Recent Updates
- All
- News
- Publications
- Announcements
Lithia and Penske Compete for Pendragon Dealership Group
Several days after Lithia announced plans to acquire the dealership and fleet business of U.K. dealership group Pendragon, Penske Automotive Group submitted a significant counteroffer. Lithia is expected to re-submit their offer to win the…
Delinquency Rate for Car Loans and Credit Cards Has Increased to the Highest Level in over a Decade
The delinquency rate for car loans and credit cards has increased to the highest level in over a decade, a sign of financial stress among consumers as inflation and rising interest rates eat into household…
Recent CDK Survey Shows Only Few Automotive Dealers Have Implemented AI Solutions Despite Showing a Significant Interest
According to a recent survey by CDK, despite a significant interest from most automotive dealers, few have implemented AI solutions. The most commonly used solutions, Parts Inventory Predictors and Consumer Credit Predictors, were used by…
77% of Dealership F&I Teams Believe In-Person Interaction with Sales Reps is Key to Increasing Business with Lenders
While AI has penetrated various aspects of the automotive industry, many dealers have yet to embrace it in the sales process. According to the J.D. Power 2023 U.S. Dealer Financing Satisfaction Study, 77% of dealership…
Illinois Passes Bill Explicitly Permitting Dealers to Deliver Vehicles to a Customer’s Home and Conduct Sales Activities Online
Illinois Gov. J.B. Pritzker recently signed Senate Bill 1896, which clarifies language regarding automotive retailing in the state. Licensed dealers are now explicitly permitted to “conduct sales activities, including the collection of electronic signatures, via…
