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Newsby StaffAugust 21, 2019

Beverly Hills BMW Sold in Recordbreaking Deal

The four-acre, 93,000-square-foot Beverly Hills BMW has been sold for $70 million, an amount billed as the highest ever paid to acquire a Los Angeles auto dealership.

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Newsby StaffAugust 20, 2019

Report: Auto Dealers Stand Out Among Reputation-Dependent Industries

Reputation.com’s 2019 Auto Reputation Report finds reputation drives sales volume, charting a 1% increase in sales for every 30- to 40-point increase in reputation score for auto dealers.

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Newsby StaffAugust 20, 2019

ReconVelocity Aims to Modernize Reconditioning

A new company launched by ELEAD1ONE founder Hugh Hathcock was founded to bring automation and optimization to dealers’ used-vehicle reconditioning processes.

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Newsby StaffAugust 20, 2019

Manheim Boosts Investment in Simulcast Technology

Citing increased dealer engagement, Manheim announced the addition of a slew of new features to its Simulcast live online auction platform.

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Newsby StaffAugust 14, 2019

Survey: Youngest Car Buyers Visit Most Dealerships

Members of Generation Z reported visiting an average of 3.8 dealerships on their car-buying journey in an Urban Science poll, which found the majority of U.S. consumers still lean on dealerships for critical information — and test-drives.

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Newsby StaffAugust 14, 2019

AutoNation’s Blackwell Joins NuVinAir as SVP

NuVinAir Global has named former AutoNation and CarMax executive Troy Blackwell senior vice president of global operations.

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Newsby StaffAugust 13, 2019

TradeRev Adds Two Midwest Markets

TradeRev has brought its digital-driven dealer-to-dealer auction platform to Kansas City and Minneapolis, continuing a nationwide expansion.

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Newsby Tariq KamalAugust 13, 2019

Days’ Supply Hits 71 on Weaker Sales

The latest report from the Automotive News Data Center finds U.S. franchised dealers were sitting on nearly 3.8 million new units as of Aug. 1, a 27-year high.

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Newsby StaffAugust 13, 2019

Survey: Car Buyers Prioritize Experience Over Price

Roadster analysts say many American car buyers and lessees are wary of F&I product presentations and frustrated by lengthy, inefficient processes and a lack of transparency in pricing.

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Newsby Tariq KamalAugust 12, 2019

Nissan Takes Step Back in Full-Size Truck Market

Nissan will end production of the diesel V-8 variant of the Titan XD in December after failing to capture more than a fraction of U.S. full-size pickup sales in the first half of 2019.

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