President Trump’s recent tariffs on steel and aluminum imports have posed serious drawbacks for the automotive industry, particularly for car dealers. While the aim of this recent policy is to keep American jobs by adding taxes to goods imported from other countries, it could have a more detrimental effect. In fact, it could end up costing jobs and dropping sales … [Read more...] about What Are the Potential Impacts of Steel and Aluminum Tariffs on Dealers?
Asbury Park, NJ — June 19, 2018 — Automotive dealer service customers can now be instantly informed of a vehicle’s value, thanks to service valets and advisors being equipped with Vin-UP™ portable scanners and printers, handing the owner a “Vin-UP Offer Ticket” as they exit their vehicle. The ticket displays the latest Kelley Blue Book[miscellaneous … [Read more...] about Kelley Blue Book Joins the Vin-UP Automotive Service Vehicle Equity Program
Santa Monica, CA — June 12, 2018 — Shoppers seeking bargains on used vehicles might find them harder to come by when they head to the dealership this summer, according to the latest Used Car Report released by the experts at Edmunds. In the first quarter of 2018, the average transaction price for a used vehicle was $19,657. This reflects a 2.2% increase in sales price from … [Read more...] about Prices of Used Vehicles Hit Record High, According to Latest Edmunds Used Car Report
Buffalo, NY — February 6, 2018 /PRNewswire-USNewswire/— ACV Auctions, an advanced online auction that streamlines the buying and selling of inventory between auto dealers, has secured $31 million in Series C venture funding led by Bessemer Venture Partners, Tribeca Ventures, SoftBank NY, and Armory Square Ventures. The new capital brings total funding to $53 million since … [Read more...] about ACV Auctions Raises $31 Million in Series C Funding to Accelerate Market Expansion
Throughout November, we're spotlighting the winners of Dealer Marketing Magazine's first-ever Acceleration Awards, which recognize automotive vendors that stand out by offering unique products and services for increasing dealership sales, maximizing efficiency, streamlining processes, and most importantly, rapidly increasing profitability. Today: Rapid … [Read more...] about Acceleration Awards Winner Spotlight: Rapid Recon