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Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales, Showroom
New Data Shows Delinquencies Remain Low Amid Rising Average Vehicle Loan Amounts

Experian’s "State of the Automotive Finance Market: Q3 2021" report finds delinquencies remain lower than pre-pandemic levels.

http://www.providers-administrators.com/366566/new-data-shows-delinquencies-remain-low-amid-rising-average-vehicle-loan-amounts
Categories: Dealer Ops, Digital, Product & Technology
Amazon Rolls Out FleetWise

The new cloud-based data system will help automakers remotely diagnose vehicle issues to prevent recalls, improve safety, and manage related data.

http://www.providers-administrators.com/366564/amazon-rolls-out-fleetwise
Categories: Dealer Ops, Industry, Showroom
Worst is Behind Us, Says NADA Chairman

Though challenges remain, many positive signs point to a return to normal some time in 2022, says NADA Chairman Paul Walser.

http://www.providers-administrators.com/366562/worst-is-behind-us-says-nada-chairman
Categories: Auto Finance, Dealer Ops, Industry, Sales
Cox Automotive Forecast: November Auto Sales Stuck in Low Gear As Consumers and Dealers Face Tight New-Vehicle Inventory and High Prices

November’s seasonally adjusted annual rate of sales is forecast to finish near 13.4 million, down 16% from last year when the sales pace was 15.9 million.

http://www.providers-administrators.com/366550/cox-automotive-forecast-november-auto-sales-stuck-in-low-gear-as-consumers-and-d
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales
Black Book: Weekly Market Updates

Days-to-turn for used retail listings have slightly increased and now sits just above 38 days, which is still lower than what is typically expected.

http://www.providers-administrators.com/366534/black-book-weekly-market-updates
Categories: Dealer Ops, Industry, Showroom
U.S. Must “Get Serious” About Chip Production

Commerce Secretary urges Congress to pass funding designed to boost domestic production of semiconductor chips.

http://www.providers-administrators.com/366532/u-s-must-get-serious-about-chip-production
Categories: Dealer Ops, Digital, Industry, Product & Technology, Showroom
Nissan Commits to Spending $17.6 Billion on Battery-Powered Vehicles Over Next 5 Years

Automaker reports batteries will power half of the vehicles it sells by 2030.

http://www.providers-administrators.com/366530/nissan-commits-to-spending-17-6-billion-on-battery-powered-vehicles-over-next-5-years
Categories: Dealer Ops, Meet the Executive
Portfolio Names Millspaugh Vice President

Portfolio has promoted 20-year industry veteran Chad Millspaugh to the position of vice president of sales and marketing.

http://www.providers-administrators.com/366517/portfolio-names-millspaugh-vice-president
Categories: Awards, Dealer Ops, Summit Updates
Dealers and Dealership Personnel Receive FREE Registration for Industry Summit Experience

To compete in the years ahead, you will need to invest wisely, train harder, and lock down profitable and compliant sales, service, and F&I processes.

http://www.providers-administrators.com/366425/industry-summit-experience-register-for-your-free-pass-today
Categories: Compliance, Dealer Ops, Industry, Product & Technology
Experts Weigh the Pros and Cons of Biden’s EV Grants

Some say the grants will provide a needed boost to EV adoption while others warn it will fail as previous policies did during the Obama Administration.

http://www.providers-administrators.com/366505/experts-weigh-the-pros-and-cons-of-bidens-ev-grants
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Black Book: Weekly Market Report

Values aren’t showing any signs of slowing down, with most expecting this strength to last through the traditional Spring selling season.

http://www.providers-administrators.com/366493/black-book-weekly-market-report-2
Categories: Dealer Ops, Industry, Showroom
Is the Chip Crisis Showing Signs of Improvement?

