NextGear Capital Offers 10 Tips For Independent Dealers To Thrive in 2023
Field teams offer expert advice from their hands-on client experiences.
Field teams offer expert advice from their hands-on client experiences.
With two weeks of the new year now behind us, the trends that we ended 2022 with are continuing into 2023.
The National Highway Traffic Safety Administration will propose new fuel economy standards for the 2027 model year and beyond in April.
With 2022 fully in the rearview mirror, we can begin to evaluate the years performance: the overall market finished down 22.9%, with Cars down 22.7% and Trucks down 23%.
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
Fast, personalized, and relevant lead responses are the keys to winning in a competitive market.
Diesel fuel prices have started to fall, but they still remain at historical highs.
Auto dealers report a desire to step up vehicle photography to compete with conglomerates like Vroom or Carvana.
GM has recalled 140,000 Chevrolet Bolt electric vehicles in North America over a potential fire risk when seat belt pretensioners deploy in a crash.
According to Third Quarter 2022 Blue Sky Report® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages.
With the holidays approaching, auction lanes are following the trend of past weeks of being slow.
Does the Safeguards Rule apply to the dealership’s service drive? The short answer is ‘yes’.
E-signature and e-contracting technologies are more widespread, but digital e-vault tools for securitization and collateralization are focus for 2023
Mazda Motor Corp. reports sufficient parts inventories will keep production status quo despite COVID lockdowns at Chinese suppliers.
Last week was a short week with the Thanksgiving holiday, and the auction results reflected this with the level of declines continuing, but at the lowest level we’ve seen since the third week of July.
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