NADA, Tesla, pitchforks and torches -- a missed opportunity
Posted 1:00 am U.S. ET, Jan. 23
Elon Musk drew a huge crowd last week in Detroit, when he spoke at the 2015 Automotive News World Congress. (GLENN TRIEST)
SAN FRANCISCO -- Jeb Bush and Jay Leno are the keynote speakers at this weekend’s NADA convention, which is great, because car dealers tend to love Republicans and bad jokes.
If there’s one thing many car dealers can’t stand right now, it’s Tesla. Yet here they are, thousands of them, spending a few days right in Elon Musk’s backyard. It’s hard to have a dealer ...
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Building a new fortress to protect data
Posted 2:00 pm U.S. ET, Jan. 23
| James B. Treece is a News Editor at Automotive News.|
SAN FRANCISCO -- It may be too late to be paranoid.
When it comes to protecting sensitive data against hackers, the days of building thick digital walls and moat are over, said Boulton Fernando, chief security officer at Toyota Financial Services.
We should assume the hackers are already inside our preliminary defenses, he said. Now it’s about moving the crown jewels into a safe inside a c ...
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The other side of the digital ad craze
Posted 7:15 am U.S. ET, Jan. 23
| Lindsay Chappell is the Mid-South bureau chief in the U.S. for Automotive News.|
SAN FRANCISCO -- Car dealers will be deluged with talk of digital advertising this week at the National Automobile Dealers Association’s annual convention here
Digital ad spending by dealers will increase 25 percent this year, according to a recent forecast by market watchers Borrell Associates.
But ad agency owner Terry Lancaster has some different advice for retailers: Don’t be so ...
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Navigating the great digital divide
Posted 3:30 pm U.S. ET, Jan. 23
AutoNation CEO Mike Jackson says that most customers don't want a fully digital deal in which their vehicle is delivered to their home or office. They want to come into a store, look the car over, maybe even change their minds. (DAVID PHILLIPS)
SAN FRANCISCO -- The data vs. the gut.
As auto dealers gather for the NADA convention here in the heart of the United States’ disruptive, digital culture, it’s clear that they have to navigate between those two styles of management.
Again and again, speakers at the Automotive News Retail Forum on Thursday explained how they were adapting to the shopping styles of modern consumers, ma ...
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Low gas prices - the good ... and bad for dealers
Posted 8:25 pm U.S. ET, Jan. 23
| Richard Johnson is print editor of Automotive News.|
A lot of auto people can't seem to make up their minds about whether low gasoline prices are in the long-term best interest of the car industry, given that they may not be in the best interest of the economy at large.But none of those people are dealers, it seems. Just ask the dealers at the Moscone Center."It sure doesn't hurt," said Steve Germain, CEO of Germain Motor Co. in Columbus, Ohio. "For ...
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SAN FRANCISCO -- Bill Fox, incoming NADA chairman, tripped and fell in San Francisco earlier this week, requiring five stitches in his chin and three trips to the dentist so far for repairs, according to outgoing NADA Chairman Forrest McConnnell.
McConnell subbed for Fox in a presentation Thursday at the American Financial Services Association Vehicle Finance Conference. ...