Production cuts because of a shortage of microchips slow.

http://www.providers-administrators.com/366483/is-the-chip-crisis-showing-signs-of-improvement
Categories: Dealer Ops, Industry, Showroom
Ford Enters Agreement to Boost Chip Supplies

Ford Motor Co. partners with chip maker GlobalFoundries to address the auto industry’s semiconductor supply shortfalls. 

http://www.providers-administrators.com/366481/ford-enters-agreement-to-boost-chip-supplies
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Latest Haig Report Tracks Trends in Auto Retail and Impact on Dealership Values

Highlights include a significant spike in dealership profits and skyrocketing demand from dealership groups that want to acquire more stores.

http://www.providers-administrators.com/366454/latest-haig-report-tracks-trends-in-auto-retail-and-impact-on-dealership-values
Categories: Dealer Ops, Digital, Fixed Ops, Industry, Product & Technology, Sales, Showroom
Cox Automotive: As More Americans Choose EVs, Price and Range Continue to Hold Back the Market

The 2021 Cox Automotive Path to EV Adoption Study provides a look at the major consumer barriers that continue to slow EV adoption.

http://www.providers-administrators.com/366450/cox-automotive-as-more-americans-choose-evs-price-and-range-continue-to-hold-bac
Categories: Compliance, Dealer Ops, Fixed Ops, Industry
Biden Signs $1 Trillion Infrastructure Bill Into Law

President Biden signed into law a nearly $1 trillion infrastructure bill to repair the nation’s aging roads and bridges, upgrade the electrical grid, and...

http://www.providers-administrators.com/366442/biden-signs-1-trillion-infrastructure-bill-into-law
Categories: Compliance, Dealer Ops, Industry
U.S. Supreme Court Rejects Volkswagen Appeals Regarding Emission Tampering

The U.S. Supreme Court has rejected Volkswagen AG's appeal to avoid lawsuits seeking damages over the automaker's alleged diesel emissions tampering.

http://www.providers-administrators.com/366440/u-s-supreme-court-rejects-volkswagen-appeals-regarding-emission-tampering
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Black Book: Market Insights

Calendar year 2021 has not had typical seasonality patterns as the market has had rapid increases in wholesale values for the majority of the year.

http://www.providers-administrators.com/366434/black-book-market-insights-2
Categories: Dealer Ops, Digital, Industry, Sales, Showroom
How Dealers Can Influence EV Sales

Dealers can boost electric vehicle sales when they take an educational stance with consumers.

http://www.providers-administrators.com/366430/how-dealers-can-influence-ev-sales
Categories: Auto Finance, Dealer Ops, Industry
Interest Rates are Steady, But Experts Ponder for How Long

Fed Chair Jerome Powell has said the committee plans to complete tapering before raising rates, and markets are targeting June as the possible date for the...

http://www.providers-administrators.com/366399/interest-rates-are-steady-but-experts-ponder-for-how-long
Categories: Dealer Ops, Industry, Sales, Showroom
Study Shows Customer Satisfaction High Despite Low Inventories

J.D. Power reports metrically measured customer satisfaction with their automotive purchases remains at 789 points (on a 1,000-point scale), the same as in...

http://www.providers-administrators.com/366397/study-shows-customer-satisfaction-high-despite-low-inventories
Categories: Dealer Ops, Industry, Showroom
Despite Lack of New-Vehicle Inventory, Sales Satisfaction Unchanged from Year Ago

Porsche and GMC rank highest in respective segments.

http://www.providers-administrators.com/366378/despite-lack-of-new-vehicle-inventory-sales-satisfaction-unchanged-from-year-ago
Categories: Auto Finance, Dealer Ops, Product & Technology
ADAS Analysis from LexisNexis Risk Solutions Sets Record Straight on U.S. Auto Claims Severity

Advanced Driver Assistance Systems equate to loss cost reductions, underscoring the need for VIN-level feature information to improve policy rating.

http://www.providers-administrators.com/366367/adas-analysis-from-lexisnexis-risk-solutions-sets-record-straight-on-u-s-auto-cl
Categories: Dealer Ops, Fixed Ops, Product & Technology, Showroom
Auto Industry Readies for Magnesium Shortage

Parts manufacturers rely on magnesium from China to help reduce vehicle weights. But China’s current magnesium output is at 50% of normal levels.

