The automotive industry faces unprecedented challenges in protecting customer data privacy. As vehicle transactions increasingly move online and dealerships collect more personal information, the need for robust security measures has never been more critical. Central to this process is the use of encryption in safeguarding customer data in automotive retail to avoid privacy breaches, and how dealerships can implement encryption to protect their customers and…

Sale of Lafayette’s top volume luxury dealership marks Kerrigan Advisors’ 281^st dealership sold since inception, and 68^th luxury franchise sold since 2014; transaction illustrates continued buyer demand for high-quality, low-risk…

Auto industry honorees were recognized at Cherokee Media Group’s Used Car Week

RENTON, WA – December 3, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that CFO Shirley Jones was honored with a 2024 “Women in Retail” award from Cherokee Media Group. This…

In recent years, electric cars have become a central focus of the automotive industry and an increasingly popular choice for environmentally-conscious drivers. As technology evolves and concerns about climate change intensify, electric vehicles (EVs) are offering an innovative and…

Breaking down on the road is every driver’s nightmare. Roadside assistance services are a lifesaver, offering timely help to get you back on track. Whether you drive a compact car, a motorcycle, or a heavy-duty truck, having tailored roadside assistance ensures you’re prepared for any unexpected situation. This article explores how roadside assistance caters to different types of vehicles and the benefits of choosing the right…

Sale of Houston's high volume Chevrolet dealership highlights strong buyer demand for dealerships in Texas, the nation's second fastest growing market; marks Kerrigan Advisors’ 280^th dealership sale, and 19^th Texas franchise sold since 2023

Houston, TX – November 25, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Conroe, Texas-based Buckalew Chevrolet…

1) Forecast from “bottom up”, not top down, team memebrs must participate!

2) Begin with last 90 days of activity

3) Contact your mfg. for insight

4) Look at market & economic…

As legendary American football coach Vince Lombardi once said: “Leaders aren't born, they are made, and they are made just like anything else, through hard work.”



Training your dealership's new leaders, rather than simply anointing them into positions based on tenure, loyalty, or informal recognition, is crucial for long-term success. Here’s why training new leaders is significantly more beneficial than relying on anointing individuals to…

FOR IMMEDIATE RELEASE 

DEALNOW INDUSTRY SURVEY HIGHLIGHTS GROWING FRUSTRATION CONSUMERS FEEL WITH DEALERSHIP TRADE-IN QUOTES AND THIRD-PARTY SERVICES 

Consumers Believe Selling to Individuals Yields Better Prices Than Auto Dealer Trade-Ins or Third-Party Platforms 

Alpine, Utah – (October 29, 2024) – DealNow, a platform for…

by: Richard Nimphie, Dealer Management Coach

I am thankful for my mentors and am dedicated to assisting others likewise. Here are few fundamentals I learned through my mentors.........

1.Employee culture and retention:  I learned the importance…

DALLAS, TX – October 22, 2024 – Kerrigan Advisors, the leading sell-side advisor and thought partner to auto dealers nationwide, represented Dallas, Texas-based Cowboy Toyota in the sale of its dealership to The CAR Group (also known as Norm Reeves), the 23^rd largest US dealership group as ranked by Automotive News. This transaction represents Kerrigan Advisors’ fourth Texas Toyota franchise and 18^th Texas franchise sold since May 2023. Kerrigan…

Four Sources of OTDBs (Opportunities to do Business)

1)Walk-Ins for the first time

*Usually represents 50% of sales, however, should be less given the remainder of OTDB sources

 2)Internet OTDB…

Why Effective Onboarding Is More Important Than Ever

Meighan Newhouse

Forbes Councils Member

1 Employees need to be immersed in your culture from day one.…

Custom Report Offers Real-Time Visibility for Unique Dealership Inventory, Plus Key Data to Make Better Markdown Decisioning

DETROIT — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today a new Risk Report, offering a unique and customized view of a dealer’s inventory carryover, markdown, and aged risk data. This free report offers insights that…

 

New survey from eLEND Solutions shows 76% of dealerships today are less likely to want their DMS to handle the majority of sales and finance processes, and worry most about data breaches and phishing attacks, but lack adequate security assessments from vendor partners.

Foothill Ranch, Calif. – October 8, 2024 – The majority of auto dealerships are less likely to want their DMS to handle most of their sales and finance processes today than…

42% of credit unions report loan volume growth year-over-year, and 57% feel optimistic about rest of 2024, according to a new CULA survey, but uncertainties about presidential election and finance market pushing relief from liquidity and delinquency crises to 2025

San Diego, CA…

FOR IMMEDIATE RELEASE 

INTRODUCING DEALNOW: THE FIRST SAFE AND INSTANT PERSON-TO-PERSON ONLINE VEHICLE TRANSACTION PLATFORM 

Delivers Safe, Fast, and Fraud-Free Vehicle Transactions—Offering Instant…

As data breaches and cyber threats are more prevalent than ever in the automotive industry, the importance of data privacy and the sense of urgency of implementing solutions cannot be overstated. Industries like finance and healthcare have long understood the critical need to safeguard sensitive information, and they have established strict guidelines, laws, and mandates to protect consumer data.

The automotive industry, however, is only beginning to catch up. Despite the…

Automotive group collects thousands of school supplies and hundreds of backpacks at its dealerships in Western Washington and Southern California to distribute in the communities they serve

RENTON, WA – September 18, 2024 – “Car Pros Cares,” the charitable arm of the Car…