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Categories: Dealer Ops, Digital, Industry
IIHS Releases Rating Program for Vehicles with Partial Automation

The new rating system requires safeguards that help drivers stay focused and not treat systems, such as Tesla's Autopilot and Volvo's Pilot Assist, as...

http://www.providers-administrators.com/366983/iihs-releases-rating-program-for-vehicles-with-partial-automation
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Showroom
Despite Inventory Shortage, High Prices, Overall Car Buyer Satisfaction Remains Near Record Levels

The 12th annual Cox Automotive Car Buyer Journey Study reveals that overall car buying satisfaction remains at a near-record level, with the number of...

http://www.providers-administrators.com/366973/despite-inventory-shortage-high-prices-overall-car-buyer-satisfaction-remains-ne
Categories: Dealer Ops, Industry, Sales, Showroom
Toyota Announces Manufacturing Miss

Toyota Motor Corp. announced it will not reach its goal of manufacturing 9 million cars in its fiscal year, which ends in March.

http://www.providers-administrators.com/366968/toyota-announces-manufacturing-miss
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Luxury Brands Saw Record Sales in 2021

Luxury car brands, such as Rolls-Royce, Bentley, Porsche and BMW saw record sales in 2021.

http://www.providers-administrators.com/366966/luxury-brands-saw-record-sales-in-2021
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Weekly Market Insights Report

The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations.

http://www.providers-administrators.com/366949/weekly-market-insights-report-4
Categories: Dealer Ops, Industry, Sales, Showroom
GM Agrees: California Can Set Emission Standards

The policy reversal will make GM eligible for government fleet purchases by the State of California.

http://www.providers-administrators.com/366928/gm-agrees-california-can-set-emission-standards
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales, Showroom
NADA Issues Analysis of 2021 Auto Sales, 2022 Sales Forecast

Moving into 2022, NADA anticipates new-vehicle sales of 15.4 million units – an increase of 3.4% from 2021.

http://www.providers-administrators.com/366910/nada-issues-analysis-of-2021-auto-sales-2022-sales-forecast
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Black Book: Weekly Market Update

The year is starting off with declines in many segments, but it remains to be seen if we reached the peak of increases before the holidays or if we will...

http://www.providers-administrators.com/366901/black-book-weekly-market-update-8
Categories: Dealer Ops, Digital, Product & Technology
Automakers Race to Release New EVs

The EV race heats up as Ford Motor Co. and General Motors Co. highlight new electric pickups while other car companies get ready to release new...

http://www.providers-administrators.com/366897/automakers-race-to-release-new-evs
Categories: Dealer Ops, Industry, Showroom
Wholesale Used Vehicle Prices Slowed in December

Cox Automotive's Manheim Used Vehicle Value Index rose 1.6% in December compared with November.

http://www.providers-administrators.com/366895/wholesale-used-vehicle-prices-slowed-in-december
Categories: Dealer Ops, Industry, Showroom
Toyota Witnesses Strong Growth in China in 2021 Owing to Accessible Supply Chain

Toyota’s new vehicle sales in China reaching a record high of 1.94 million units, up 8.2% from 2020, is attributed to the company’s robust supply chain that...

http://www.providers-administrators.com/366889/toyota-witnesses-strong-growth-in-china-in-2021-owing-to-accessible-supply-chain
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
NADA Market Beat: 2021 New Light-Vehicle Sales Up 3.1% over 2020

New light-vehicle sales totaled 14.93 million units in 2021, up 3.1% from 2020’s 14.47 million. December 2021’s SAAR totaled just 12.44 million units, down...

http://www.providers-administrators.com/366887/nada-market-beat-2021-new-light-vehicle-sales-up-3-1-over-2020
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
December Auto Sales Slip

The lowest sales recorded in December went to Toyota Motor Corp., Honda Motor Co., Hyundai and Kia, which posted sales drops for the fifth consecutive month.

http://www.providers-administrators.com/366872/december-auto-sales-slip
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Weekly Market Insights Report

2021 was a wild ride, but according to Black Book, the final two weeks of the year reported minimal declines in values after a year of record-breaking...

http://www.providers-administrators.com/366848/black-book-weekly-market-report-3
Categories: Dealer Ops, Industry, Sales, Showroom
Toyota Crowned Auto Sales Leader

Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.

http://www.providers-administrators.com/366845/toyota-crowned-auto-sales-leader
Categories: Auto Finance, Dealer Ops, F&I, Industry
Auto Financing Gets Easier

It’s easier than ever to get credit, if you can find a vehicle, says Andy Mayers of Cox Automotive.

http://www.providers-administrators.com/366843/auto-financing-gets-easier
Categories: Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Hyundai and Kia Set Higher Sales Targets for 2022

Hyundai Motor Co and affiliate Kia Corp. predict a 12.1% combined global sales jump in 2022, despite 2021 sales falling short of targets.

http://www.providers-administrators.com/366841/hyundai-and-kia-set-higher-sales-targets-for-2022
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Cox Automotive Forecast: Slow Second Half Holds Full-Year Sales Below 15 Million for Second Straight Year

Full-year 2021 auto sales in the U.S. are forecast by Cox Automotive to finish near 14.9 million units, an increase of approximately 2.5% from 14.5 million...

http://www.providers-administrators.com/366796/cox-automotive-forecast-slow-second-half-holds-full-year-sales-below-15-million-for-second-straight-year
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Used Car Prices Will Fall

