• Car Dealership Guy News
  • Posts
  • Dealers mishandle leads at high rates, Morgan Stanley upgrades Carvana, Hyundai rolls out Tesla charging adapter

Dealers mishandle leads at high rates, Morgan Stanley upgrades Carvana, Hyundai rolls out Tesla charging adapter

Go deeper: 5 min. read

Hey everyone. We just hit 60,000 followers on LinkedIn! Massive thanks for the support.

Here’s what’s cooking:

A new weekly newsletter on market trends, a big stake in a content agency helping dealers crush it on social media (more soon!), and CDG Recruiting is on track for 600% sales growth.

Big things ahead. Stay tuned!

— CDG

1. Website leads are pouring in, but dealerships aren’t keeping up—report

Dealers are losing out on sales due to poor lead management—not a lack of leads.

The details: A new Foureyes report reveals that nearly half of website leads weren’t managed properly last year, including calls, forms, and chats.

The biggest issue? Timing…when a customer revisits a dealer’s website, nearly 65% of dealers don’t respond within a 24-hour window.

Want insider knowledge on the most up to date trends in auto retail?

The Haig Report® is auto retail's longest-published and most-trusted quarterly report tracking trends and their impact on dealership values. Since 2014, this report has delivered analysis on dealership performance, market trends, and franchise valuations—offering a clear view of opportunities and challenges in automotive retail.

Join the leaders in the industry who rely on the Haig Report® for:

  • Exclusive insights into dealership values and valuation trends

  • Franchise insights and outlooks on brand desirability

  • Market trends to help you make informed business decisions

  • The only report to publish blue sky values every quarter.

Subscribe to receive auto retail's longest published and most trusted report tracking trends and impact on dealership values.

2. Carvana gets stock upgrade from Morgan Stanley analysts

Carvana just got a big vote of confidence from Morgan Stanley in the form of a stock upgrade.

The investment firm also bumped Carvana’s price target to $280—suggesting a 25% upside.

But why?

According to Morgan Stanley—the retailer’s Q4 results present a strong case for steady profitability.

Big picture: Some investors are back on board—but Carvana’s success will depend on consistent execution in a volatile used car market…

Stay informed in just 5 minutes a day.

CDG Bites brings you sharp insights, delivered every weekday in audio.

3. Hyundai joins Tesla charging network in an effort to ease consumer concerns

Hyundai is taking steps to make EV charging easier.

How? 

By connecting a handful of its EV models to the Tesla Supercharger network through a Hyundai-designed complimentary NACS adapter.

And the goal? To provide convenience and peace of mind.

This is a big win for current EV owners and potential buyers, given that charging station availability ranked as the leading barrier to EV adoption in Q4.

Did you enjoy this edition of the Daily Dealer newsletter?

Tell us why or why not, down below:

Login or Subscribe to participate in polls.

Thanks for reading everyone.

— CDG

Reply

or to participate.