Archive for October 2024
Driving Technology Optimization in Automotive Retail
How Technology Optimization in Drives Success for Auto Retailers Technology is at the core of every dealership’s operations in the quickly evolving automotive retail industry, from managing inventory to processing sales and interacting with customers. For dealerships to stay competitive, their technology must not only function, but operate at peak efficiency. For automotive retailers, having…
Read MoreCore Technology Needs for Automotive Retail Operations
Core Technology Needs for the Automotive Retail Industry Welcome to the first in our series of four blogs geared to automotive retail. This first post will focus on core technology needs. Future installments will cover technology and the regulatory environment, unique business continuity planning needs, and optimizing technology and the role Managed Service Providers (MSPs)…
Read MoreUnderstanding Automotive Retail’s Unique Regulatory Environment
Importance of Regulatory Compliance in Automotive Retail As automotive dealerships increasingly handle sensitive financial and personal information, they fall under related scrutiny. The two regulatory and compliance standards dealerships fall under include the Federal Trade Commission’s Standards for Safeguarding Customer Information (FTC Safeguards Rule) and Payment Card Industry Data Security Standards (PCI-DSS). Impact of FTC…
Read MoreAddressing Automotive Retail’s Unique Business Continuity Planning Needs
The Need for a Business Continuity Plan in Automotive Retail As the recent CDK incident highlighted, disruptions can halt an entire automotive operation. System failures and cyberattacks are unfortunate realities: therefore, having a comprehensive Business Continuity Plan (BCP) is essential for protecting dealerships from these risks across all areas of the business and ensuring that…
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