The retail car market continued to chug along in November, helped by generous incentives, hitting a SAAR of 17.5 million units, a bit up compared to the same month in 2018. The average transaction price also continued to rise, according to Kelly Blue Book. It was up $387 in November compared to the same time in 2018. Ford Motor Co. is looking at de-contenting its cars, removing features consumers don’t really use, to bring the cost down, CEO Jim Hackett told Automotive News.
Dealership group owner Manuel Prieto sees taking care of his customers as the way to keep moving the metal. But that starts with taking care of his employees, Prieto told ABSR in a recent interview. He is growing his small dealership group in California’s Central Valley – his latest acquisition is a Mazda franchise. Read his profile to learn more.
Data security is an ongoing concern for dealers. Or at least it should be an ongoing concern. This week, Monica Baumann at Scali Rasmussen discusses how to prevent data breaches. Some of the measures are as simple as better password protection and limiting access to sensitive data. Is your dealership taking even these simple steps? Not doing so can be costly in monetary and reputational terms.
And of course we have Transaction News.