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Dealer/GM News
Fisker Pauses EV Production for Six Weeks
In the latest sign of slowing electric vehicle market, Fisker announced on March 18 that it pause production for six weeks as looks to raise more money to stay in business. In a press statement, the company wrote that the pause on the assembly line
Mar 18, 2024
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Dealer/GM News
Spotlight on…..Traver Connect
As we look to tell the stories about people and the products that support auto dealerships, Digital Dealer is shining the spotlight on companies that help dealers do their job more effectively. We recently interviewed Bob Gower reflects on his four d
Mar 15, 2024
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Dealer/GM News
Profitability Issues Continue to Weigh on Auto Dealers: Cox Survey
While improving, a national survey found the current market sentiment for auto dealers is still considered weak among this cohort. The Cox Automotive Dealer Sentiment Index (CADSI) for the first three months of 2024 increased two percentage points to
Mar 14, 2024
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Dealer/GM News
Gropup 1, Fisker, Nucar, Ken Ganley, Johnson Automotive Dealership Group, The Smith Group: Dealership Sales Roundup
Group 1 Expands in South Carolina Group 1 Automotive announced the acquisition of Modern Classic Motors in Hilton Head, SC on March 13. The acquisition includes three franchises: Mercedes-Benz, Sprinter and Honda in Beaufort County. The acquisition
Mar 14, 2024
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Dealer/GM News
February New Car Prices Down over 2% from Last Year: KBB
The price of a new car continued its decline over the past year in February. An analysis by Kelley Blue Book released March 11 found new-vehicle transaction prices (ATP) was down less than one-tenth of 1% from the revised January figures. The average
Mar 13, 2024
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Dealer/GM News
Spotlight on….. Quantum5
As we look to tell the stories about people and the products that support auto dealerships, Digital Dealer is shining the spotlight on companies that help dealers do their job more effectively. We recently interviewed Quantum5’s David O’Brien to
Mar 8, 2024
More Choices Leading to An Increase of Electric Vehicles Purchases
A new report from Experian found electric vehicles (EVs) have gained more traction from consumers in the market for a new vehicle due to more options being available. Experian’s State of the Automotive Finance Market Report: Q4 2023 noted EVs compr
Mar 7, 2024
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Dealer/GM News
February New-Vehicle Sales Outpace Expectation: Cox
New-vehicle sales in the U.S. picked up in February, with sales up nearly 10% from a year ago. Total new-vehicle sales in February are now estimated at 1.25 million, above our forecast of 1.22 million units and up 9.6% year over year, according to of
Mar 5, 2024
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Dealer/GM News
How Auto Dealerships Rank By Website Response Rate
Infiniti came out on top in a recent survey of responsiveness to customer internet leads coming though dealership websites. The survey— 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE) Study—measured responsiveness to customer internet l
Mar 5, 2024