Car Dealerships Archives

Cox Automotive Dealer Sentiment Index – Second Quarter 2021

Jonathan Smoke, Chief Economist at Cox Automotive breaks down the latest Cox Automotive Dealer Sentiment Index. (You can find the Cox Automotive Dealer Sentiment Index – Second Quarter 2021 here and the full interview on CBT News here.) The latest...

June 25, 2021

Cox Automotive’s Zo Rahim explains why prices for used vehicles continue to soar

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Cox Automotive’s Zo Rahim explains why prices for used vehicles continue to soar

Used vehicle pricing has increased significantly, so on today’s show, we’ll find out what’s behind the increase and what dealers can do. We’re pleased to welcome Zo Rahim, Manager of Economics and Industry Insights at Cox Automotive. The mid-month Manheim Used Vehicle...

June 12, 2021

Canada Drives expands online car-buying platform to Ontario

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Canada Drives expands online car-buying platform to Ontario

Thursday, May. 27, 2021 Canada Drives announced Thursday it has expanded its online vehicle-shopping and “to-your-door” delivery platform into Ontario. It debuted the platform in British Columbia last fall, a spokesperson confirmed, and plans to continue to expand throughout the...

May 27, 2021

DRIVING INSIGHTS: Canadians’ attitudes toward buying cars online have changed

Car Dealerships Digital Retailing

DRIVING INSIGHTS: Canadians’ attitudes toward buying cars online have changed

When we first asked car buyers if they would like to buy their next vehicle online, it was late 2019 and only 12% of Canadian used-car buyers were ready to buy entirely online. Since then, the process of buying a vehicle...

May 24, 2021

AutoCanada increases used-car retail sales by 52%

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AutoCanada increases used-car retail sales by 52%

AutoCanada increases Q1 used-car retail sales by 51.9% year-over-year. Here are a few interesting figures: 🚗 AutoCanada retailed a combined 9,734 used vehicles in the first quarter. 🚗 Used-vehicle revenue climbed from $229.36 million a year ago to $364.07 million...

May 12, 2021

What does Volvo’s direct-to-consumer sales strategy mean for car dealers – Don Hall, VADA

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What does Volvo’s direct-to-consumer sales strategy mean for car dealers – Don Hall, VADA

Electric vehicles sales will be moving solely online by the year 2030. Don Hall, President & CEO of the Virginia Automobile Dealers begins the conversation by discussing the issues related to manufacturers selling directly to consumers. The main issue is that...

May 4, 2021

Car buyers advised to skip negotiating, pay sticker price during entrenched shortage

Car Dealerships

Car buyers advised to skip negotiating, pay sticker price during entrenched shortage

Chip shortages, factory shutdowns due to COVID outbreaks, and a lack of used car inventory from rental companies are all combining to create supply challenges on dealer lots nationwide. However, March is being seen as one of the best months...

April 28, 2021

HGreg dealers win top Nissan sales awards in U.S., Canada

Car Dealerships

HGreg dealers win top Nissan sales awards in U.S., Canada

HGreg Nissan Kendall in Florida, and Hgregoire Chomedey Nissan in Quebec have earned the top spot in their respective countries. They earned the spots among more than 1,200 dealerships in the Nissan network in both countries. HGreg Nissan Kendall was named America’s No....

April 16, 2021

CarMax to acquire full ownership of Edmunds

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CarMax to acquire full ownership of Edmunds

After purchasing a minority stake in the company in early 2020, CarMax said Thursday it will acquire the remaining shares of Edmunds. The retailer invested $50 million in the online car shopping guide [2] in January 2020, acquiring a minority...

April 2, 2021

Google’s Head of Automotive Retail Lissette Gole, discusses 4 industry trends caused by the COVID-19 pandemic

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Google’s Head of Automotive Retail Lissette Gole, discusses 4 industry trends caused by the COVID-19 pandemic

Lissette Gole, Head of Automotive Retail for Google, begins the conversation by discussing four trends in which the industry experienced change due to the virus. The first trend is online retailing. Customers are ready to embrace online car buying as...

March 12, 2021