vAuto’s Mandi Fang Earns An Automotive Honor

04.19.2016

I love it when somebody I know gets recognition they deserve. Many years ago, I found myself on the opposite side of a table with a very impressive woman. I remember her tenacity as a negotiator, as well as her command of minute details related to the deal at hand. She stood tall at a [...]

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4 Ways To Turn Auction Cars Into Advantage At Your Store

04.13.2016

You could say auction cars offer a blessing and a curse for dealers. The blessing is that auction cars are always available—offering a way for dealers to acquire inventory they need that they can’t get through trade-ins. For most dealers, auction cars make up 30 percent or more of their used vehicle inventory. But auction [...]

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NADA 2016 Wrap-Up: A Few Thoughts As The Convention Closes

04.04.2016

For much of the past year, I’ve been concerned that dealers might be forgetting that the car business is cyclical. I worried that dealers would take the past five-plus years of record-setting growth in new and used vehicle sales for granted. That they would overlook the reality that the good times simply can’t last forever. [...]

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NADA Day 3: A Touching Moment That Inspires And Transcends

04.03.2016

I need to go off the reservation for today’s NADA dispatch. It’s not that today’s time on the NADA exhibit floor wasn’t noteworthy. Rather, it’s because something far more personal and profound occurred elsewhere—at the Baccarat Bar at the Bellagio Hotel. Something that brought tears to my eyes, and that I’ll treasure forever. I had [...]

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NADA Day 2: A Few Firsts From The Floor

04.02.2016

It was a lively, long day on the exhibit floor at NADA on Friday. A dealer joked, “Dale, I heard things weren’t going so well, and that you’re selling socks at NADA this year.” The truth is, I was giving away Stockwave-themed socks as part of our launch of the innovative wholesale sourcing solution. I [...]

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NADA Day 1: Cox Lays Plans For A Successful NADA

04.01.2016

I had an eye-opening thought while standing before hundreds of Cox Automotive team members gathered for pre-NADA meetings here in Las Vegas. In all of the 47 years I’ve come to NADA, there’s never been a company with the scale and scope of produc ts and solutions that Cox Automotive offers to dealers—as well as one [...]

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Final Countdown: Stockwave Is Set To Sail At NADA

03.30.2016

Thanks to the Cox Automotive family, Stockwave has started strong. We’ve signed up hundreds of dealers in our lead-up to Stockwave’s official debut at the National Automobile Dealers Association convention in Las Vegas. It’s really a proud moment for all of us at Cox Automotive, given that Stockwave represents the first broad-scale example of our [...]

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Three Take-Aways From Honda’s Used Vehicle Stop Sale

03.17.2016

It’s been a little more than a month since American Honda Motor Company told its Acura/Honda dealers to stop selling used vehicles affected by the airbag-related recall. In that time, Honda has informed dealers how it plans to make up for the disruption the “stop sale” will create in their used vehicle businesses. As I’ve [...]

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3 Tips To Stay Strong In New Vehicles As Sales Volumes Slow

03.16.2016

You can already see signs that 2016 won’t be the same as the past few years in new vehicles: Incentives are on the rise. An Automotive News article notes that incentives are climbing as a percentage of new vehicle transaction prices. Overall, incentives ran nearly 9 percent last month, slightly less than December, but up [...]

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3 Ways To Power Through The New Car Sales Plateau

03.03.2016

Maybe it’s the sub-zero temperatures or forecasts of heavy snow across the country. Or maybe dealers are getting smarter. Either way, there’s a bit of cold, hard reality in the air. More analysts and dealers are recognizing that while 2016 should be a decent year, it won’t be as good as 2015 or the previous [...]

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