Dealers

Web-Based Revolution DealerXT

Blogs, Dealers

Upgraded AI-Powered Web Platform Revolutionizes Customer Interactions and Streamlines Dealer Operations   Web-Based Revolution DealerXT. In a groundbreaking announcement, SafeDealsAI by DealerXT has revealed plans to discontinue the Blue Tablet, marking a significant shift towards their innovative web-based platform. This transition underscores their commitment to providing innovative solutions for dealers and customers alike, with faster […]

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Honda Revolutionizes EV Batteries

Blogs, Dealers

How Solid-State Technology Is Set to Transform Electric Vehicles   Advancing EV Technology Honda Revolutionizes EV Batteries. Honda is taking a major leap in electric vehicle (EV) development with its innovative solid-state batteries. These next-generation batteries promise to redefine EV performance, offering improved safety, cost efficiency, and longer lifespan. Production Begins in 2025 Solid-state battery production

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GM Announces Major Recall

Blogs, Dealers

Discover the Affected Models and Essential Next Steps GM Recall Alert: Over 460,000 Vehicles Impacted by Transmission Issue GM Announces Major Recall. General Motors is issuing a major recall for specific models equipped with diesel engines. The impacted vehicles include: 2020-2022 Chevrolet Silverado 1500, 2500, 3500 2020-2022 GMC Sierra 1500, 2500, 3500 2021 Cadillac Escalade, Escalade

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CarMax Sales Increase

Blogs, Dealers

Rising Demand Drives Growth in Used Vehicle Transactions for CarMax   Used Vehicle Sales Grow 2.9% CarMax Sales Increase. CarMax reported that combined retail and wholesale used vehicle unit sales reached 352,478 in the second quarter ending August 31, marking a 2.9% increase compared to last year. Retail Sales Surge by 5.1% Total retail used

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New Car Inventory Growth

Blogs, Dealers

Rising Stock Levels Offer Buyers More Options Amid Market Changes   Sales Drop 1.8% from 2023 on Adjusted Basis New Car Inventory Growth. According to a joint forecast from https://www.jdpower.com/ and GlobalData, total new-vehicle sales for September 2024, including retail and non-retail transactions, are projected to reach 1,164,900. This marks a 1.8% decrease compared to

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State Attorney General Lawsuit

Blogs, Dealers

Odometer Fraud Allegations Spark Legal Action Against Car Dealer   Allegations of Illegal Odometer Rollbacks State Attorney General Lawsuit. Indiana Attorney General Todd Rokita has filed a lawsuit against an Indianapolis-based dealership, accusing it of fraudulently rolling back odometers on numerous vehicles. Consumers believed they were purchasing low-mileage cars, only to discover the vehicles had

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Fraud Losses Rising Report

Blogs, Dealers

Analyzing the Surge in Financial Losses Due to Fraud and Its Implications   Experian’s 2024 U.S. Identity and Fraud Report highlights the increasing threats of generative AI, deepfakes, and cybercrime. These emerging threats are intensifying pressures on businesses, including dealerships. The report provides valuable insights into these evolving fraud trends and shifting consumer expectations. Impact

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Auto Refinancing Future Expansion

Blogs, Dealers

Industry Leaders Project Positive Growth Trends Amidst Evolving Market Conditions   Auto Refinancing Future Expansion. As the Federal Reserve considers potential interest rate reductions this month, auto refinancing firms anticipate substantial growth. These forecasts could have notable impacts on dealerships and their operations. Implications for Dealerships Enhanced Consumer Savings With competitive refinancing options becoming more

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August 2024 Used Inventory Decline

Blogs, Dealers

Examining the Factors Behind the Decrease in Pre-Owned Vehicle Stock Last Month   CarGurus’ August 2024 U.S. Intelligence Report Highlights Inventory Shifts CarGurus has released its August 2024 U.S. Intelligence Report, revealing a continued drop in used vehicle inventory. The report indicates that used inventory levels fell by 2% year-over-year (YoY) in August, and are

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Boost Dealership Efficiency Growth

Blogs, Dealers

Discover the Key Advantages of SafeDealsAI and How It Can Revolutionize Your Dealership Operations   Boost Dealership Efficiency Growth. Dealers face numerous challenges, from ensuring legal compliance to building customer trust. SafeDealsAI offers advanced tools designed to address these challenges, providing dealerships with a significant competitive edge. This article explores how SafeDealsAI helps dealers avoid

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