Industry Updates

Keep up with the latest industry news from DCG.

 

Queens-based Auto Dealership Settles With New York Attorney General

On Friday, June 16th, New York Attorney General Barbara D. Underwood announced a settlement resolving an investigation of Nemet Hyundai, Nemet Kia,…

Read more...

Online Reviews: Do They Sway Purchasing Decisions?

Word of mouth communication is an essential part of selling, as honest reviews about a car or dealership can go farther than…

Read more...

Steel and Aluminum Tariffs Could Kill One to Two Million Annual U.S. Auto Sales

There’s no doubt that talk of tariffs is making the auto industry – manufacturers and sellers alike – nervous, and for good…

Read more...

The Hidden Costs of Dealership Mergers and Acquisitions

With decades of increasing pressures in the automotive dealership space, the financial and operational challenges of running single stores and small multi-store…

Read more...

U.S. Auto Sales Remain Strong in May Despite Rising Gas Prices and Interest Rates

In terms of auto sales, May 2018 offered some unexpected good news, and some expected not-so-good news. The not-so-good but unsurprising news…

Read more...

Outbound Sales Calls: Relic of the Past, or Today’s Money-Maker?

In spite of the growth of digital channels, phone-based interaction remains a crucial part of the automobile sales process. But as previously reported…

Read more...

Bill Passes California State Assembly Prohibiting Automakers from Offering Subscriptions Directly to Car Buyers

The car subscription model sounded a bit odd when it was first introduced. Who subscribes to car ownership? In reality, however, customers…

Read more...

Making Cents of Tax Reform for Auto Dealerships

By Ryan J. McDonell, Tax Supervisor, O’Connor & Drew, PC Do you understand the implications of recent tax reforms on your dealership?…

Read more...

Premium Brand Cars: It’s All About the Tech

The automotive industry isn’t as black and white as it used to be. In the past, there were two basic types of…

Read more...

Greater Memphis Auto Dealers Association Breaks Begins Construction of Automotive Tech School

To try and fill the need for qualified technicians, some auto dealerships and even automakers have banded together and created their own…

Read more...

Using Robocalling Responsibly in Your Auto Dealership and Service Center

Automated outbound calls that use a recorded voice (“robocalls”) are part of everyday life today. As we all know, there are “good”…

Read more...

Will Amazon and Alibaba Sink Car Dealerships?

What happens if Amazon gets involved in selling cars? Should dealerships simply hang up their businesses and hope the real estate is…

Read more...

How Artificial Intelligence, Machine Learning and Predictive Analytics Sell More Cars

Imagine this scenario: it’s been a slow month in the dealership. The sales guys are playing Angry Birds or fiddling with their…

Read more...

What Auto Dealers Often Overlook in Succession Planning, and How It Can Affect the Business

By Kendall Rawls, The Rawls Group To many owners, the idea of succession planning reflects the end since it’s a strategy for…

Read more...

Email Blast Tips and Tricks for Auto Dealerships

Email marketing is one of the most effective and inexpensive ways for auto dealerships to stay in touch with their customers and…

Read more...

Dos and Don’ts for Your Auto Dealership Web Site

You probably spend a lot of time making sure your showroom looks great. The floors are clean and shiny, the cars are…

Read more...

GM Plant Improvements Point to New Engine Technologies on the Horizon

Automaker General Motors is completing improvements to three key manufacturing plants in New York State and a fourth in Ohio. The improvements…

Read more...

Dealership Class-action Lawsuits Are a Compliance Issue

Class-action lawsuits and auto dealerships have a rather deep history, one that is rather messy, filled with high-stake settlements and negotiations. A…

Read more...

Ally’s Tom Kolski Offers Insights on Floorplans for Tomorrow’s Marketplace

It’s unlikely to be news to dealership owners, but floorplan expenses – always a significant cost for any dealership – are on…

Read more...

Analysis: Could EVs Save Ridesharing Drivers Money?

While a lot of the profit and loss depends on the vehicle itself, Lyft and Uber drivers could see some cost savings…

Read more...

Uber Gives Up Testing Rights On Self-driving Car, Other Companies Follow Suit

Uber has thrown in the towel on self-driving vehicle testing in California following a crash involving one of its autonomous test SUVs…

Read more...

Steel Tariff Could Cost Be a Blow for Ford, GM

The White House proposed a 25 percent tariff on steel and a 10 percent tariff on aluminum, and in the auto industry,…

Read more...

Auto Industry Insight: Seeing the Road Ahead

The automotive industry is at a crossroads, and what we’re seeing is the industry, as a whole, facing its biggest technological transformation since the Model T made its debut over a century ago.

Read more...

Changing the Channel: Integrating Traditional and Digital Marketing Strategies For Optimal Reach

Successful marketing in the automotive industry can be a complex venture. There are many different avenues dealerships can use to reach their target audience, but it’s no longer about newspaper and magazine advertisements.

Read more...

Are you thinking about succession planning?

One of the most important things I ask dealers is “Can you show me your succession plan?” I can’t stress enough the importance of ensuring all of your hard work and determination is passed on in a manner that leaves you a legacy.

Read more...