Sale of seven dealerships underscores strong buyer demand for growth markets like South Carolina, one of the top 10 markets requested in Kerrigan Advisors’ proprietary Buyer Database

Greeneville, SC – August 23, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Greenville, South Carolina-based MCE Automotive Group, owned and operated by the Escude family, in…

As July marked Right to Repair Awareness Month in the automotive aftermarket, there hasn’t been a better time than now to spread awareness about the importance of preserving Americans’ right to repair their vehicles, especially as congress continues to debate the necessity of the federal Right to Equitable and Professional Auto Industry Repair (REPAIR)…

National sales leader and a top 10 auto group has had record sales for each month in 2023, with its best month ever set in July 2023, retailing a total of 2,633 new and used vehicles

RENTON, WA – August 9, 2023 – Car Pros Automotive Group, one of the fastest growing automotive…

• Determine what your aging policy is going to be, then stick with it!
• Aging policy has to be “pure”. In other words, if your aging policy is 60 days, then a vehicle must be off the books in 60 days, as opposed to, "Well, its 60 days so let’s determine what we will do with it".
• The best approach to aging is to review your…

New survey from Kerrigan Advisors reveals that OEMs are looking at a new normal when it comes to dealership profitability, lower inventory levels and more OEM involvement in pricing; 68% expect some form of non-negotiable pricing to be part of future EV retail model

Incline Village, NV – August 7, 2023 – Dealership new vehicle gross margins to remain above pre-Covid levels say 90% of automotive OEMS, according to the just-released annual…

WOLTERS KLUWER SECOND QUARTER AUTO FINANCE DIGITAL TRANSFORMATION INDEX SHOWS DIGITAL ADOPTION RATE UP SLIGHTLY

Budgetary Pressures Setting In for Digital Adoption; Lenders Realizing Importance of Digitizing the Entire Transaction Process

NEW YORK – August 2, 2023 – Wolters Kluwer, a global leader in professional information, software solutions and services, announced second quarter results and analysis from its Auto…

Welcome to EpicVIN! As the leading provider of comprehensive vehicle history reports, we are dedicated to supporting dealers in the competitive automotive market. Our mission is to provide innovative solutions that empower dealers to make informed decisions and overcome challenges.

Dealers face constant pressure to meet customer expectations…

The automotive industry has always been dynamic and constantly evolving. Over the years, we have witnessed significant advancements in technology, changing consumer preferences, and shifting market trends. One crucial aspect of the industry that has seen considerable transformation is the finance and insurance (F&I) department. As the automotive landscape continues to evolve, F&I training becomes an indispensable tool for professionals in this field. In this blog post, we will…

In today's competitive automotive industry, staying ahead of the curve is crucial for dealerships to thrive. One way to achieve this is through a comprehensive training program that empowers your Sales Consultants and BD Agents to excel in their roles. Here are the top four ways Onsite & Virtual Dealership Training will help your dealership excel. …

Career is a long-term and needs to be chosen after considerations. You might like one profession, but you have to love it from the core to make a career out of it. So, the next time you are trying to make it big, it is rather important to get hold of the position, which is booming right now in the market. That position has to be right now. An automotive electrician is not a mechanic, as the services are way more advanced than basic mechanical work.…

CULA’s Used Vehicle Loan Snapshot, based on a survey of credit unions, reveals that they continue to offer car buyers a significant percentage of longer-term loans –70% offer 72 months or more – with low down payments, on high-mileage, older vehicles

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Dealership Sales Coaching is a game-changing approach to training that equips your Sales Consultants and BD Agents with the skills and knowledge needed to excel in phone interactions with customers. By providing continuous and personalized coaching, your team will be prepared to handle a variety of scenarios, resulting in improved performance and increased appointment set rates. In this article, we will explore the key benefits of Dealership Sales Coaching and how it can transform your…

CerebrumX Industry Survey Highlights Challenges That Remain For Insurance Companies In Leveraging AI Analytics Data

Most Executives Say They Don’t Have Access To Resources That Help Collect Data From Disparate Sources

DETROIT - July 11, 2023 - CerebrumX Labs Inc. (CerebrumX), a leading AI-driven automotive data management company, announced today results of a recent industry survey designed to take the pulse of…

Car Pros Automotive Group’s new state-of-the-art facility in Washington boasts significant investment in EV charging and repair infrastructure

RENTON, WA – July 12, 2023 – Car Pros Automotive Group announces the grand re-opening of its Car Pros Hyundai Renton, Washington, in a new, state-of-the-art facility. To mark the occasion, a celebration and ribbon-cutting ceremony were held on June 28th with local community…

You never hear a prize fighter say he fired his trainer directly after he won the championship belt, right? Well, that's why it's important to continue coaching and training the salespeople and BDC employees. Even after they seem to have mastered the phones and their appointment set rate is off the charts, continued coaching and training are paramount. This is what keeps them sharp! …

Scripts aren’t just important, they’re critical! And it’s not just the importance of scripts themselves but the strict adherence to them with ongoing inspection and confirmation of progress to their correct deployment. 

A strong process sets you free, we all know that. It’s proven time and again in the military, business, and academia.…

We'd be lying if we said we didn't enjoy the time when cars flew off the lot faster than we could restock our inventory. But as that excitement hit the road, have we asked ourselves, "Are we ready to sell again?" Let's be real, over the past three years, we could easily overcome objections and even achieve record levels of profit. But did we actually stick to a sales process during this frenzy? The truth is NO, most of us didn’t. …

First quarter 2023 completed transactions increase 43% compared to First quarter 2022, resulting in a record 405 transactions over a trailing 12-month period, driven by multi-dealership transactions, an increase in sellers coming to market, and private buyer interest in business-friendly states, according to the First Quarter 2023 Blue Sky Report^® by Kerrigan Advisors

Incline Village, NV – June 26, 2023 – The auto…