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August 9, 2017 - Industry News

N.J.’s Top Kia Dealer Acquires Additional Store in Toms River

Motivated by the success of his Kia dealership in New Jersey's Egg Harbor Township, Roy Greenblatt has acquired a second location in the state, the former Toms River Kia. The store has been renamed Matt Blatt Kia of Toms River.

Tags: Dealership, Kia, Matt Blatt Kia, merger and acquisition

December 12, 2016 - Industry News

Helion: 5 Priorities for Dealership IT Departments in 2017

Helion Automotive Technologies issued its Top 5 priorities for dealership IT departments today. According to the company, allocating budgets to improve internet bandwidth, wireless signals, incoming call flow, security and regulatory compliance are a must for 2017.

Tags: Dealership, Helion Automotive Technologies, IT, technology

December 7, 2016 - Industry News

Bonita Springs Mitsubishi Owners Acquire Second Mitsubishi Store in Florida

The owners of Florida's Bonita Springs Mitsubishi have acquired Fort Myers Mitsubishi, the company announced today. With this purchase, owners Jeff Johnson and Bill Doraty hope to replicate the success of their Bonita Springs store, which cracked the Top 25 sales list for Mitsubishi dealerships nationwide.

Tags: Acquisition, Dealership, Florida, Mitsubishi

November 29, 2016 - Industry News

F&I Still a Drag on Improving Transaction Times, Survey Shows

Although transaction times at dealerships are improving, there are still roadblocks in the process that are holding dealerships back from reliably achieving transactions times below the one- and two-hour mark, according to a survey fielded by eLend Solutions.

Tags: CSI, Dealership, eLend Solutions, F&I, Survey, transaction times

November 21, 2016 - Industry News

Auto/Mate Employees Tout 1,000-Plus Years of Combined Dealership Experience

Auto/Mate Dealership Systems today announced that after its latest round of hiring, its employees have surpassed 1,000 years of combined experience working in car dealerships.

Tags: Auto/Mate, Customer Service, Dealership

November 18, 2016 - Industry News

NADA Study: Mobility Services, Autonomous Vehicles Biggest Risk to Dealership System

The single biggest risk to the dealership system within the next decade will be the convergence of mobility services with autonomous vehicles. That’s the conclusion of a new research project commissioned by the National Automobile Dealers Association.

Tags: Dealership, Industry Research, J.D. Power, NADA

November 18, 2016 - Industry News

Hyundai Offers Subscription-Based Vehicle Ownership

Photo of 2017 Ioniq Electric courtesy of Hyundai.

Hyundai will offer a subscription-based approach to vehicle ownership with its 2017 Ioniq Electric sedan that will allow customers to acquire the vehicle for a fixed monthly fee that covers all costs of ownership, Hyundai announced ahead of the Los Angeles Auto Show.

Tags: Dealership, Electric Vehicles, Hyundai

November 18, 2016 - Industry News

Stand-Alone Genesis Dealers to Arrive by 2021

Photo of 2017 Genesis G90 by Paul Clinton.

Hyundai's Genesis luxury division hopes to establish stand-alone dealerships for a lineup that will include six models by 2021, according to the automaker.

Tags: Dealership, Genesis, Hyundai

November 17, 2016 - Industry News

RoadVantage Unveils F&I Video to Support Online F&I Strategies

According to the company, the two-minute video was developed in response to recent industry studies showing that consumers would be more willing to purchase F&I protections if they are allowed to learn about them before entering the dealership.

Tags: Dealership, F&I, RoadVantage, Videos

November 3, 2016 - Industry News

Sold Calif. Dealership Leaves Customers With Worthless Lifetime Service Package

Customers who bought cars from Hooman Toyota of Long Beach are angry after losing the perks of an offer they paid into following the dealership's change of ownership, NBC 4 News reports.

Tags: advertising, Dealership, Hooman Automotive Group, Toyota

October 6, 2016 - Industry News

Asbury Opens Nissan Location in Atlanta

Image courtesy of Nissan.

The public dealer group staged a grand opening for its new Nalley Nissan of Atlanta location on Sept. 29. It's the first U.S. dealership to feature the OEM's new Nissan Retail Environment Design Initiative, or NREDI 2.0.

Tags: Asbury Automotive, Dealership, Nissan

September 29, 2016 - Industry News

Nine-Store Los Angeles Group Charged With Payment Packing, Yo-Yo Financing

The Federal Trade Commission today charged nine Los Angeles-area dealerships and their owners with a wide range of deceptive, and unfair sales and financing practices, including payment packing and using "yo-yo" finanicng tactics.