http://www.providers-administrators.com/366364/auto-industry-readies-for-magnesium-shortage
Categories: Dealer Ops, Industry, Showroom
Infrastructure Bill Impacts to the Auto Industry

A key priority in the bill is spending $7.5 billion to build a national network of 500,000 electric vehicle (EV) charging stations.

http://www.providers-administrators.com/366362/infrastructure-bill-impacts-to-the-auto-industry
Categories: Dealer Ops, Industry, Sales, Showroom
Ford Motor's Stock Tops $20 a Share for First Time in Over 20 Years

Since Farley took control of the automaker last October, Ford’s stock has roughly tripled.

http://www.providers-administrators.com/366360/ford-motors-stock-tops-20-a-share-for-first-time-in-over-20-years
Categories: Dealer Ops, Industry, Showroom
NADA Market Beat: First Monthly New Light-Vehicle Sales Gain Since April

New light-vehicle sales in October 2021 saw their first month-to-month gain since April.

http://www.providers-administrators.com/366357/nada-market-beat-first-monthly-new-light-vehicle-sales-gain-since-april
Categories: Dealer Ops, Industry, Sales, Showroom
Vehicle Sales Continue to Drop

Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply...

http://www.providers-administrators.com/366340/vehicle-sales-continue-to-drop
Categories: Auto Finance, Dealer Ops, Industry, Sales
Used Vehicle Retention Index Increases Again to All-Time High

The seasonally adjusted Retention Index increased to 180.2 points, continuing to hit records.

http://www.providers-administrators.com/366336/used-vehicle-retention-index-increases-again-to-all-time-high
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Black Book: Weekly Market Update

The fourth quarter is traditionally when the market experiences most of the yearly depreciation, but after just one month in the quarter, values are...

http://www.providers-administrators.com/366326/black-book-weekly-market-update-6
Categories: Compliance, Dealer Ops, Industry
Federal Safeguards Rule Amendments Ask Dealers to Shore Up their Information System Security

Industry analysts suggest it could cost dealers hundreds of thousands annually to comply with the new rules.

http://www.providers-administrators.com/366324/federal-safeguards-rule-amendments-ask-dealers-to-shore-up-their-information-sys
Categories: Auto Finance, Dealer Ops, Industry, Sales
New and Used Car Prices Continue Upward Climb

The average price of a new car hit $45,000 in September and reached $25,000 for the average used car, according to Kelley Blue Book.

http://www.providers-administrators.com/366322/new-and-used-car-prices-continue-upward-climb
Categories: Auto Finance, Dealer Ops, Industry, Sales
COVID-19 Remains in the Driver’s Seat

NADA economist forecasts supply chain challenges, including the chip shortage, will persist well into 2022.

http://www.providers-administrators.com/366316/covid-19-remains-in-the-drivers-seat
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Demand Pushes Up Prices, as Depreciation Increases

High demand amid limited new vehicle inventory has driven up used vehicle prices. But it’s also impacting the rate their values are depreciating.

http://www.providers-administrators.com/366309/demand-pushes-up-prices-as-depreciation-increases
Categories: Awards, Compliance, Dealer Ops, F&I, Industry, Showroom, Summit Updates
Nominations Open for F&I Pacesetters and 2021 Dealer of the Year

Presented by F&I and Showroom magazine and sponsored by Spectrum Automotive Holdings, the annual awards program recognizes dealerships with highly...

http://www.providers-administrators.com/366243/nominations-open-for-fi-pacesetters-and-2021-dealer-of-the-year
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Market Insights from Black Book

The lack of new inventory is continuing to drive up the demand for used vehicles, which in turn is forcing buyers to pay more week after week and leaving...

http://www.providers-administrators.com/366265/market-insights-from-black-book-2
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Canada Suggests Proposed U.S. EV Tax Credit Will Harm North American Auto Industry

Letter penned by Canadian Trade Minister Mary Ng suggest proposed EV tax credits will harm North American auto industry and violate trade agreements.

http://www.providers-administrators.com/366263/canada-suggests-proposed-u-s-ev-tax-credit-will-harm-north-american-auto-industr
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
IHS Markit Predicts Production Highs in 2024

