Business
CarData Inc. continues to experience exponential growth and is expanding its service area with the acquisition of Ohio-based Dealer Visual, a well-known automotive photography firm. POMPANO BEACH, Fla., Jan. 9, 2024 /PRNewswire/ — CarData Inc., a leading automotive advertising solutions provider, has announced it will acquire Cincinnati, Ohio-based Dealer Visual. The acquisition allows CarData Inc. to further expand its…
Read More
CarData Inc., a leading full-service automotive advertising company, has officially acquired AutoNetTools to expand the company’s range of cutting-edge photography and videography capabilities. POMPANO BEACH, Fla., Dec. 19, 2023 /PRNewswire/ — CarData Inc. has announced it is acquiring Michigan-based AutoNetTools. The move expands CarData’s already considerable range of technologically enhanced automotive advertising capabilities thanks to AutoNetTools’ expert team…
Read More
As we enter 2023, the automotive industry continues to undergo significant changes and transformations. From the rapid adoption of electric vehicles (EVs) to the integration of artificial intelligence (AI) and the rise of connected cars, automotive retailers are facing a plethora of challenges and opportunities. Here are some of the most impactful things that will…
Read More
Interest rate spikes, fuel costs & consumer sentiment over high vehicle prices slowed down the Used car market with a 16% sales drop in May 2022 compared to May 2021. Unlike 2021 there are no stimulus checks to help consumers through these headwinds. According to Cox Automotive [www.coxautoinc.com] Year-over-Year data shows a 12.7% decrease through…
Read More
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…
Read More
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…
Read More