AI is the topic of the decade. What (and who) will it replace? How will it evolve industries? Will it really help or hurt society as a whole? While we can’t speculate on the larger philosophical questions of AI, we can theorize a bit about how AI will impact our...
Dealerships looking to adapt sustainability with the changing times face a tricky challenge; they must adapt before the old technology becomes obsolete, but not before the kinks are worked out of the emerging tech. With the current landscape of large-scale dealership...
One thing experts across the automotive retail industry can agree on is that things are changing…and they’re changing fast. The trends of consolidation, an increased autonomous presence, digital dealerships, and shared mobility are all impacting the climate...
We have had several dealers over the past week or so inquire about the inventory reduction that has been caused by the current GM Strike. As you are aware, GM and the UAW have come to a tentative agreement and a union vote should be pending as we write...
We’ve noticed a definite trend of increasing obsolescence across the industry. For some time, the average for non-manufacturer guaranteed obsolescence has hovered around 10-12%, recently, it’s been trending upward towards 16-20%. We took a closer look to shed light on...
In 2017 Walmart made a relatively silent but massive wave in the automotive industry by partnering with CarSaver, a digital automotive marketplace. With this partnership, they expanded their in-store and digital offerings to include car buying with all the ease of...
Months-no-receipt and months-no-sales are critical to review when managing your inventory. Today we’ll go over how you can manage them properly to minimize obsolete and aged inventory. For years we’ve measured our inventories by the months-no-sale-report. It was the...
Despite recent press highlighting the difficulties and potential delays in self-driving technology, self-driving cars are still inevitable. The mainstream launch of these vehicles is certain to impact all sectors of the transportation industry, but some will likely...
We’re excited to launch Parts Education with Chuck Hartle! This series of free parts education webinars from our resident parts expert Chuck Hartle will help you take your parts department to the next level. This time, Chuck discusses manufacturer replenishment...
In perhaps some of the boldest predictions we’ve seen about the future of the automotive industry, Tony Seba, a Lecturer in Entrepreneurship, Disruption and Clean Energy at Stanford University, claims the following will be true by 2030. All new energy will be provided...
