Car Dealerships Archives

Cox Automotive’s Brian Finkelmeyer on new vehicle inventory and what dealers should focus on

By CBT News September 22, 2021 As demand continues to climb alongside inventory concerns, could you be doing more to get ahead of it all? On today’s show, we’re pleased to welcome Brian Finkelmeyer, Senior Director of New Car Solutions...

September 22, 2021

Car Dealerships Digital Retailing

Would Canadian dealers be willing to become brand agents?

From ROB BOSTELAAR (Automotive News Canada) ‘We have been following this very closely,’ says Tim Reuss, CEO of the Canadian Automobile Dealers Association The expanding European retail model of automakers owning the cars, and dealers receiving a set commission, is...

September 19, 2021

How car dealers can best position themselves to compete with retailers like Carvana

Car Dealerships Digital Retailing

How car dealers can best position themselves to compete with retailers like Carvana

CBT News – Online vehicle retailer Carvana continues to grow at a rapid pace and doubled its first-quarter revenue in 2021. While some dealers have underestimated the company’s influence, our next guest has not. On today’s show, we’re pleased to welcome Brian...

September 14, 2021

DecisioningIT leader Hobbs recognized for financing platform

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DecisioningIT leader Hobbs recognized for financing platform

Many consumers are locked out when it comes to being able to buy the vehicle they need. But thanks to a program developed by André-Martin Hobbs, they’re able to connect with dealerships to find the financing they need MONTREAL, Aug. 18,...

August 18, 2021

Expert Sarah Vantine on the cost of ineffective employee training

Car Dealerships HR

Expert Sarah Vantine on the cost of ineffective employee training

CBT News: Fixed ops are the focus for many dealers right now as profit continues to increase, but is training being left behind? On today’s show, we’re pleased to welcome Sarah Vantine, Vice President of Business Development Strategy at Quantum5. Vantine begins...

August 16, 2021

AutoCanada continues to build used-car program with latest purchase

Car Dealerships

AutoCanada continues to build used-car program with latest purchase

Source: Auto Remarketing. AutoCanada has purchased Ontario independent dealer Mark Wilson’s Better Used Cars, a move the retailer says augments its plans of building its Used Digital Retail Division. This is the second independent dealer AutoCanada has purchased. In a...

August 15, 2021

Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles

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Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles

Digital Platform Enables Consumers to Transact 100% Online BLOOMFIELD HILLS, Mich. and ATLANTA, July 22, 2021 /PRNewswire/ — Penske Automotive Group, Inc., (NYSE:PAG) and Cox Automotive, Inc. (“CAI”), announced today they have jointly developed a transformational, fully automated technology platform to enable the online...

July 22, 2021

Where the auto industry is, and where it needs to go – Bob Lanham, Facebook

Car Dealerships Digital Retailing Marketing

Where the auto industry is, and where it needs to go – Bob Lanham, Facebook

Car dealers and other retail professionals in the automotive industry recently came together in Napa, California for the annual Digital Marketing Strategies Conference. Among the speakers was Facebook’s Head of Automotive Retail, Bob Lanham who joins us today to discuss key takeaways...

July 20, 2021

Honda cracks down: No more returning leased cars to others’ lots

Car Dealerships Latest News

Honda cracks down: No more returning leased cars to others’ lots

The automaker will require drivers with expiring leases to return their vehicles to authorized Honda and Acura dealers and refuse to accept buyouts from unaffiliated dealers or others. July 09, 2021 06:42 AM – Bloomberg Honda Motor Co. has a rude...

July 14, 2021

Cox Automotive’s Randy Kobat shares the best practices and acquisition methods for used vehicles

Car Dealerships

Cox Automotive’s Randy Kobat shares the best practices and acquisition methods for used vehicles

How can car dealerships best maintain profit in today’s environment with low new car inventory and high demand for used vehicles? Randy Kobat, Vice President of Operations for Inventory Management Solutions at Cox Automotive, answers this question and more on today’s...

July 7, 2021