retailing tools claim it has positively impacted their business, especially in customer experience and satisfaction, according to Cox Automotive’s 2023 Digitization of Car Buying Study. – Shoppers are willing to provide access to information that enables an ideal buying experience.
PRI Business and Individual members can download the 2024 State of the Racing Market Report by using their individual/personal login to access their member portal at PerformanceRacing.com. The study found that the racing industry is an integral part of the specialty-equipment market and the overall U.S.
The report showed August average used-car retail price rose $200 from July to $28,500, just below the 2024 high of $28,600 set in March, though still far less than the $30,100 average of August 2023. That’s helping drive retail prices down, with the August average of $50,100 down from the 2023 average of $52,000. Up, of course.
But, Edmunds head of insights Jessica Caldwell said in her report , that doesn’t mean the used retail market doesn’t have its own headwinds. In the Edmunds report, Caldwell said the biggest issues in today’s tariff-driven retail market aren’t just about supply, demand and pricing.
The entire report that offers insights into the current state of the automotive retail market for both new and used vehicles, inventory risk, vehicle sales, consumer preferences and markdown/pricing strategies can be downloaded here.
Inventory management remains critical for auto retailers today in determining profitability, customer satisfaction and operational efficiency. Smart retailers are turning to advanced inventory risk management technologies and reporting that give them never-seen-before insight and visibility at the vin-level of their inventory levels.
The growth in non-luxury options has also caused a shift in non-luxury EV retail market share. The full report is available for download here. The report found Ford continuing to lead at 21.9%, but that was down more than two percentage points year-over-year, while Volkswagen decreased 4.6 points to 11.2%
Last summer, automotive retailers witnessed the attention of malicious actors drawn to their permissive and weak networks. Malware and Spyware Infections Malicious software can infiltrate dealership systems via downloads, email attachments or infected USB devices, leading to data theft or operational disruptions.
Just one wrong click or download from a malicious source can lead to a compromised or hacked device, which creates numerous problems including viruses and stolen private or confidential information such as social security numbers, bank account credentials, passwords and more. These days cyber threats are lurking around every corner.
Download our brochure : just the right size to meet, get inspired and strategize for 2024 and beyond at CXAUTO. In collaboration with CXAUTO, AutoTech Investments will host an exclusive one-day summit and VIP dinner on Monday, June 10th. Dealers and OEMs will have the opportunity to participate in both events.
The auto retail industry must know that cyber protection demands a combat-like mindset. A PDF is available for download. This report clarifies for dealership executives and their IT teams the most effective strategies for protecting dealership networks and data assets from cyber-attacks.
Download the full results of the Q1 2025 Cox Automotive Dealer Sentiment Index. ” The survey also asks dealers to rate new-car sales and used-car sales separately, along with various key drivers, including consumer traffic. The total metrics reported have a +/- 3.15% margin of error. The post Spring Optimism Boosts U.S.
“By leveraging our new Vincensus quarterly and monthly reports and staying informed on the trends shaping inventory, pricing and markdowns, auto retailers can swiftly adapt and make informed decisions.
Just as in previous years, 2023 was tumultuous for retail automotive. The full report is available to download here. Paired with other demographic, behavioral and transactional information, it empowers dealers to both improve their retention rates and conquest new customers.
He said this means vehicle service providers and tire retailers need a sufficient supply of replacement parts, specifically TPMS replacement sensors and TPMS sensor replacement valves and service kits. With the average vehicle age on the road now at 12.6 Bartec TPMS is very active in helping our customers keep their tools current,” he said.
To learn more, download Cox Automotive’s new eBook, The Three Biggest Data Challenges in Automotive Retail. With high quality, accurate and secure data delivered in real time, dealers can unlock powerful insights that improve customer satisfaction, employee satisfaction and profits,” Abbott concluded.
. “By leveraging our new Vincensus quarterly and monthly reports and staying informed on the trends shaping inventory, pricing and markdowns, auto retailers can swiftly adapt and make informed decisions. ” Click here to download the inaugural Q1 Vincensus Report.
