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Tekion’s Kang first to join DCG’s new advisory board
Tekion executive George Kang been named the first member of The Dave Cantin Group’s newly launched advisory board, the dealership merger and acquisition advisory company announced. DCG said the board will be comprised of automotive experts to help drive the company’s next phase of growth and support new company initiatives. Kang, executive vice president of partner and OEM Solutions for cloud-based dealer management system provider Tekion, will provide DCG with strategic support across its data and intelligence portfolio, the company said. That includes the commercialization strategy for DCG’s artificial intelligence-powered dealership analysis tool Jump IQ as well as supporting critical […]
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Auction sales increase for second straight year, but gains may be short-lived
After reaching a “post-pandemic nadir,” wholesale auction sales climbed for the second straight year, jumping nearly 10% in 2024. But with a staggering drop in lease maturities on the horizon, sales are likely to remain static in 2025 before moving up a bit in 2026. That’s according to the latest AuctionNet data and accompanying commentary from the National Auto Auction Association. There were 6.74 million auction sales last year, which beat 2023 figures by 9.6%, NAAA said. While still below the pre-COVID 8.18 million auction sales were 16.4% stronger than 2022, when the market hit a post-COVID bottom of 5.79 […]
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Deloitte survey shows hybrids poised to pounce on ‘EV inertia’
U.S. consumers seeking a more fuel-efficient and cost-effective alternative to traditional gas-powered cars are now looking at hybrids rather than battery electric vehicles, according to a new study by Deloitte. The accounting/consulting firm’s 2025 Global Automotive Consumer Study found American consumer intent to purchase a hybrid or plug-in hybrid for their next vehicle rose 5 percentage points from the 2024 survey to 26% of respondents. Not coincidentally, intent to buy a gas vehicle fell — you guessed it — 5 percentage points to 62%. EV intent, meanwhile, remained relatively flat at 5% of the respondents, down 1%, signaling what Deloitte […]
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