IHS Markit forecasts lows in light-vehicle sales and production will give way to increases ahead.

http://www.providers-administrators.com/366261/ihs-markit-predicts-production-highs-in-2024
Categories: Compliance, Dealer Ops, Industry
Auto Sector Calls Out Mexico's Move to Legalize “Chocolate” Cars

Mexico’s auto sector has criticized the move, saying it allows "car smuggling."

http://www.providers-administrators.com/366241/auto-sector-calls-out-mexicos-move-to-legalize-chocolate-cars
Categories: Dealer Ops, Industry, Sales, Showroom
Cox Automotive: In Q3, Sales of Electrified Vehicles Surged Past 1 Million Units

While sales of new vehicles declined 13.4% year over year in Q3 due primarily to low inventory and high prices, sales of electrified vehicles jumped by...

http://www.providers-administrators.com/366230/cox-automotive-in-q3-sales-of-electrified-vehicles-surged-past-1-million-units
Categories: Auto Finance, Dealer Ops, Industry
Dealers Buying Out More Existing Leased Vehicles to Alleviate Inventory Shortages

New trend helps brands like Honda and Nissan see the value of modernizing their lease policies, reports Swapalease.

http://www.providers-administrators.com/366228/dealers-buying-out-more-existing-leased-vehicles-to-alleviate-inventory-shortage
Categories: Auto Finance, Dealer Ops, Industry
Black Book: Market Insights Report

Traditionally, values would be declining this time of year, but the lack of inventory continues to be the most common sentiment for the increased auction...

http://www.providers-administrators.com/366222/black-book-market-insights-report-4
Categories: Dealer Ops, Digital, Product & Technology
Toyota, Stellantis Plan to Build North American EV-Battery Factories

Toyota Motor Corp. and Stellantis have announced plans to build battery factories in North America to meet the U.S. government’s push for electric vehicles...

http://www.providers-administrators.com/366216/toyota-stellantis-plan-to-build-north-american-ev-battery-factories
Categories: Dealer Ops, Industry, Showroom
Cox and LMC put Days' Supply of Inventory Below 1 Million Vehicles

Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply...

http://www.providers-administrators.com/366214/cox-and-lmc-put-days-supply-of-inventory-below-1-million-vehicles
Categories: Dealer Ops, Digital, Product & Technology
5G Set to Transform Vehicles

Automakers hope to use 5G in big ways, such as downloading software updates on the go, updating digital maps, and sounding alerts about road conditions.

http://www.providers-administrators.com/366172/5g-set-to-transform-vehicles
Categories: Compliance, Dealer Ops, Industry
EV Legislation Stirs Heated Debate

Automakers remain divided over the larger tax credit for EVs built in Union shops and other measures in the green energy plan.

http://www.providers-administrators.com/366170/ev-legislation-stirs-heated-debate
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales
Black Book: Weekly Market Update

Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.

http://www.providers-administrators.com/366148/black-book-weekly-market-update-5
Categories: Dealer Ops, Industry, Sales, Showroom
How Automakers and Dealers are Weathering a Topsy Turvey Market

BMW is faring better than GM, and car dealers are coping better than component suppliers.

http://www.providers-administrators.com/366142/how-automakers-and-dealers-are-weathering-a-topsy-turvey-market
Categories: Dealer Ops, Industry, Sales, Showroom
Low Inventory Levels Drive Down September SAAR to 12.2 Million Units

September new light-vehicle sales fell for the 5th consecutive month to a SAAR of 1.2 million units, reported the National Automobile Dealers Association...

http://www.providers-administrators.com/366118/low-inventory-levels-drive-down-september-saar-to-12-2-million-units
Categories: Auto Finance, Dealer Ops, Industry, Sales
Black Book’s Used Vehicle Retention Index Increases Again to All-Time High

The seasonally adjusted Retention Index increased to 169.5 points, hitting another record this year.

http://www.providers-administrators.com/366109/black-books-used-vehicle-retention-index-increases-again-to-all-time-high


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