Tags: compliance, Dealership, Deceptive Advertising, FTC, Regulation M, Regulation Z, TILA

September 29, 2016 - Industry News

Dealership Wages Outpacing Private Sector, NADA Study Shows

Employees at new-car dealerships made, on average, $69,718 a year in 2015, a 1% increase compared to the year prior, according to the NADA’s 2016 Dealership Workforce Study. General managers and F&I managers experienced double-digit percentage earnings growth rates, while sales managers and sales consultants increased 4.5% and 2.7%, respectively.

Tags: Dealership, NADA, Study, Wages

September 27, 2016 - Industry News

Helion Offers Tips to Improve Phone Conversions

Thirty-one percent of incoming sales calls and 20% of incoming service calls never reach an agent, according to the call monitoring solution CallRevu. Helion Automotive Technologies' Erik Nachbahr says this statistic can be attributed to a dealership's poorly designed call flow.

Tags: Call Flow, Dealership, Phone Customers, Revenue

September 6, 2016 - Industry News

Five Star Ford of Lewisville Wins F&I Dealer of the Year Award

Texas-based Sam Pack’s Five Star Ford of Lewisville was named F&I and Showroom’s 2016 F&I Dealer of the Year. The award was handed out last Wednesday during the magazine’s annual Industry Summit.

Tags: Awards, Dealership, DOY Winners, F&I Dealer of the Year, F&I Pacesetters, Sam Pack's Five Star Ford of Lewisville

September 1, 2016 - Industry News

Walser Automotive Group Acquires Wichita Luxury Collection

WLC will add 10 luxury brands, including Acura, Audi, BMW, Jaguar, Land Rover, Lexus, Mercedes-Benz, MINI, Porsche and AMG, to Walser's existing 15 franchises, according to the company.

Tags: Acquisition, Dealer Group, Dealership, Luxury Vehicles

August 25, 2016 - Industry News

Florida Toyota Dealer Now Offers Door-to-Door Test Drives

Sun Toyota introduced today a new door-to-door vehicle delivery service that brings the dealership's showroom directly to a customer's home or office.

Tags: Dealership, Online Shopping, Test Drive

July 14, 2016 - Industry News

Consulting Group Offers Advice on Preventing Employee Theft

While unfortunate, employee crimes against dealers do happen. This week, Automotive Compliance Consultants released a list of tactics dealers can employ to prevent employee theft at their store.

Tags: Compliant, Dealership, Security, Theft

June 29, 2016 - Industry News

Mobile Phones, Online Research Shrinking Shopping Window, Study Shows

From start to finish, the time it takes consumers to pull the trigger on a vehicle purchase is shrinking. And according to a new study from Jumpstart Automotive, Millennials are the reason.

Tags: Car Shopping, Consumers, Dealership, Jumpstart Automotive, Study

June 7, 2016 - Industry News

General Motors Appoints New Director of Dealer Development

General Motors named Mark Rainey director of dealer development. He will be responsible for the growth of minority and female dealers within the automaker's U.S.-based Chevrolet, Buick-GMC and Cadillac dealer networks, according to the company.

Tags: Dealership, General Motors, Hiring

May 18, 2016 - Industry News

New Dry-Erase Hang Tags Offer Potential Cost Savings

The hard plastic, dry-erase tags give dealers the ability to reuse them instead of throwing them away, as is the case with traditional paper tags. These tags also eliminate the possibility of misprints due to their dry-erase nature.

Tags: Dealership, Hang Tags, Products

April 27, 2016 - Industry News

N.Y. Dealer Admits to Falsifying Auto Loan Applications

N.Y. Dealer Gerald McDonald pleaded guilty last month to submitting fraudulent loan documents to financial institutions. He faces a maximum of five years in prison and a fine of up to $250,000 when he is sentenced on July 19.

Tags: Crime, Dealership, U.S. District Court

April 20, 2016 - Industry News

Former Larry H. Miller Group CEO Acquires California Dealership

Greg Miller, who stepped down as CEO of the Larry H. Miller Group in March 2015, has acquired Bob Baker Toyota in San Diego, Calif. The dealership will be renamed Greg Miller Toyota and will be operated under his new enterprise, Greg Miller Automotive San Diego.

Tags: Acquisition, California, Dealership

March 9, 2016 - Industry News

Budding Dealer Group Snags Two Ohio-Based MB Stores

A purchasing group led by David L. Peterson, owner of Tafel Motors, has acquired Mercedes-Benz of Cincinnati and Mercedes-Benz of West Chester. Although the terms of purchase have not been announced, the new management team began full operation of both locations on Monday.

Tags: Dealership, Mercedes-Benz, New Management

March 8, 2016 - Industry News

DealersLink Completing Implementation of Retail Tools Into Several Dealer Groups

DealersLink officials say the company's line of automotive solutions can help small and mid-sized automotive groups cut vendor costs by streamlining their dealership tools into one integrated system.

Tags: Dealership, Dealership Solutions, DealersLink

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