Urban Science

Urban Science: U.S. automotive dealer count held steady as throughput hits post-pandemic high in 2023

Retrieved on: 
Wednesday, February 21, 2024
EVS, COVID-19, ICE, Science, FAR, Urban, Urban Science

DETROIT, Feb. 21, 2024 /PRNewswire/ -- Urban Science® today announced highlights from its 2023 year-end Automotive Franchise Activity Report (FAR), which shows continued stability for the U.S. automotive retail dealer network and a 13% rise in new-vehicle sales, primarily driven by non-retail sales.

Key Points: 
  • DETROIT, Feb. 21, 2024 /PRNewswire/ -- Urban Science® today announced highlights from its 2023 year-end Automotive Franchise Activity Report (FAR), which shows continued stability for the U.S. automotive retail dealer network and a 13% rise in new-vehicle sales, primarily driven by non-retail sales.
  • Annual dealership throughput – the number of vehicles a dealership sells – rose from 759 in 2022 to 851 in 2023 (an increase of 92 units), the highest level the U.S. automotive retail dealer network has achieved since the arrival of the COVID-19 pandemic and subsequent chip shortage.
  • Based on a sales forecast of 16.1 million units*, Urban Science projects throughput to rise to 880 units – a new post-pandemic record – in 2024.
  • According to the Urban Science 2023 year-end FAR, 96% of core-based statistical areas (CBSAs) in the U.S. had virtually no net change (+/- one store) in dealerships.

Orbee Taps the Power of Urban Science's Unrivaled Industry Sales Data to Empower Dealerships to Focus on In-Market Shoppers and Optimize Marketing Campaigns

Retrieved on: 
Monday, February 5, 2024
DMS, Urban, Urban Science, Sale, CRMS, Entrepreneurship, NADA, CRM, Marketing

IRVINE, Calif., Feb. 5, 2024 /PRNewswire-PRWeb/ -- Orbee Inc., a leader in customer experience middleware for the automotive industry, announces an integration with Urban Science®, a leading automotive consultancy and technology firm. This integration enriches dealership first-party data with Urban Science's unrivaled industry sales data, which is updated daily, to ensure marketing dollars aren't wasted on consumers who are already out of market by prioritizing active consumers, giving participating dealers maximum bang for their buck.

Key Points: 
  • Orbee offers tremendous connectivity to marketing platforms that unlocks dealers' ability to deploy the combined power of their data achieved by Orbee and Urban Science working together in the marketplace.
  • Leveraging the combined power of Orbee and Urban Science expands participating dealers' visibility to the entire market.
  • "I'm excited about the integration with Urban Science, a data company with a proven track record in our industry," stated Atul Patel, Co-Founder and CEO of Orbee.
  • To learn more about this new addition to Orbee's Data Marketplace, schedule a demo with Orbee at NADA 2024.

Dealer World and Dealer Funnel Announce Integration that taps Urban Science's Extraordinary Industry Sales Data to Enhance Marketing Decision-Making

Retrieved on: 
Friday, February 2, 2024
Customer engagement, Sale, Urban Science, CRMS, Communication, Marketing, Car dealership

LAS VEGAS, Feb. 2, 2024 /PRNewswire/ -- Dealer World and Dealer Funnel are excited to announce an integration with Urban Science, a leading automotive consultancy and technology firm .

Key Points: 
  • LAS VEGAS, Feb. 2, 2024 /PRNewswire/ -- Dealer World and Dealer Funnel are excited to announce an integration with Urban Science, a leading automotive consultancy and technology firm .
  • Dealer World and Dealer Funnel will integrate this valuable data into their platforms, enabling dealerships to make more efficient and precise marketing decisions and achieve superior outcomes.
  • Data-Driven Decision Making: By harnessing Urban Science's data, Dealer World and Dealer Funnel empower dealerships to make data-driven decisions, ensuring targeted and effective marketing campaigns.
  • Rick Jones, Vice President AdTech at Urban Science said, "Our collaboration with Dealer World and Dealer Funnel revolutionizes how dealers access the unrivaled speed, depth and accuracy of our company's industry sales data.

