All Blog Posts (12,676)

MBWA

Great dealership leaders practice MBWA (Management by Wandering Around) and its benefits:



*Their Visibility Promotes Positive Culture

*Encourages Employee Engagement & Openness About Their Goals

*Builds Trust by Showing Servant Leadership

*Reinforces Company Values and Goals

*You Can Discover Your Company's Future Leaders…

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Added by Richard Nimphie on February 3, 2025 at 12:53pm — No Comments

Managing Taxes for Car Dealerships: A Comprehensive Guide

Operating a car dealership involves managing a range of complex financial and tax-related responsibilities. From sales tax on vehicles to employee-related taxes, the tax environment can be tricky for dealership owners. However, with the right knowledge and strategies in place,…

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Added by Tyler Newport on February 2, 2025 at 9:51pm — No Comments

Types of Vehicles That Are Convenient for Party Buses

When it comes to hosting an unforgettable party on wheels, choosing the right type of vehicle is essential. The ideal party bus should offer ample space, entertainment features, comfort, and safety. Whether it’s for a bachelor or bachelorette party, birthday celebration, prom…

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Added by Tyler Newport on January 31, 2025 at 10:02am — No Comments

DEALNOW.COM INTRODUCES INSTANT LOAN LOOKUP AND PAYOFF SOLUTION TO SIMPLIFY INVENTORY ACQUISITION FOR DEALERS

New Solution Enables Private Seller ‘Inventory Acquisition, Made Simple’ 

 

Alpine, Utah – (January 28, 2025) – DealNow, the first-of-its-kind service that enables secure and seamless online transactions for any vehicle –including cars, RVs, boats, and other recreational vehicles– today announced the launch of its new Instant Loan Lookup and Payoff…

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Added by John Sternal on January 28, 2025 at 10:57am — No Comments

Wolters Kluwer Releases Fourth Quarter Data For Its Auto Finance Digital Transformation Index

NEW YORK – January 28, 2025 – Adoption of digitized contracting and documentation workflows by auto retailers and their lending partners that foster back-office efficiencies saw a noticeable jump, according to analysis by Wolters Kluwer Compliance Solutions from its Q4 Auto Finance Digital Transformation Index. While Q4 adoption compared to Q3 was down slightly…

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Added by John Sternal on January 28, 2025 at 10:01am — No Comments

CULA Appoints Chris Harper as Director of Business Development

 

Harper brings 25 years of credit union industry experience to help drive growth through new partnerships and innovation

 

San Diego, CA – January 23, 2025 – Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 35 years,…

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Added by Crystal Hartwell on January 23, 2025 at 3:21am — No Comments

eLEND Identity Solutions Block $1 Billion in Potential Vehicle Purchase Fraud in 2024

 

Over 30,000 dealership driver license scans were red flagged in the past year by eLEND; company further expands suite of Identity Solutions to combat soaring fraud

 

NEW ORLEANS, LA - January 23rd, 2025 – eLEND Solutions today announced at the 2025 NADA Show that it…

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Added by Crystal Hartwell on January 23, 2025 at 3:01am — No Comments

Majority of Auto Dealerships Experiencing Data Gaps Between CRM, DMS and FMS

Snapshot survey from eLEND Solutions show dealers looking for workflow improvements between website tools and core platforms which, majority say, could raise efficiency and customer experience by 20+%; Credit Apps top list of tools needing better platform integration

 

Foothill Ranch, Calif. – January 21, 2025 – The majority of auto dealerships are experiencing data gaps between the core systems that run their dealerships – customer…

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Added by Crystal Hartwell on January 21, 2025 at 3:07am — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Toyota of Slidell to Carlock Automotive

Sale of top volume Toyota dealership in Slidell is final sale of four Bohn family dealerships; marks Kerrigan Advisors’ 285th dealership sold, 134th franchise sold in the Southern region and 50th Toyota/Lexus franchise sold since inception

 

New Orleans, LA – January 20, 2025 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented New Orleans-based Bohn…

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Added by Crystal Hartwell on January 20, 2025 at 3:00am — No Comments

Botdoc Partnership with 700Credit Enhances Credit Pull Capabilities in Botdoc Connect Platform for Dealers

