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May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
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While North American electric-vehicle sales remain down year-over-year, May sales saw a 3% increase from April’s numbers as used EVs led the market.
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The new platform uses real transaction data and artificial intelligence-driven insights to help car dealerships improve consistency and performance.
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Healthy May sales cut into inventory as automakers kept a tight reign on supply, though some brands ended the month with excess units on the ground.
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EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
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Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
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The annual Reynolds and Reynolds contest highlights automotive dealership innovation and impact.
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The automotive group added Toyota of Newnan, a high-performing dealership in Georgia, to its roster of over 300 rooftops across the U.S.
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Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
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The keynoters will explore challenges that are reshaping the industry, speaking on how dealerships can adapt, innovate and thrive in a rapidly changing atmosphere.
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