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News
Why a bigger budget doesn't guarantee your ad space (and how dealers are protecting it)
58+ min ago (1126+ words) We use this weekly space to help dealers do business better. Got an idea for a future Breakdown? Send it to [email protected] for consideration. A competitor's billboard in your primary market area? One phone call usually fixes that. Digital…...
Sutherlin Automotive bolsters California presence + Premium vehicle owners increasingly trade for mainstream
1+ day, 15+ min ago (627+ words) It’s back-to-school season, but as dealers, you always have to keep learning and improving. On that note, this week we announced our partnership with 800% Automotive Club to expand our presence in dealer leadership development. First time reading a CDG Newsletter?...
Ourisman Cars enters N.C. with acquisition
2+ day, 11+ hour ago (211+ words) Driving the news: Ourisman Cars now operates in four states after acquiring a dealership from Barnes Crossing Auto Group in a deal that closed August 3. For context: Ourisman purchased Toyota of Roanoke Rapids, in that North Carolina city. Renamed Ourisman…...
Canada, Mexico push U.S. to lower auto tariffs as USMCA uncertainty grows
2+ day, 11+ hour ago (456+ words) Canada and Mexico are pushing the U.S. to broaden the share of vehicle content eligible for duty-free treatment and lower tariffs on autos. The details: The proposals, which have reportedly been discussed in ongoing bilateral trade talks between each country and…...
Ford brings Lincoln Nautilus production to U.S. to sidestep 52.5% China tariff
2+ day, 11+ hour ago (350+ words) Ford is officially following through on previously reported plans to move production of certain Lincoln models from China to the U.S. The details: The shift, which includes production of the Lincoln Nautilus, is scheduled to begin in 2030 as Ford looks to…...
3-year-old used prices climb 38.2% since 2019
3+ day, 12+ hour ago (566+ words) The average 3-year-old used vehicle is now tipping the $32,000 mark on the market, which is a shade over $9,000 more than the 3-year-old listed in 2019. Driving the news: A new report from iSeeCars shines a light on the 38.2% increase in the…...
Kia prices EV3 below $30K as brand targets first-time EV buyers
3+ day, 12+ hour ago (398+ words) Kia has announced pricing for its EV3, aiming to position the new SUV as one of the most affordable electric vehicles on the market while appealing to a broad range of buyers. The details: The EV3, which offers up to 321 miles of…...
Murdock CDJR tops $300K service gross by utilizing technology, processes
3+ day, 12+ hour ago (669+ words) Four months ago, Phil Pecoraro threw out the projection of hitting a service gross of $280,000 at the Murdock CDJR in Bountiful, Utah. The operating partner rejoined Daily Dealer Live this week, telling host Sam D’Arc that the store blew past…...
Dealers overlook profitable used inventory sitting in their own customer databases
3+ day, 12+ hour ago (388+ words) A new report reveals that dealers paying record prices at auction for used vehicles may be overlooking one of their cheapest and most profitable sources of inventory—the vehicles already sitting in their own customer databases. The details: Trade Agent…...
U.S. auto loan originations hit record $211B as consumers remain resilient
3+ day, 13+ hour ago (358+ words) U.S. auto loan originations hit a record high in the second quarter, underscoring consumers' resilience even amid persistent economic headwinds. The details: Auto loan originations reached $211 billion from April through June, rising alongside credit card and home equity balances, according to…...