Urban Science: U.S. automotive dealer count remains stable, dealership throughput expected to rise to highest level since pandemic

Retrieved on: 
Thursday, August 10, 2023
FAR, Science, EVS, COVID-19, CBSA, EV, Urban, Urban Science, Car dealership, Fireworks

Dealership throughput – the number of vehicles a dealership sells – is projected to rise to 842 in 2023 (from 759 in 2022), which would be the highest throughput level the U.S. automotive retail network has seen since 2019, prior to the arrival of the COVID-19 pandemic in 2020.

Key Points: 
  • Dealership throughput – the number of vehicles a dealership sells – is projected to rise to 842 in 2023 (from 759 in 2022), which would be the highest throughput level the U.S. automotive retail network has seen since 2019, prior to the arrival of the COVID-19 pandemic in 2020.
  • According to the Urban Science midyear FAR, a record-high 99% of core-based statistical areas (CBSAs) in the U.S. had virtually no net change (+/- one store) in dealerships.
  • EV sales expected to exceed 1 million units, drive record market share; non-retail sales continue to lead the way.
  • Top five states by 2023 EV sales volume (as of July 1, 2023)

Urban Science launches daily CPO lead-defection alerts, additional SalesAlert enhancements

Retrieved on: 
Wednesday, July 19, 2023
Investment company, Marketing, Same, Defection, Urban Science, Urban, CPO, Sales

DETROIT, July 19, 2023 /PRNewswire/ -- Urban Science® today announced significant enhancements to its SalesAlert™ solution, introducing an industry first feature that delivers certified pre-owned (CPO) lead-defection alerts to franchise car dealers in the U.S., empowering them to identify sales lost to CPO vehicle purchases at same- and competitive-brand stores on a daily basis. Adding CPO alerts expands SalesAlert's best-in-class defection-notification capabilities by addressing a critical dealer blind spot in lead pursuit, and by empowering sellers to more effectively focus their time and marketing budgets on leads that are still in market.

Key Points: 
  • Adding CPO alerts expands SalesAlert's best-in-class defection-notification capabilities by addressing a critical dealer blind spot in lead pursuit, and by empowering sellers to more effectively focus their time and marketing budgets on leads that are still in market.
  • "Even better, through our latest enhancements, SalesAlert creates richer opportunities to identify – and reverse – defection trends that may not have been identified otherwise.
  • Beyond daily CPO defection alerts, Urban Science's SalesAlert enhancements deliver several new features developed to guide the company's dealer clients to business certainty in even the most ambiguous market conditions:
    QuickSights dashboard: provides valuable insights regarding critical lead-defection trends, including information about zip codes, salespeople, models and segments associated with sales lost to other stores.
  • Defection DNA: offers in-depth insights regarding potential reasons behind lead defections with a single click.

STELLA™ Automotive AI Announces Rich Sands as Chief Executive Officer

Retrieved on: 
Tuesday, June 13, 2023
STELLA, J.D. Power, Rich's, Autometric, Ford, Microsoft, Metropolitan University, Business administration, Urban Science, AI, Everest University, Central Michigan University, Management

TAMPA, Fla., June 13, 2023 /PRNewswire/ -- STELLA Automotive AI, the leading provider of high-end conversational AI technology in the automotive industry, is delighted to announce the appointment of Rich Sands as the new Chief Executive Officer of STELLA Automotive AI.

Key Points: 
  • TAMPA, Fla., June 13, 2023 /PRNewswire/ -- STELLA Automotive AI, the leading provider of high-end conversational AI technology in the automotive industry, is delighted to announce the appointment of Rich Sands as the new Chief Executive Officer of STELLA Automotive AI.
  • "STELLA delivers breakthrough AI technology to the automotive retail industry, driving quantifiable improvements to dealership operations and customer satisfaction," says Rich Sands, the newly appointed CEO.
  • Mike Maroone, CEO of Maroone USA and investor in STELLA Automotive AI applauds this leadership decision, recognizing Rich's deep automotive and technology skills.
  • Geoffrey Pohanka, Chairman of the Pohanka Automotive Group and investor in STELLA Automotive AI notes, "STELLA offers an automotive AI engine that is transforming the automotive retail marketplace.

Getzler Henrich & Associates Expands its Automotive Industry Practice with the Addition of Jonathan Vukanovich as Director

Retrieved on: 
Thursday, April 13, 2023
LLP, University, Certified Public Accountant, Ally Financial, PwC, Seniority (financial), Ezra Getzler, Alderney, Commerce, Urban Science, Associate, Quicken, CPA, Automotive industry, Financial adviser, Security (finance), Management

DETROIT, April 13, 2023 /PRNewswire/ -- Jonathan Vukanovich, CPA, has been named a Director of the Automotive Industry Practice of Getzler Henrich & Associates LLC ( getzlerhenrich.com ), one of the nation's oldest and most respected middle-market corporate restructurings and operations improvement firms.

