The Dealer 5 | January 26, 2015

Dealer news and information from WardsAuto and around the web.

Steve Finlay, Contributing Editor

January 26, 2015

3 Min Read
The Dealer 5 | January 26, 2015



Welcome to The  WardsAuto Dealer 5 - we've put together important items from WardsAuto.com and across the Internet.

So let's go:

1.

 If you hear a giant popping sound, it could mean many things, but probably not a subprime-financing bubble bursting. So say trend tracks who tell worry warts to chill out.

2.

 Cadillac's chief tells dealers in a closed-door meeting he won't cut their ranks, despite rumors. But he calls for creating "boutique" stores. A dealer we spoke with isn't sure exactly what that means. But in a quick Q&A, he says how the meeting went.

ADVERTISEMENT 

The auto accessories industry is $40 billion and dealers represent less than 5%.    Could accessories be the new profit center for dealerships? It is one new frontier that may hold the most profit potential dealers have seen since adding the F&I department 40 years ago.

Read the whitepaper.

3.

Millennials apparently like cars after all, despite what's been said about them for, oh, the last five years. MTV says its new study debunks five mythsabout a misunderstood generation.  

ADVERTISEMENT 

F & I Resource Center sponsored by Ally Auto.  Valuable content to help you boost profits in this all-important division of your business.

Visit the Resource Center.

4.

 Andy Crews, who got in the business as a mechanic, recalls some people telling him he'd never be a dealer. Ironic, since he just became dealer of the year. 

5.

  Car sales and the economy are humming along nicely. But NADA's chief economist says wage increases would  help the auto industry.

Get the WardsAuto Dealer5 delivered to your inbox! Subscribe here free!

To see all the day's dealer news and information, go to WardsAuto.com/Dealers.  

 

About the Author

Steve Finlay

Contributing Editor

Steve Finlay is a former longtime editor for WardsAuto. He writes about a range of topics including automotive dealers and issues that impact their business.

You May Also Like