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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.
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.
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.
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.
Categories: Dealer Ops, Industry, Showroom
Is the Chip Crisis Showing Signs of Improvement?

Production cuts because of a shortage of microchips slow.
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.
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.
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.
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...
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.
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.
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.
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...
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...
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.
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.
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.
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.
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.
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.

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