Auto
The automotive industry has always been at the forefront of technological advancements. From the invention of the automobile to modern-day electric and autonomous cars, the industry has always adapted to change. Now, with the rise of online transactions, auto dealerships are facing yet another significant shift. The traditional model of buying a car involved visiting…
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Lithia Automotive Group [LAD] is on a serious path of acquisitions, Reynolds & Reynolds purchases Gubagoo, CDK Purchases Roadster and it is going to be a record breaking year for M&A in the dealership space. Approximately 4.5% of all U.S. jobs are supported by the auto industry The Automotive industry has some of the most…
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In current market conditions franchised car dealerships that normally only purchase 4-5 CR [Condition Rating] cars are having to purchase 2-3 CR Cars. This presents problems most dealers don’t normally have to handle with heavy reconditioning. Exterior dings, dents & scratches + wheel scuffs & the list goes on. Interior odors, buttons missing or not…
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It was announced that around 100 Ford dealers would build a stand alone “Bronco” showroom to highlight the new SUV. This push came from the dealers, not Ford. With Jeep now rolling out stand alone facilities it seems like this is just in time to compete and make sure the Bronco gets the attention it…
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You can find this entire article on Automotive News Acura’s return to its performance roots accelerated this year with the debut of a redesigned TLX midsize sports sedan on a new platform with an optional turbocharged six-cylinder engine. But there is much more to come, and it will happen fast. The brand’s MDX three-row crossover…
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Wow, The online automotive retailer VROOM (VRM) has doubled it’s IPO price in a short time on the exchange. Investors are showing they aren’t afraid to bet on “future” retailers even if they aren’t yet profitable. “unlike many of the other strong IPO performers this year, Vroom opened around $39 and continued to catch a…
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