Record high used car prices will deflate. The question is how fast the bubble will burst.

http://www.providers-administrators.com/366787/used-car-prices-will-fall
Categories: Dealer Ops, Industry, Showroom
Japan Shows Signs of Rebound

Japan's factory output skyrocketed in November, as supply chain bottlenecks eased globally.

http://www.providers-administrators.com/366783/japan-shows-signs-of-rebound
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
BLACK BOOK: Weekly Market Insights

Winter and Christmas sales events make for a busy end of year for dealers, but the last two weeks of the year are traditionally slow for the auctions and...

http://www.providers-administrators.com/366777/black-book-weekly-market-insights
Categories: Dealer Ops, Industry, Showroom
Biden Administration Protects California Vehicle Emission Rules

The Biden administration has reversed a rule issued under U.S. President Donald Trump that sought to quash California's vehicle emissions regulations.

http://www.providers-administrators.com/366744/biden-administration-protects-california-vehicle-emission-rules
Categories: Dealer Ops, Industry, Showroom
Opposition to Metal Mining Stands in Way of EVs

U.S. faces tough choices in 2022 on mines for electric-vehicle metals.

http://www.providers-administrators.com/366742/opposition-to-metal-mining-stands-in-way-of-evs
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
COX AUTOMOTIVE: New-Vehicle Sales Gain Momentum but Not Enough for a December to Remember

So far the omicron variant has not impacted consumer sentiment or economic activity but creates some uncertainty as winter begins.

http://www.providers-administrators.com/366730/cox-automotive-new-vehicle-sales-gain-momentum-but-not-enough-for-a-december-to-remember
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales, Showroom
BLACK BOOK: Weekly Market Update

As calendar year 2021 comes to a close, wholesale prices continue to rise, and noticeable differences can be seen compared to prior calendar years.

http://www.providers-administrators.com/366715/black-book-weekly-market-update-7
Categories: Dealer Ops, Industry, Sales, Showroom
Tight Inventories Cause Brand Loyalty to Dip

Short supplies of new vehicles drove a dip in consumer loyalty of over 3 percentage points, according to Experian.

http://www.providers-administrators.com/366709/tight-inventories-cause-brand-loyalty-to-dip
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Pent Up Demand to Boost 2022 New Car Sales

Edmunds predicts 15.2 million new cars sales in 2022, a 1.2% increase from its 2021 vehicle sales estimate.

http://www.providers-administrators.com/366707/pent-up-demand-to-boost-2022-new-car-sales
Categories: Awards, Dealer Ops, Summit Updates
Industry Summit Experience Available On-Demand

Auto dealers and dealership personnel are eligible to register for free access to view all sessions from December’s Industry Summit Experience.

http://www.providers-administrators.com/366425/industry-summit-experience-register-for-your-free-pass-today
Categories: Dealer Ops, Industry, Showroom
Michigan Spending Bill Earmarks Money for Detroit Auto Show

State legislators expect to pass a $795 million spending bill, containing a $9 million onetime grant for the North American International Auto Show (NAIS).

http://www.providers-administrators.com/366668/michigan-spending-bill-earmarks-money-for-detroit-auto-show
Categories: Auto Finance, Dealer Ops, Industry, Sales
Used Car Values Hit Record Highs

The J.D. Power Valuation Services Used Vehicle Price Index reached an all-time high in November. 

http://www.providers-administrators.com/366666/use-car-values-hit-record-highs
Categories: Dealer Ops, Digital, Fixed Ops, Industry, Product & Technology, Showroom
The EV Race Heats Up

Ford Motor Co. CEO Jim Farley says he hopes to overtake Tesla in U.S. electric-vehicle sales, but first he hopes to overtake GM.

http://www.providers-administrators.com/366664/the-ev-race-heats-up
Categories: Compliance, Dealer Ops, Industry, Showroom
Biden Administration Announces Federal EV Plan

The proposed strategy includes building 500,000 charging stations for electric vehicles across the country and lowering the cost of electric cars.

http://www.providers-administrators.com/366660/biden-administration-announces-federal-ev-plan
Categories: Dealer Ops, Industry, Showroom
Toyota Will Accept Minor Parts Flaws to Trim Costs

The automaker’s acceptance of parts it would have thrown away in the past marks a notable change for a company renowned for stringent quality control.

http://www.providers-administrators.com/366612/toyota-will-accept-minor-parts-flaws-to-trim-costs
Categories: Dealer Ops, Industry, Showroom
Chip Flow Increasing for GM

An increased flow of semiconductor chips allowed the Detroit automaker to operate every plant this week.

http://www.providers-administrators.com/366610/chip-flow-increasing-for-gm
Categories: Dealer Ops, Industry, Showroom
Stellantis CEO Calls Pandemic Impacts ‘Eye Opening’

High demand amid COVID-19 supply chain pressures and tightened inventory highlight the importance of freedom of mobility, reports Carlos Tavares.

http://www.providers-administrators.com/366608/stellantis-ceo-calls-pandemic-impacts-eye-opening
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
NADA Market Beat: Limited Vehicle Availability Continues to Impact Sales Despite Slight Inventory Increases in November

While November began with a slight increase in inventory levels from September’s all-time lows, limited vehicle availability continues to keep sales well...

http://www.providers-administrators.com/366597/nada-market-beat-limited-vehicle-availability-continues-to-impact-sales-despite-slight-inventory-increases-in-november
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: 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: 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


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