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A recent price spike due to several larger market forces, though it hasn’t dulled demand, is pushing more consumers to efficient models to squeeze in buys.
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A group out West picked up the major D.C.-area collection, putting it in the upper tiers of private automotive groups in the U.S.
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Lenders loosened access for subprime borrowers, and consumers with negative equity reached a record high, Cox Automotive reported.
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U.S. consumer interest in electric vehicles lags behind other countries despite the rising gas prices caused by the ongoing war in the Middle East.
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Research reveals the brands and models most likely to have higher recall rates over their lifetimes. While some brands rank high, addressing safety issues can be a selling point.
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Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
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Cox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
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The dealership profit center plays an important role in customer retention, and generation Z customers are showing the highest loyalty rates, based on recent CDK Global data.
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Automotive Ventures’ Justin Charbonneau will present “AI, China, and the Next Wave of Innovation in Auto Retail” as part of the half-day, agent-focused event at Agent Summit.
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Agent Summit and Automotive Ventures have partnered to present the inaugural Startup Symposium, a new event for agents leading the charge toward F&I innovation.
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