Dealers: Page 25
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Courtesy of WardsAuto
Closer Car Dealer-OEM Collaboration Urged
Partnerships all come down to the mindsets of dealers and manufacturers, say industry insiders.
By Steve Finlay • June 12, 2023 -
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The Safeguards Rule Is Here
Dealerships must comply or face stiff penalties.
By Jim Henry • June 9, 2023 -
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Group 1 Ranks No. 1 in Handling Service Customer Calls
Dealerships were evaluated on how quickly and efficiently they handled service-appointment calls.
By Steve Finlay • June 8, 2023 -
Courtesy of WardsAuto
Podcast
WardsAuto Podcast: Supply and Pricing of Lithium Key To EV Growth
Episode 2 of the WardsAuto Podcast focuses on battery technology, the growth rate of EV and the supply of lithium.
By Wards Staff • June 7, 2023 -
Courtesy of WardsAuto
Buy-Sell Dealership Activity Expected to Grow
Analysts believe dealership profits will also rise.
By Jim Henry • June 6, 2023 -
Courtesy of WardsAuto
Rising Interest Rates Slow the Rush Toward Long-Term Loans
Dealers find some customers opt for shorter loans rather than high-interest long-term financing.
By Jim Henry • June 2, 2023 -
Courtesy of WardsAuto
Building the Fixed Ops Bench
The key to filling parts department vacancies is to recruit from unlikely sources and within.
By Alysha Webb • May 30, 2023 -
Courtesy of WardsAuto
Lendbuzz Cuts Auto Loan Red Tape
“We focus on car financing for a segment of the market that has been underserved or overlooked,” says Lendbuzz CEO Amitay Kalmar.
By Steve Finlay • May 26, 2023 -
Courtesy of WardsAuto
Dealers Urged to Steer Fixed Ops Toward Exclusivity
Look for new areas where your dealership’s service department can dominate. Extra effort by service boosts profits and instills loyalty.
By Alysha Webb • May 25, 2023 -
Courtesy of WardsAuto
Dealers are Stayin’ Alive as Retail Continues to Shift
The challenge for dealers is to embrace continued enthusiasm for pre-ordering and grow their online offerings, including F&I.
By Nancy Dunham • May 23, 2023 -
Courtesy of WardsAuto
Column
Reasons Why Consumer Lending Is Ready for an Overhaul
The consumer lending industry’s limitations are becoming more evident, which means it’s time to rethink things and overhaul it in a more holistic, consumer-friendly and inclusive way.
By Amitay Kalmar • May 22, 2023 -
Courtesy of WardsAuto
Column
Dealers Deploying More Non-Traditional Advertising in 2023
Dealers need to advertise by leveraging search engines, social media, online video platforms and streaming audio spaces – platforms that weren’t considered five or 10 years ago.
By Lauren Donalson • May 18, 2023 -
Courtesy of WardsAuto
Subprime Shrinks, Delinquencies Rise
Dealers of brands whose buyers have lower average credit scores may become vulnerable, Cox Automotive researchers say.
By Jim Henry • May 16, 2023 -
Courtesy of WardsAuto
Auto Leasing Drops as Rates Rise
“I remember $99 a month leases,” says J.D. Power’s Patrick Roosenberg, formerly of Chrysler Financial. “Those days are over.”
By Steve Finlay • May 10, 2023 -
Courtesy of WardsAuto
Top Five Car Dealership Compliance Violations
“Some dealerships take compliance seriously, some don’t,” says Doug Fusco, founder of Dealer Safeguard Solutions.
By Steve Finlay • May 9, 2023 -
Courtesy of WardsAuto
Show Buyers the Money
Kelley Blue Book releases 5-year Cost-to-Own Awards.
By Wards Staff • May 8, 2023 -
Courtesy of WardsAuto
Column
Maximizing New-Vehicle Purchases Via IRA Tax Credit
The IRS has scaled back the number of available vehicles qualifying for the clean-vehicle tax credit. But as manufacturers push to satisfy the new requirements, there is hope that the list will get longer.
By Tom Alongi • May 5, 2023 -
Courtesy of WardsAuto
Who Does and Doesn’t Respond to Recall Notices?
Car dealers are being urged to join recall campaigns.
By Steve Finlay • May 3, 2023 -
Courtesy of WardsAuto
Kelley Blue Book’s Best Family Cars of 2023
Vehicles on the list boast safety, comfort and convenience.
By Wards Staff • May 2, 2023 -
Courtesy of WardsAuto
Cars.com Isn’t What It Used to Be
Cars.com CEO Alex Vetter talks about the evolution of modern vehicle retailing…and his company.
By Steve Finlay • May 1, 2023 -
Courtesy of WardsAuto
Retail Market Good If Not Great, Cox Analyst Says
“I wouldn’t get carried away calling it a strong retail market in March by historical standards,” says Cox Automotive’s chief economist Jonathan Smoke.
By Alysha Webb • April 28, 2023 -
Courtesy of WardsAuto
Fixed Ops Boosts F&I Profits as Car Profits Dip
AutoNation’s average gross profit per new vehicle is down 15% vs. the same quarter a year ago.
By Jim Henry • April 24, 2023 -
Courtesy of WardsAuto
Column
Why Auto Dealers Should Embrace Online Auctions
The benefits of online auctions include increased efficiency, reduced costs and broader reach.
By Kye Giscombe • April 21, 2023 -
Courtesy of WardsAuto
Vehicle Prices Drop
“Dealers simply don’t have the pricing power they did six months ago,” says Kelley Blue Book’s Rebecca Rydzewski.
By Steve Finlay • April 20, 2023 -
Courtesy of WardsAuto
Industry-Watchers’ Crystal Balls Clouded – by Black Ink
J.D. Power analyst Thomas King says U.S. retailers’ profits hit $55 billion in 2022 and are expected to fall to between $28 billion and $37 billion this year, still beating pre-COVID levels.
By Roger Schreffler • April 18, 2023
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