Among those sales, the sell-side advisors for auto dealers said, was the third-largest transaction in auto retail history – the sale of Jim Koons Automotive’s 20 dealerships, generating $3 billion in revenue, to Asbury Automotive Group. A preview of the report can be downloaded here. Click here to subscribe for the full report.
“Cox Automotive Dealertrack recognizes the importance of giving retailers insights into identity verification (IDV) so they may circumvent increasing instances of ever more sophisticated fraud. ” As auto dealers expand online and omnichannel workflows, it becomes increasingly difficult to identify potential fraud risks.
“Cox Automotive Dealertrack recognizes the importance of giving retailers insights into identity verification (IDV) so they may circumvent increasing instances of ever more sophisticated fraud. Dealers can download the complimentary 2024 Dealertrack Compliance Guide at [link]. More information is available at [link].
” The market outlook index, which measures dealers’ expectations for the auto retail market in the coming quarter, jumped to 54 in Q4 from 42 in Q3. ” Despite the positive outlook, the current market index score of 42 indicates that a majority of dealers still view the current retail auto market as weak.
This aligns with the industrys view that scale will be crucial in the evolving auto retail landscape, prompting enterprises to either expand or sell as consolidation continues. To download the full Kerrigan Dealer Survey report, click here. To download a preview of The Blue Sky Report, published by Kerrigan Advisors, click here.
According to the survey, this trust and transparency divide between consumers, dealers, and lenders is pushing retailers to rely on basic, and frequently inaccurate, payment calculator tools that exacerbate, rather than mitigate, the lack of transparency. 98% say there is a gap between how dealers want to sell and how buyers want to buy.
There are dozens of events providing education and value to retail car dealers. Download their mobile app and create your daily plan. Jennifer Sanford is an experienced SaaS marketing leader passionate about the retail automotive experience. If you haven’t been to NADA, make this year your first trip.
Another option is to create your own online forms and collect information that you can download after the show. About the Author: Jennifer Sanford is an experienced SaaS marketing leader passionate about the retail automotive experience. Lead distribution: Before the show, decide who will handle the leads.
Sharing implies a traditional login, passwords, pins, apps and software to download, increasing friction for customers and employees. Ensuring the secure transport of data involves protecting it from interception, unauthorized access and tampering during its journey. It can simply be defined as the difference between “sharing” and “sending.”
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. The full results can be downloaded here. “Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.
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. Download the full results of the Q2 2024 Cox Automotive Dealer Sentiment Index. The total metrics reported have a +/- 3.06% margin of error. Visit coxautoinc.com.
Download the full results of the Q1 2024 Cox Automotive Dealer Sentiment Index. ” The survey also asks dealers to rate new-car sales and used-car sales separately, along with various key drivers, including consumer traffic. The total metrics reported have a +/- 3.04% margin of error. Visit coxautoinc.com. The post U.S.
Upstart announced the largest and most significant set of product enhancements to the in-store and financing solutions on its Auto Retail platform. Upstart will showcase its full auto retail platform at the National Automobile Dealers Association Show (NADA) inNew Orleans,Jan.
Power EV Index update, as well as the companys EV Retail Share Forecast, 2025 U.S. The full report can be downloaded here. It may not be here for long. The E-Vision Intelligence Report, based on data and insights from the monthly J.D. Electric Vehicle Experience Ownership Study and U.S.
This performance, especially in a volatile macro environment, reinforces why dealership buyers remain confident in the long-term fundamentals of auto retail. Following the Trump Administrations announcement of auto tariffs, the Kerrigan Index of the seven publicly traded auto retailers fell 21% by mid-April and pushed market volatility up.
The auto retail industry is in a confusing place, he said. They have seen the auto retail business model endure all kinds of shocks and emerge highly profitable. If they perform in the areas they can control, dealers are confident the next few decades in auto retail will be as successful as the past few.
Whether that involves exploring financing options, considering a trade-in, or comparing vehicles against specific needs, shoppers are looking to both digital retail tools and dealership support to tailor the most seamless experience possible,” Ciummei added. The full study from CarGurus is available for download via this website.
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