April 2024 Blog Posts (7)

The Jury Is Out: How Many Dealers Are Utilizing AI?

Based on a recent industry survey of auto dealership executives located throughout the U.S., approximately 31% of respondents said they still rely only on gut instinct to manage their dealership’s vehicle inventory. This represents almost one third of dealer executives who fall into this bucket. It is no wonder that the same survey also showed that the majority (36.9%) said they continue to struggle with managing inventory for both new and used vehicles.

With so much…

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Added by John Sternal on April 30, 2024 at 1:28pm — No Comments

“Proffesionalism” in Car “Sells:” Where Did it Go?

Imagine the anticipation of a customer eagerly awaiting a response after inquiring about their dream truck. The clock ticks, the excitement builds, and finally, an email notification pings. But disappointment sets in almost immediately—not only is the response late, but it's also laden with grammatical errors, spelling errors, punctuation errors, and glaring negligence. …

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Added by Chris Vitale on April 30, 2024 at 12:00pm — No Comments

5 Things Mystery Shopping Companies Can Do for Your Team's Skills

Evaluating your team’s performance is one of the most difficult and time-intensive jobs facing any management team. It takes effort and money to do the work yourself, and the data can be flawed for any number of reasons.



There are several training options available, but many of them can’t give you true insight into what your team can do to…

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Added by Chris Vitale on April 30, 2024 at 11:31am — No Comments

Car Pros Automotive Group Ranks 48th in the 2024 Automotive News List of Top 150 Dealer Groups

Marks the second consecutive year Car Pros is ranked in the top 50; the group, which represents Kia, Hyundai, Honda, BMW and MINI, is 4th in the nation in sales per rooftop

 

RENTON, WA – April 17, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that it ranked 48th in the 2024…

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Added by Crystal Hartwell on April 17, 2024 at 12:54pm — No Comments

Auto Dealership Buy/Sell Market Achieves New Transaction Record in 2023, Surpassing 2021 Peak; Valuations Remain at All Time Highs for Top Franchises in High Growth Markets

Dealership buy/sell transactions increased 6% YoY according to the Annual 2023 Blue Sky Report by Kerrigan Advisors; 680 franchises sold in 2023, an increase of 5.4% compared to 2022, defying broader corporate M&A trends

 

Incline Village, NV – April 9, 2024 – The auto dealership buy/sell market experienced a record year of buy/sell activity with 397 completed dealership transactions, up 6% compared to 2022, according to the just-released…

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Added by Crystal Hartwell on April 9, 2024 at 12:43pm — No Comments

Car Pros Honda El Monte Honored with Honda Masters Circle Award for Second Consecutive Year

Dealership recognized as one of the nation’s top 50 Honda dealerships

 

El Monte, CA – April 3, 2024 – Car Pros Honda El Monte has received the 2023 Honda Masters Circle award from American Honda Motor Co., Inc., for the second year in a row, in recognition of being one of…

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Added by Crystal Hartwell on April 3, 2024 at 12:08pm — No Comments

CULA Selected by Citadel Credit Union for Indirect Vehicle Leasing

Credit Union Leasing of America further extends its reach in Pennsylvania, bringing the benefits of vehicle leasing to more consumers in the US

 

San Diego, CA & Exton, PA – April 2, 2024 – Credit Union Leasing of America (CULA) has been selected by Citadel Credit Union to bring the benefits of indirect vehicle leasing to its credit…

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Added by Crystal Hartwell on April 2, 2024 at 1:29pm — No Comments

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