OPENLANE, an operator of digital marketplaces for wholesale used vehicles, recently debuted Absolute Sale, a sale format that designed to enable sellers to signal they are committed to selling a vehicle to the highest offer on a given day. The company says the feature increases buyer confidence and visibility, boosting engagement and optimizing seller returns.“With…

If they do nothing else to prevent theft, dealers must at least never allow people to drive off in one of their vehicles alone. Pexels/Megapixelstock Jim Lawyer recently bought a vehicle, and when he test-drove it, he may or may not have been surprised that the salesperson didn’t ride along and that no one even…

The Reynolds and Reynolds Co. announced official details of its Reynolds Retail Summit: Amplify 2024. It will be held at Lansdowne Resort in Leesburg, Va., on Aug. 19 and Aug. 20. The annual event seeks to foster an environment where guests explore collaboration and innovation. “Last’s year’s summit was a resounding success, and we’re excited…

The majority of the Chrysler Dodge Jeep Ram’s new-vehicle sales last year were light trucks. A Houston-area dealership recently sold in a transaction brokered by Kerrigan Advisors. Northwest Chrysler Dodge Jeep Ram was sold by Salt Lake City-based Ken Garff Automotive Group to Texas-based Keating Auto Group in what Kerrigan said is the 17th Texas…

EV-leaning consumers’ nontraditional preferences include prescheduled test drives, online financing and even virtual-reality showrooms. Pexels/Brett Sayles Electric-vehicle buyers want a more personalized auto shopping experience, according to a new study that gauged transportation trends. The McKinsey & Co. Future of Auto Retail Consumer Survey found shoppers leaning toward an EV purchase put a premium on…

Sales were also up in the certified preowned segment, though it’s flat year-to-date. Used retail vehicle sales jumped in May to the strongest volume in more than two years. The 16% surge to 1.6 million units, reflected in both month-over-month and year-over-year comparisons, was seen for franchised and independent dealers, Cox Automotive said. It ate…

The Mustangs’ clutch pressure lines might not be well-secured, leading to a domino effect that could result in fire. A do-not-drive warning has been issued for more than 8,100 2024 Ford Mustangs due to an issue that presents risk of fire. In what’s termed an “urgent” safety recall, Ford warns owners of the vehicles to…

The Tesla Model Y was the top global seller last year, the first purely electric model to lead. Worldwide auto sales rose 10% last year, despite economic and political challenges, according to a new analysis by Jato Dynamics. The bump in new passenger car deliveries across 151 markets to 78.3 million units was dominated by…

A good story can make the difference between the customer identifying with the value of a benefit or just saying, ‘No, thanks.’ Pexels/Monstera Production Have you ever heard the phrase, “Never let facts get in the way of a good story”?  Anyone who has ever had his or her significant other correct facts in real…

Customers can tailor the deal they are offered based on personal buying preferences and initiate the purchasing process via the dealer’s preferred digital retailing partner before visiting a store. automotiveMastermind Data and technology provider automotiveMastermind introduced Showroom to its Mastermind technology. The offering is designed to transform each customer touchpoint into a discovery opportunity for…