Latest from Mark Hollmer
Automotive dealers and dealerships are faced with having to adapt to a big change: The Trump administration March 26 announced 25 percent tariffs for vehicles built outside the U.S. Many dealers say they are confused without more specifics, but pledge to adapt to the new reality.
Dealership retail technology vendors believe agentic AI may be the next big thing. They’re either exploring or already embracing its capacity to boost dealership efficiency.
The malware that was stopped by Reynolds and Reynolds' Proton division appeared in a third-party vendor's video links on dealership websites.
Automotive Ventures has raised $15 million for a new startup investment fund focused on mobility technology and other sectors.
Used-car retailer CarMax and the founders of retail technology company Impel joined a new $12 million financing round for Carpool Logistics, a vehicle shipping marketplace.
Dealerships are continuing to improve how they respond to Internet sales leads, according to a new study from industry consultant Pied Piper.
Dealerships say customers aren't concerned yet about tariffs against Canada and Mexico.
Automotive stock prices were negatively impacted by President Donald Trump's tariffs enacted March 4.
Auto dealers want more efficiency, improved data security and to make better use of technologies such as artificial intelligence, according to retail technology company representatives who spoke with Automotive News.
CarGurus CEO Jason Trevisan said his company is buttressed against Amazon, in part because it sells both new and used cars. Amazon's project with Hyundai only focuses on new vehicles.
