March 2025 Blog Posts (13)

Why is the Power of Resilience Important?

Let’s start with the basics: resilience is your ability to bounce back when life or work knocks you down. It’s like being a rubber band—you stretch, you bend, but you don’t break.



Everyone faces tough times. Maybe it’s missing out on a sale, dealing with an unhappy…

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Added by Richard Nimphie on March 28, 2025 at 11:49am — No Comments

Interactive EQ launches Auto IEQ - AI-based Talent Assessment Platform Custom-Built for Auto Industry Needs

Interactive EQ, an interactive talent assessment platform that combines AI and interactive videos to measure emotional quotient (EQ), launched its Auto IEQ product for dealers/retailers, service providers, and OEMs.

 

LOS ANGELES, Mar. 25, 2025 -- Interactive EQ launches Auto IEQ - AI-based Talent Assessment Platform Custom-Built for Auto Industry Needs.

 

Former Tekion leader solves for measuring intangible skills by…

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Added by John Sternal on March 25, 2025 at 2:04pm — No Comments

The Looming Threat of Deepfakes: A New Era of Auto & Financial Fraud

In recent years, while AI has empowered dealers and lenders to enhance their businesses, it has also provided fraudsters with sophisticated tools to perpetrate financial fraud.  

 

One of the most concerning developments is the use of generative AI techniques, including deepfakes, to create counterfeit documents. Deepfakes, short for "deep learning fakes," enable fraudsters to convincingly manipulate images and texts of key loan documents, making detection increasingly…

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Added by John Sternal on March 25, 2025 at 9:26am — No Comments

What’s Preventing More Auto Retailers From Additional Cyber Defense?

Sure, technology is rapidly advancing the automotive retail and lending industries, but this evolution has also brought about new challenges in the areas of cybersecurity. The ransomware event of the summer of 2024 made many headlines, and since then the entire industry is taking a closer look at digital security.

 

Even with this increased awareness, a recent online survey conducted in November 2024 has shed light on the alarming gaps in cybersecurity practices among auto…

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Added by John Sternal on March 25, 2025 at 9:25am — No Comments

Kerrigan Advisors Represents Lou Sobh Automotive Group in Sale of Kia of Cerritos Dealership to Trophy Automotive Dealer Group

Sale of the second highest volume Kia dealership in the largest car market in the US marks Kerrigan Advisors’ 20th Kia rooftop sold and 287th dealership sold since inception

 

CERRITOS, CA – March 19, 2025 – Kerrigan Advisors, the premier sell-side advisor and thought…

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Added by Crystal Hartwell on March 19, 2025 at 6:39pm — No Comments

Modernizing Inventory Management: How Machines Can Outperform Human Dealers

As the automotive dealership industry has long relied on human intuition and historical sales data to guide inventory management decisions, dealers continue to face a constant balancing act: having the right mix of vehicles to meet customer demand without overstocking models that might sit unsold for months.

Traditionally, dealers have relied on experience, gut instincts, and past sales performance to determine which vehicles to order, how to price them, and when to move them…

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Added by John Sternal on March 18, 2025 at 12:58pm — No Comments

Dealership Buy/Sell Market Hits Record High in 2024 as US Auto Dealer Confidence Rose

  

Buy/sell transactions surged 10% YoY in 2024, with 697 franchises sold—highest since 2021; buyer confidence in valuations grew as earnings normalized; Blue Sky multiples strongest among most trusted franchises

 

Incline Village, NV – March 17, 2025 – The auto dealership buy/sell market delivered another record year of buy/sell activity with 438 completed dealership transactions, up 10% compared to 2023,…

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Added by Crystal Hartwell on March 17, 2025 at 9:04am — No Comments

Effective Interviewing Techniques

How effective are you at interiewing?



✔️ Cultural effectiveness starts with the hiring process.



✔️ Typically, in most dealerships, hiring is conducted based on immediate need, whereas recruiting should always be an ongoing process.



✔️ When hiring is done out of desperation, people are hired who would not necessarily be considered during…

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Added by Richard Nimphie on March 11, 2025 at 3:30pm — No Comments

What’s Still Needed To Truly Maximize Digital Deal Jackets

Today's leading auto retailers widely recognize the significance of digital deal jackets in their operations. These comprehensive electronic records have transformed legacy dealership processes, covering all aspects of vehicle sales. However, just utilizing a digital deal jacket isn’t enough, especially since only 20% of dealers said they utilize a digital copy of a person’s driver’s license – even with a digital deal jacket.

 

The Federal Trade Commission's Safeguards Rule has…

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Added by John Sternal on March 10, 2025 at 1:59pm — No Comments

Why Fraud Is No Longer Preventing Dealers & Lenders Access To Private Seller Inventory

The auto industry has long been plagued by the persistent issue of fraud, especially with used vehicle transactions. For years, auto dealers and their lender partners have been hesitant to acquire used inventory directly from private sellers in the private marketplace. This reluctance stemmed from the lack of access to robust identity verification and fraud prevention tools, which left dealers and lenders vulnerable and exposed to fraudulent transactions.

 

Private…

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Added by John Sternal on March 10, 2025 at 11:01am — No Comments

FORUM Credit Union Selects CULA Vehicle Leasing Program

 

Credit Union Leasing of America expands national footprint, extends reach in Indiana, bringing the benefits of leasing to more credit union members

 

San Diego, CA – March 10, 2025 – Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 35…

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Added by Crystal Hartwell on March 10, 2025 at 10:55am — No Comments

Lotlinx’s Lance Schafer to Speak at Auto Intel Summit on AI-Powered Dealerships

How Machine Learning and Vertical AI are Reshaping Inventory Management and Sales Strategy

DETROIT (March 4, 2025) Artificial intelligence is no longer an emerging technology in automotive retail—it’s a necessity. As dealerships face increasing pressure to optimize inventory, reduce risk, and drive profitability, AI and machine learning are providing new ways to automate…

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Added by John Sternal on March 4, 2025 at 12:54pm — No Comments

DealerCulture.com

I am excited to announce the launch of DealerCulture.com. This website is designed to share the experiences, insights and strategies that have shaped my career and guide dealership managers to enhance their leadership skills, cultivate strong team dynamics, and build lasting success.

Added by Richard Nimphie on March 2, 2025 at 2:50pm — No Comments

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