Auto Dealer Today

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World Traffic Sifted

Jan 8, 2025 | autodealertodaymagazine.com | Hannah Mitchell

An annual global traffic report shows most cities’ average traffic speed fall last year, likely due to congestion factors. The TomTom Traffic Index, which examined traffic conditions in 500 cities over 62 countries and six continents, its widest scope to date, found that 76% of cities’ overall average speeds fell year-over-year, though average speeds under optimal, free-flowing traffic were flat or slightly improved in most cities.
Solar-Powered Car to Debut at CES

Nov 27, 2024 | autodealertodaymagazine.com | Hannah Mitchell

A crowd-funded automotive startup that once closed shop has developed a solar-electric vehicle it says needs no charging for typical daily driving. The Aptera – named after the company that created it – will be unveiled at the CES consumer electronics show in Las Vegas in January, the Carlsbad, Calif., automaker said.
5 Reasons Dealers Switch F&I and Reinsurance Providers

Sep 24, 2024 | autodealertodaymagazine.com | Kate Spatafora |Peter Chafetz

When providers fail to meet expectations, dealers find new providers. In a highly competitive F&I and reinsurance market, dealers have options. Join this webinar to hear from and engage with subject matter experts who regularly meet with dealers seeking new partnerships.
How to Optimize Liquidity in a Fluid Environment

Aug 7, 2024 | autodealertodaymagazine.com | Brian Bateman

“Cash is king” has been an historical truism for decades, but we’ve outpaced this iconic catchphrase. Liquidity management is the new axiom today, and for good reason — it’s no longer as simple as managing cash flow and capital funds. Auto dealership operators understand business success in today’s economy requires a multifaceted approach.
Unlocking the Keys to Success

Jul 29, 2024 | autodealertodaymagazine.com | Rob Miller

In recent years, the automotive retail sector has undergone a transformation that has significantly enhanced the consumer buying journey. Congratulations! One could say we have gone miles and miles in improving the entire buying process. Sales processes have become more streamlined and transparent, marking a substantial shift toward customer-centric business practices. This evolution is a clear indication of the industry's commitment to adapting and meeting the ever-changing demands of consumers.
AI/ML: A Dealership’s Secret Weapon

Jun 26, 2024 | autodealertodaymagazine.com | Ronnie Wendt

The volatility of sales prices in the used car segment since 2020 can make dealers feel as if they are riding a rollercoaster. The industry has seen record high used vehicle prices that sometimes soared over manufacturer’s suggested retail price before dropping by the double digits. The Manheim Used Vehicle Value Index fell to 199.2 in the first 15 days of April, about 14% below the full month of April 2023.
Five Ways to Bridge the EV Gender Gap

Jun 10, 2024 | autodealertodaymagazine.com | Ronnie Wendt

Recent research reveals an intriguing trend: While electric vehicle sales are rising, sales to men still dominate the market. The McKinsey Center for Future Mobility conducts an annual survey of 30,000 mobility customers in nine countries. This year, consumers were asked about their power train preference for their next vehicle purchases. The survey results revealed a significant gender disparity, with more men than women expressing an intent to buy an EV.
Speed the Sales Process, Sell More Cars

Apr 24, 2024 | autodealertodaymagazine.com | Ronnie Wendt

The primary objective of a dealership is, undoubtedly, to sell vehicles. However, when mismanaged, the endeavor can leave customers with a less-than-favorable impression of the business. Customers’ chief complaints are dealing with multiple people, enduring long waits, and a lack of transparency.
Calling All Women

Apr 17, 2024 | autodealertodaymagazine.com | Ronnie Wendt

At the 2024 Women Driving Auto Retail event hosted in conjunction with the NADA Show in Las Vegas, guests explored strategies for boosting female employment at auto dealerships. Insights at the event could be distilled into five steps: effective marketing; hosting visible events; fostering an inclusive culture; exploring talent outside the automotive industry; and staying abreast of hiring trends.
How to Drive Sustainability

Apr 10, 2024 | autodealertodaymagazine.com | Ronnie Wendt

While other automotive dealerships are adopting green practices to save money, Grubbs Family of Dealerships considers sustainability a fundamental part of doing business. CEO George Grubbs III says that as the fourth generation in the family business, he understands the importance of environmental stewardship. The efforts, he says, uphold the 76-year-old business' legacy for its 415 employees, loyal customers and surrounding communities.