Cox Automotive’s new AI in Auto Retail Tracker finds a rapidly growing gap between AI-equipped consumers and the dealers vying for their business. +
Prosecutors say Andrea Nicole Doherty used the restoration and resale business she inherited from her father to defraud customers and collectors. +
New JD Power data shows growing numbers of premium compact car, compact SUV and midsize SUV owners are joining a “measurable” downmarket migration. +
Levels Dealer OS’s partnership with Keys Inc. will allow dealers to identify the correct key or fob for any vehicle in their system and connect with a locksmith. +
Citing survey data and a host of new capabilities, CDK’s Natalia Mischenko says AI can permanently change the calculus of sales and service retention. +
CallSource Automotive has launched Zylo, a concierge built upon Spyne’s Vini AI platform and designed to work in concert with human service advisors. +
Edmunds reports nearly 69% of trade-ins come with an average of more than $13,000 in positive equity despite easing inventory constraints. +
Atlanta will become Group 1 Automotive’s second-largest market with the billion-dollar purchase of Hennessy’s Automobile Companies’ 10 dealerships. +
Three Federal Reserve governors voted to lower interest rates despite persistently elevated inflation in Kevin Warsh’s second meeting as chairman. +
Dealers set a new quarterly record with $1,769 in average F&I income per vehicle retailed, partially offsetting an 11.8% slide in franchised dealership profitability. +