Monument, Co., January 17, 2025 - Botdoc, a leading provider of secure file transfer and operational efficiency solutions, is pleased to announce a strategic partnership with 700Credit, a premier provider of credit reporting and compliance solutions for the automotive industry. This partnership will integrate 700Credit’s services into Botdoc Connect, enabling auto retailer users to perform both soft and hard credit pulls directly within the platform during the car sales…

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Added by John Sternal on January 17, 2025 at 9:35am — No Comments

Auto Dealers Expect High Valuations in 2025 as Profits Normalize

 

 

68% of dealers project valuations will increase, or remain at 2024 levels driving strong interest in acquisitions over the next 12 months; Toyota/Lexus are most trusted among dealers for the second consecutive year, but CDJR faces declining valuations and lowest-ever trust ranking, according to…

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Added by Crystal Hartwell on January 7, 2025 at 9:38am — No Comments

Exploring the World of Automotive Innovations

The automotive industry has undergone a remarkable transformation over the past few decades. From breakthroughs in engine efficiency to advanced safety features and electric vehicles, the industry continues to push boundaries. These advancements not only cater to the needs of the modern driver but also align with global goals for sustainability and safety. This article delves into some intriguing aspects of the automotive world, from innovative designs to practical tips for vehicle…

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Added by Maria Watson on January 1, 2025 at 10:21am — No Comments

Sad day for the car business

It's truly a sad day as the car business has lost an very influencer leader with the passing of Garry House.  We have been working together all year on a future project.  I will miss his intellect and…

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Added by Richard Nimphie on December 30, 2024 at 4:25pm — No Comments

Kerrigan Advisors Represents Country Auto Stores in Sale of Country Buick GMC of Leesburg

Sale of leading domestic brand in the highly desirable Washington DC market marks Kerrigan Advisors’ 284th dealership sold and 54th franchise sold in the Mid-Atlantic region since the firm’s inception

 

WASHINGTON DC – December 19, 2024 – Kerrigan Advisors, the premier sell-side advisor…

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Added by Crystal Hartwell on December 19, 2024 at 2:30pm — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Hyundai Genesis of Metairie Dealership to Matt Bowers Auto Group

Buy/sell market continues to trend towards high volume dealerships in high growth markets; marks Kerrigan Advisors’ 133rd dealership sold in the southern region since inception and 79th franchise sold in 2024

 

NEW ORLEANS, LA – December 16, 2024 – Kerrigan Advisors, the premier…

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Added by Crystal Hartwell on December 16, 2024 at 12:55pm — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Audi New Orleans to Sonic Automotive

 

Sale of New Orleans’ #1 dealership marks Kerrigan Advisors’ 282nd dealership sold, 132nd franchise sold in the Southern region and 69th luxury franchise sold since 2014; sale underscores trend of largest auto groups acquiring higher volume dealerships, as reported in Kerrigan Advisor’s Third…

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Added by Crystal Hartwell on December 13, 2024 at 2:30am — No Comments

Botdoc Launches Botdoc Connect: Advanced Secure Document Exchange Solution for Auto Dealerships

Monument, Co – (December 10, 2024) – Botdoc, the global leader in Secure Digital Transport (SDT) technologies, today announced the launch of Botdoc Connect, a digital first solution that makes the process of sharing sensitive information quicker, safer, and more convenient- by automatically populating the buyer's information securely into the dealership’s CRM.

 

Botdoc enables dealerships to safely collect and share sensitive customer information easily with…

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Added by John Sternal on December 10, 2024 at 4:30pm — No Comments

Working Together: How Auto Industry Players Are Fighting Back Against Digital Fraud

Three dealers had fallen victim to the same sophisticated fraud scheme in just one week. The story spreading through dealership break rooms across the country is becoming all too familiar. A new wave of digital payment fraud has hit the auto industry hard, with a particularly nasty scheme targeting Chinese-speaking communities through WeChat. But this time, industry veterans are taking a different approach to fighting back.

 

The Fraud Scheme That's Costing…

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Added by John Sternal on December 10, 2024 at 9:28am — No Comments

2024 Auto Dealership Buy/Sell Market on Pace for Another Record Year

 

330 buy/sell transactions, representing a record 544 franchises, were completed in first nine months of 2024, according to the Third Quarter 2024 Blue Sky Report® by Kerrigan Advisors, as more sellers came to market to capture historically high blue sky values; nearly doubling pre-covid buy/sell levels, market velocity…

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Added by Crystal Hartwell on December 10, 2024 at 8:25am — No Comments

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