Key Points: 
  • DETROIT, April 13, 2023 /PRNewswire/ -- Jonathan Vukanovich, CPA, has been named a Director of the Automotive Industry Practice of Getzler Henrich & Associates LLC ( getzlerhenrich.com ), one of the nation's oldest and most respected middle-market corporate restructurings and operations improvement firms.
  • Mr. Vukanovich will be based in Detroit, Michigan and brings 17 years of experience in finance and restructuring to Getzler Henrich.
  • "We are pleased to welcome Jonathan Vukanovich," said Joel Getzler, Co-chair at Getzler Henrich & Associates.
  • "Jonathan is a tremendous addition to our team in Detroit," added Kevin A. Krakora, Managing Director and Automotive Practice Leader at Getzler Henrich & Associates.

Urban Science launches industry first service-to-sales conversion analysis, empowering automakers to better measure, drive sales across service-loyal customers with near-real time data

Retrieved on: 
Wednesday, March 22, 2023
Marketing, Original equipment manufacturer, Organization, Human, OEM, Urban Science, Urban, Retail, Car dealership

In doing so, this new offering unlocks new levels of business clarity, and in turn efficiency and profitability, for automakers and dealerships alike.

Key Points: 
  • In doing so, this new offering unlocks new levels of business clarity, and in turn efficiency and profitability, for automakers and dealerships alike.
  • "The Urban Science Service-to-Sales Analysis empowers OEMs and dealers to identify – and focus their sales and marketing efforts on – service-loyal customers who are still in market through a near-real time view of same- and competitive-brand defections.
  • Quantify the value of cultivating service-department customer relationships while highlighting strategic ways to capture more sales opportunities.
  • Visit the ServiceView page on the Urban Science® website for additional information about this new analysis.

LAURA KOWALCHIK JOINS COMMUNICATIONS & POWER INDUSTRIES AS CHIEF FINANCIAL OFFICER

Retrieved on: 
Monday, March 6, 2023
Urban Science, CPI International, Knowledge, PALO, University, Organization, SKF, Science, Dayco, University of Richmond, CPI, Management, Indiana University

PALO ALTO, Calif., March 6, 2023 /PRNewswire/ -- Communications & Power Industries (CPI) has appointed Laura Kowalchik as its new chief financial officer, effective today.

Key Points: 
  • PALO ALTO, Calif., March 6, 2023 /PRNewswire/ -- Communications & Power Industries (CPI) has appointed Laura Kowalchik as its new chief financial officer, effective today.
  • Ms. Kowalchik joined CPI last month from Dayco Products, LLC, a manufacturer of engine drive systems, where she served as the chief financial officer for three years.
  • Ms. Kowalchik replaces Bob Kemp in the chief financial officer role.
  • Mr. Kemp, who joined the company in 1991 and served as a division controller and corporate controller before becoming CPI's chief financial officer in 2017, is retiring.

Urban Science: U.S. auto dealership count, throughput dip slightly while EV, non-retail sales rise

Retrieved on: 
Tuesday, February 21, 2023
Science, FAR, Original equipment manufacturer, Behavior, Research, Optimism, Urban Science, Growth, Environment, CBSA, Urban science, Urban, Car dealership, Fireworks, EV

According to the Urban Science FAR, a record-high 97% of core-based statistical areas (CBSAs) in the U.S. had virtually no net change (+/- one store) in dealerships.

Key Points: 
  • According to the Urban Science FAR, a record-high 97% of core-based statistical areas (CBSAs) in the U.S. had virtually no net change (+/- one store) in dealerships.
  • In an environment with a stable dealership count, throughput is driven primarily by sales volume; considering a sales forecast of 15 million unit sales in 2023, Urban Science projects throughput will rise to around 818 units per store this year barring any unforeseen circumstances.
  • Non-retail sales rose by 12% year over year; this increase was primarily driven by fleet sales.
  • The share of EV sales also increased from 5% of all U.S. new-vehicle sales in 2021 to 7% in 2022 – a 40% increase year over year.