Hey everyone. The auto industry can be notoriously opaque, with the most sophisticated dealer operators keeping things pretty discreet.
That’s where Car Dealership Guy comes in—
We’re currently focused on demystifying the industry through insights, content, and news. But we’re not stopping there.
Next, we’ll introduce game-changing products and services that were once unimaginable.
The goal? Smarter, better-equipped dealers who can offer a radically improved car buying experience worldwide. Thanks for coming along on the journey.
— CDG
1. Lithia Motors buys 3 Florida stores, Sonic Automotive divests Nissan dealership
Driving the news: Dealership buy/sell activity remains robust in 2024, even as profits cool from their pandemic highs. In Q2, 84 dealerships changed hands—a slower pace than Q1 but still a sign of strong interest in acquisitions.
Here are five deals driving M&A activity in August and September, including Lithia Motors’ acquisition of three Florida dealerships and the sale of Bulldog Kia in Georgia.
Other notable transactions include the sale of Hyundai and Nissan stores in Texas and Sonic Automotive’s decision to sell a Washington Nissan dealership … Read more
2. New and used car prices decline in Aug. but buyers are still hesitant
Car prices are down, and inventory levels are rising, but affordability issues continue to hold back demand in both the new and used vehicle markets.
By the numbers: According to Cars Commerce’s August report, new car prices have dropped 2.5% year-over-year, with supply up 40.2% compared to 2023.
Meanwhile, used car prices fell 4.9% annually, though inventory has remained mostly flat.
Despite these trends, consumer demand is down, with new car interest falling 6.6% and used car interest dropping 3.4%.
While prices have improved, affordability gains have been slight, leaving many buyers waiting for bigger changes in the market … Read more
Dealerships that sell vehicles across state lines know out-of-state titling and registration can be a headache. That’s why DLRdmv created DLR50 – The nation’s fastest-growing interstate titling platform.
DLRdmv understands the impact these deals can have on your business. With DLR50, your dealership now has 24/7 portal access to calculations, pre-filled forms, checklists, inquiries, plus white glove processing and specialist support, DLR50 is a game-changer.
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Out-of-state deals don’t have to be complicated! Let DLR50 simplify the entire process for you and your team.
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DLRdmv – “The Dealer’s DMV”
3. GM expands EV charging network with Tesla Supercharger adapter
General Motors EV drivers can now tap into Tesla’s massive Supercharger network, but it’ll cost them.
Big moves: GM has added over 17,800 Superchargers to its charging options, though drivers will need to fork out $225 for an adapter. Future GM models will have Tesla’s charging port built-in, making charging easier.
This move tackles one of the biggest hurdles for EV buyers—reliable charging—and could give GM an edge in boosting EV adoption by offering access to the best network in the game … Read more
Have a tip for our editorial team? Send us your scoop at [email protected].
A stop-sale was issued for the VW ID.4 due to an overdoor handle defect.
Hyundai and Waymo are in talks about building possible self-driving taxis.
Tesla warns against Supercharger extension cords.
Treasury rule would expand tax credits for installing EV chargers.
Ford calls Chinese car companies an 'existential threat.'
Thanks for reading everyone.
— CDG
