I love this answer… “A.I. this, A.I. that. Will A.I. really change car dealerships?” Jeremy Nowling, Head of Digital Retailing at Rohrman Automotive Group Group explains in < 1 min.
Car Dealership Guy
Online Audio and Video Media
Follow me for transparent insights into the car market | 460K+ followers on X | Featured in Apple News & NY Post
About us
Car Dealership Guy — the internet's viral auto market commentator and economy-whisperer — shares transparent insights into the car market. Get all my free car market insights at dealershipguy.com.
- Website
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dealershipguy.com
External link for Car Dealership Guy
- Industry
- Online Audio and Video Media
- Company size
- 2-10 employees
- Headquarters
- USA
- Type
- Privately Held
- Founded
- 2022
Locations
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Primary
USA, US
Employees at Car Dealership Guy
Updates
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IRS warns car dealers of phishing blitz after CDK Global breach… Plus, EV manufacturer VinFast is quietly pushing back the launch of its U.S. factory to 2028 and Tesla CEO Elon Musk endorses Donald Trump for President after assassination attempt. Today’s top 3 stories in automotive: 1. The IRS has issued a warning to dealers and car buyers urging them to stay vigilant against scams and phishing attempts… https://lnkd.in/g5XkFHTT 2. The news from VinFast comes just three months after the company promised investors it remained on track to open the facility in 2025… https://lnkd.in/gy97AqbQ 3. Up until now, Musk has withheld his endorsement of any candidate in the 2024 presidential race. But Musk and Trump have a long history… https://lnkd.in/gpgNs4jx Read today’s automotive news, brought to you by Bumper: https://lnkd.in/gvPYCSfC
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Ford Lightning and Ford Maverick leases at price parity -- wow (From http://cdg.news weekly email)
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Big lesson from many years in auto retail: No two car shoppers want the *same* thing. Dealerships are always personalizing the in-store guest experience… But many dealers still aren’t bringing that personalization online. According to DealerOn : Personalized website content is boosting customer engagement by 2.5x. In plain English… The best dealers are presenting highly relevant content to online shoppers, resulting in meaningful sales increases. This trend will likely accelerate as the industry continues adopting AI — a positive for dealers and consumers. Learn more about DealerOn here: https://bit.ly/45EDHq7 (Data via CDG partner: DealerOn #dealeronpartner)
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Tesla will delay the debut of its self-driving robotaxi by about two months… Plus, why now is a good time for dealers to return to or start embracing used EV inventory and nearly 25% of new car buyers who traded in their old vehicle had negative equity in Q2. Today’s top 3 stories in automotive: 1. For many years, Tesla CEO Elon Musk has promised that autonomous vehicles were right around the corner, making this latest delay not so surprising… https://lnkd.in/gV_v3fzv 2. New research for Recurrent suggests that used EV prices started leveling off in the first half of 2024 and will become even more predictable in Q3… https://lnkd.in/gr-EDAuH 3. According to Edmunds, car owners with upside-down loans owed an average of $6,255 last quarter — a new record… https://lnkd.in/g3xhET-n Read today’s automotive news, brought to you by Experian Automotive: https://lnkd.in/gXnpdNVE
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Car buyers and dealers are feeling the pinch from crunched lending conditions: — High interest rates — Rising costs — More selective lenders — Stubbornly high vehicle prices, and more... You get the point ... But let's be real: For many families, the once cherished dream of owning a new car is now a distant reality, overshadowed by the harsh truth of high monthly payments and tougher loan conditions. Auto lending, as we know it, is facing a different reality... And here's what may happen next: https://lnkd.in/edYzpK_S
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EV car sales are doing something weird… April sales data shows a 12% year-over-year rise in vehicle deliveries… But there's an important detail missing. If you exclude Tesla, EV sales actually grew *75%* year-over-year — a big spike. Here's my prediction: With the recent EV price reductions and 16 new EVs coming to the market this year, market share will rise even further. For consumers – Expect more desirable EV options to hit the market, driving market share even higher. For dealers – This may represent an opportunity to capitalize on a re-accelerating EV trend. Get more EV trends and insights from Polk here: https://lnkd.in/g5UGZrjK (Data via CDG Partner: S&P Global Mobility #SPGlobalpartner)
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Detroit 3 gain and lose millions in EV investments… Plus, for 9 consecutive months, new car prices have been declining and F&I profit drivers are gaining steam. Today’s top 3 stories in automotive: 1. Ford and Michigan have canceled millions in public funding while Stellantis and GM receive massive government subsidies… https://lnkd.in/gqbKe7gZ 2. Even though the average new car in the U.S. cost around $49,000 in June, 66% of vehicles sold for much less… https://lnkd.in/gQ4XF-5f 3. According to the latest Polly Auto Insurance Report, the car insurance market has now improved for two quarters… https://lnkd.in/ggvdvpJG Read today’s automotive news, brought to you by Experian Automotive: https://lnkd.in/gZA-wsVm
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