Used car sales have been booming amidst Covid-19 and there is more to go around in the coming months. The demand for purchasing a vehicle hasn’t completely disappeared despite the economic downturn. If anything, people who used to rely on public transportation and ride sharing services are now faced with the need for their own […]
Things Continue Looking Up for Used Car Sales Read Post »
The Coronavirus updates are starting to feel a bit like old news, but the effects of the shutdowns are everlasting on the automotive industry. For instance, the New York Auto Show was originally postponed from April to August, and then it was cancelled altogether along with the Geneva, Beijing, Detroit and Paris auto shows. The
Aftermath of Auto Show Cancellations Read Post »
2020 has taken us by storm, and things continue to pick up speed for the automotive industry. Some dealers experienced inventory being stolen during the midst of the Coronavirus chaos and shutdowns. Things have segued into a more unfortunate situation, following the death of George Floyd a few weeks ago. If things were not already
Dealers Experience Losses Amid Riots Read Post »
Since the initial announcement back in October of last year, the Fiat Chrysler-Peugeot 50/50 merger has been ironed out and prepped for completion. The original goal in mind was to combine two steady forces along with their staff and revenue to make what will be the fourth largest automaker. Big plans of new technology, electrification,
FCA-PSA Merger Still Set to Move Forward Read Post »
Science says it takes 66 days to form a new habit. Most people started self-quarantine in the beginning of March, so things will probably never go back to how they were before Covid-19. We’ve all changed a little – businesses and individuals. This goes for regular operations and sales at car dealerships as well.
Longterm Effects of Covid-19 on Auto Industry Read Post »
In a short span of time the coronavirus has taken a heavy toll on the auto industry, from dealer to consumer. Production came to a screeching halt, sales dropped exponentially, and everyone was left to themselves to think about what was next. Fortunately, all over the world people are finding ways to support each
Auto industry Gives Back Amid Crisis Read Post »
We’ve seen the future, and it’s used vehicles. Right now dealers and consumers are struggling through this pandemic. A majority of dealers are operating with just a skeleton crew in fixed ops, and most sales departments are closed. This won’t last forever. So what’s next? You have to keep your eyes on the prize. I
USED VEHICLES are the Future of Dealer Profits Read Post »
The Coronavirus has traveled long and far to make it to the U.S. and wreak havoc on many things. Aside from the abrupt increase in hospital stays and unfortunate deaths, this virus also has obviously affected the economy and the automotive industry. The problems started in China where many manufacturing plants have been shut down
Coronavirus Could have Major Impact on Auto Industry Read Post »
For decades, the car buying process has been fairly consistent. Ultimately, customers have to make the trip to the dealership to look at the inventory, get actual pricing, and talk numbers with a salesperson. Then they have to sit down to sign a mound of paperwork. The process can take several hours or last
How Dealers can Compete with Online Retailers Read Post »
With the signing of the United States-Mexico-Canada Agreement, the auto industry is expecting to see some changes over the next few years. But will this shift be good for automakers and dealers? Dana Inc. CEO, Jim Kamsickas thinks it’s a good move stating, “We believe this law will further reduce the chance for disruptions and
Is the USMCA a Win for the Auto Industry? Read Post »
