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Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
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SEARCHMENUSEARCHThe deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
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SAN FRANCISCO, Calif. — The Kia Stinger’s “Feel Something Again” Super Bowl spot featuring Steven Tyler saw the greatest lift in interest across Jumpstart Automotive Media’s portfolio of publishers, the media company reported this week. The finding is part of the company’s annual Super Bowl report, which reveals the auto brands that drove the greatest ... Read More »
Read More →ATLANTA — Wholesale used-vehicle prices decreased 0.74% month over month in January. This brought the Manheim Used Vehicle Value Index to 131.0, a 4.9% increase from a year ago but the lowest level since last July. On a year-over-year basis, all major market segments except midsize cars saw gains. Luxury cars, pickups, and vans outperformed ... Read More »
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DALLAS — Pearl Technology Holdings LLC announced the release of Rapid Proactive Messaging (RPM), a personalized marketing platform that delivers real-time alerts of engaged prospects to dealership personnel for follow up via text, phone or email. RPM is integrated into all Pearl products, including VehicleXchange, allowing dealership salespeople to connect directly with their best sales ... Read More »
Read More →LAWRENCEVILLE, Ga. — Black Book’s Used Vehicle Retention Index fell only 1.2% year-over-year in January to a 113.1 reading for the month. The firm had expected a larger decline. Anil Goyal, executive vice president of operations for Black Book, said the expectation was based on the lift in wholesale values due to replacement activity linked ... Read More »
Read More →REDWOOD CITY, Calif. — Retention solutions provider Xtime has released its proprietary statistics of dealership mobile activity for 2017. Analysts found that, in 2017, mobile service appointments increased by 56% and desktop appointments increased by 5%. Nearly one-quarter (22%) of online service appointments were made after hours, making this a critical feature for dealers, according ... Read More »
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