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Convenient access to service is an avenue for increased dealership profit
Where can dealerships find untapped profits? According to a recent Car Charts article titled "Convenience is King" by independent automotive researcher Glenn Mercer, profits are sitting in service departments. The franchised motor vehicle industry currently holds a 30 percent market share of post-warranty vehicle repairs, with an estimated market value of $350 billion. If the industry can capture just 1 percent more of the... -
Wards Auto: How dealers can win over Gen Z buyers
This year’s Urban Science/Harris Poll offers welcome news for dealers looking to boost profits, gain customers, and build loyalty. Data shows Generation Z consumers highly value dealerships, even more than just a year ago. -
CBT News: Consumer demand shifts towards smaller vehicles due to affordability concerns
CBT Now delved into spring 2024 sales results and what they mean for the automotive industry’s trajectory in an interview with Cox Automotive Senior Economist, Charlie Chesbrough, who analyzes the factors driving vehicle sales and what lies ahead for automakers, dealers, and consumers amid economic turbulence, shifting consumer preferences, and the upcoming election year, factors driving vehicle sales and what lies ahead for automakers, dealers,... -
OEM Incentive Programs Return
Despite initial skepticism, the OEM's new commitment to manufacturing discipline may need to catch up. One consequence of this is the reappearance of old incentive programs. A recent report by Automotive News revealed that Ford Motor Company has reintroduced stair-step incentives to help sell its 2023 F-150 inventory. Under these incentives, dealerships receive $750 per vehicle if they meet their sales target and $1,000... -
Fisher Phillips: Auto dealers - If you haven’t been filing EEO-1 reports, it’s time to rethink everything, and fast
If you’ve always thought your dealership couldn’t face any real trouble for not filing your EEO-1 reports, it’s time to think again. The feds just filed lawsuits against 15 employers across the country – including two dealerships – because they are alleged not to have filed the mandatory reports. This is the first time the EEOC has taken such a drastic step, and it... -
GCADA Click It or Ticket Partnership
Our association's members have a long-standing tradition of supporting important public service campaigns since 1993. One notable cause we've actively supported for the past three years is our collaboration with law enforcement agencies through Hamilton Co. Safe Communities, as well as state and local public officials, to endorse the annual "Click It or Ticket" campaign.