Dealers: Page 51
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Courtesy of WardsAuto
NADA Chief to Retire
“It’s time for me to get ready for my proverbial ride into the sunset,” says Peter Welch, president and CEO of the National Automobile Dealers Assn.
By Steven Finlay • May 13, 2020 -
Courtesy of WardsAuto
Car Dealers Show Their Ability to Reacclimate
“Dealers are like junkyard dogs if you will; they adapt to different environments,” says Anthony Pordon of the Penske Automotive Group.
By Steven Finlay • May 13, 2020 -
Explore the Trendline➔
Courtesy of Kia Corporation
TrendlineArtificial Intelligence
Automakers and dealers alike are increasingly seeing the use case for AI within their operations. Explore some use cases in this trendline.
By WardsAuto staff -
Courtesy of WardsAuto
Car Dealership Training Requires Focus, Relevance
Communicate your vision, and then demonstrate how the training and development aligns with business goals.
By Richard Libin • May 11, 2020 -
Courtesy of WardsAuto
Cooper-Standard to Divest Indian, Some European Businesses
The agreement includes about 2,500 employees and two manufacturing facilities in Poland, one manufacturing site in both Spain and Italy, and all of Cooper-Standard’s operations in India.
By Jim Irwin • May 8, 2020 -
Courtesy of WardsAuto
Popular In-Person Car Dealership Training Program Virtually Pivots
Assurant was determined to keep its F&I training program going during the COVID-19 crisis.
By Steven Finlay • May 8, 2020 -
Courtesy of WardsAuto
Conquering Corona Mindset at Car Dealerships
An F&I pro describes life at his auto dealership, how customers are acting and how to make the most of it.
By Justin B. Gasman • May 8, 2020 -
Courtesy of WardsAuto
Cox Automotive Furloughs 12,500 Employees
“If there were another way, I promise we would have done it,” says Cox Automotive President and CEO Sandy Schwartz.
By Steven Finlay • May 7, 2020 -
Courtesy of WardsAuto
Car Dealerships Vulnerable to Cybertheft During COVID
“When the bad times come, the bad guys come out,” says NADA’s Brad Miller, urging auto retailers to take preventative steps when selling vehicles online.
By Steven Finlay • May 7, 2020 -
Courtesy of WardsAuto
Car Dealers Play COVID-19 Inventory Roulette
A dealer friend from North Carolina told me, “Dealers are optimists by nature. We always find a way to figure it out.”
By Brian Finkelmeyer • May 6, 2020 -
Courtesy of WardsAuto
Great Leaders Care For Their Employees
How car dealers treat their staff now can make or break their post-COVID-19 reputation.
By Troy Blackwell • May 4, 2020 -
Courtesy of WardsAuto
Lithia Charts Post-Pandemic Course
Chief operating officer Chris Holzshu says Lithia is reducing its advertising spend 20% to 30% and reducing head count about 40% by eliminating some positions and putting others on furlough, in hopes of hiring them back.
By Jim Henry • April 28, 2020 -
Courtesy of WardsAuto
Hard-Hit Wholesale Vehicle Market Only Begins to Recover
Car dealers “are reluctant to add replacement vehicles to their inventory,” says J.D. Power’s Jonathan Banks.
By Steven Finlay • April 28, 2020 -
Courtesy of WardsAuto
Sight-Unseen Trade-Ins Tricky for Car Dealers
Setting used-car values in an upside-down market isn’t easy, says vAuto’s Patrick Janes.
By Steven Finlay • April 27, 2020 -
Courtesy of WardsAuto
Quick Recon Helps Turn, Turn, Turn Car Dealer Inventory
Post-pandemic, “it’s going to be crucial dealers don’t overstock, but they do need to work their inventory flow smartly,” says Jasen Rice of Lotpop.
By Jim Leman • April 27, 2020 -
Courtesy of WardsAuto
The COVID-19 Impact on Automotive Manufacturing
Now is the time to take a step back and talk about what the business is going to look like when operations resume. One of the most critical factors of a company’s long-term outlook is the response of leadership.
By Laurie Harbour • April 24, 2020 -
Courtesy of WardsAuto
Pandemic Prompts Return of Notable Car-Buyer Protection Plan
In a Wards Q&A, EFG Companies CEO John Pappanastos talks about a program designed to ease car-consumer anxiety during tough times.
By Steven Finlay • April 24, 2020 -
Courtesy of WardsAuto
Car Dealers, Put F&I in Digital Retailing
In the comfort of their home, consumers can learn the benefits of finance and insurance products.
By Tim Blochowiak • April 24, 2020 -
Courtesy of WardsAuto
Consumers, Car Dealers Opt for Ally’s Deferred-Payment Offer
The lender reports a net loss of $319 million in the first quarter, down from net income of $374 million a year ago.
By Jim Henry • April 22, 2020 -
Courtesy of WardsAuto
Digital Retailing Dos and Don’ts
With more time spent inside on the couch rather than outside on the grass, consumers’ shopping and media consumption habits are changing daily.
By Mo Zahabi • April 21, 2020 -
Courtesy of WardsAuto
Disasters Just Happen, Recovery Plans Don’t
Five things car dealerships can do to prepare for tornadoes, hurricanes and other forces of nature.
By Mike Tanguay • April 20, 2020 -
Courtesy of WardsAuto
Six Automotive Trends to Watch
Car dealers and automakers will have to be nimble to respond to the wants and needs of each new generation wave.
By Pam Cichoke • April 17, 2020 -
Courtesy of WardsAuto
Car Dealerships Seem Safe
“It’s not like going to the supermarket,” says J.D. Power’s Tyson Jominy.
By Steven Finlay • April 16, 2020 -
Courtesy of WardsAuto
Car Dealer’s Guide to a Complete Digital Storefront
Auto retailers who want to improve online customer experiences should offer six essential components.
By Bob George • April 15, 2020 -
Courtesy of WardsAuto
China’s Dealers Sell Online, Get OEM Help During COVID-19 Shutdown
As dealerships reopen, dealers naturally are trying to sound optimistic, but China’s auto market faces a tough time for the remainder of 2020, say analysts.
By Alysha Webb • April 14, 2020 -
Courtesy of WardsAuto
California Dealers Endure Impact of Early Shelter-in-Place Order
California was first to issue statewide shelter-in-place protocols. Sales at its more than 1,400 dealerships took a hit earlier than those in states which delayed or have not issued such orders.
By Alysha Webb • April 13, 2020
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