Tag: car dealers
Is your dealership team addicted to current sales compensation?
On the latest edition of Straight to the Point, host Frank J. Lopes asks, are car dealership professionals addicted to higher compensation thanks to supply and...
Should car dealers be concerned about vehicle hacking?
To the Editor:
I would be curious to know how many dealerships and OEMs are actually implementing cybersecurity policies and technology safeguards.
Within the last three...
Supply constraints and record profits color the November sales forecast
Automakers appear to be on the cusp of an inventory surge that would replenish dealer lots and offer more choice to customers. However, November’s...
As more Americans choose EVs, price and range continue to hold...
ATLANTA, Nov. 16, 2021 – Sales of battery-powered electric vehicles (EVs) in the United States are on track to set an all-time record in 2021,...
3 myths dealers need to know about inventory shortages
While the dealership world is hoping the inventory crisis will come to a speedy resolve, industry experts aren’t as optimistic. Embracing the challenges and opportunities...
Sonic Automotive continues expansion of its franchised dealership network with the...
CHARLOTTE, N.C. – November 9, 2021 – Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive...
Subprime loans recover, delinquencies drop in new TransUnion report
Subprime loans for autos have sprung back to nearly pre-pandemic levels, and fewer borrowers are defaulting on their payments. That’s according to TransUnion's Q3...
CARS acquires CreditIQ Automotive Fintech Platform, enabling instant financing for consumers,...
Transaction Highlights:
Advances CARS’ growth strategy and expands TAM into the multi-billion dollar Auto Finance segment, which is rapidly growing as online car buying...
Thoughts on the ‘EV transition’ in the automotive industry
To the Editor:
While I am highly skeptical that the “EV transition” will go as planned, I also have an extremely hard time believing hydrogen...
How the new FTC rules will affect car dealers
On Wednesday, the Federal Trade Commission (FTC) announced it had voted to implement an update to the so-called “Safeguards Rule.” The FTC’s release noted...
