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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.

https://www.fi-magazine.com/366910/nada-issues-analysis-of-2021-auto-sales-2022-sales-forecast
Categories: Dealer Ops, Industry, Showroom
The World’s Top 10 Car Manufacturers Submitting the Most Patents

Bristol Street Motors has revealed which car brands are driving automotive innovation and who is investing the most into electric and autonomous technologies.

https://www.fi-magazine.com/364033/the-worlds-top-10-car-manufacturers-submitting-the-most-patents
Categories: Dealer Ops, Industry, Sales, Showroom
Lithia Motors Predicts End to New-Vehicle Shortage  

“We expect inventories to continue to normalize throughout the back half of 2021 and in the first part of 2022,” said Chris Holzshu, Lithia chief operating...

https://www.fi-magazine.com/365536/lithia-motors-predicts-end-to-new-vehicle-shortage
Categories: Dealer Ops, Industry, Sales, Showroom
Analysts Predict Vehicle Production and Sales to Fall Off for Rest of 2021

LMC Automotive expects the semiconductor shortage to cut production in North America by about 452,000 units over the remaining months. The company also...

https://www.fi-magazine.com/365631/analysts-predict-vehicle-production-and-sales-to-fall-off-for-rest-of-2021
Categories: Compliance, Showroom
NADA CEO Keeps Focus on Diversity, Equity and Inclusion

NADA's CEO reported the association’s approach to diversity, equity and inclusion is one that with repeated effort can gain momentum and grow larger.

https://www.fi-magazine.com/365388/nada-ceo-keeps-focus-on-diversity-equity-and-inclusion
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...

https://www.fi-magazine.com/366597/nada-market-beat-limited-vehicle-availability-continues-to-impact-sales-despite-slight-inventory-increases-in-november
Categories: Dealer Ops, Digital, Product & Technology, Sales, Showroom
TrueCar and GovX Partner to Launch New Auto Buying Program Powered by TrueCar Military

Military, first responders and law enforcement will have access to cost-savings, upfront VIN-based pricing, and a modern digital deal building experience.

https://www.fi-magazine.com/364172/truecar-and-govx-partner-to-launch-new-auto-buying-program-powered-by-truecar-mi
Categories: Digital, Product & Technology, Showroom
VW Credit, Inc. Selects Manheim for New Volkswagen and Audi Upstream Remarketing Sites

New VolkswagenDirect and AudiDirect websites enable dealers to purchase fresh, off-lease inventory to stock their lots.

https://www.fi-magazine.com/364212/vw-credit-inc-selects-manheim-for-new-volkswagen-and-audi-upstream-remarketing-s
Categories: Awards, Dealer Ops, Industry, Showroom
Inventory Slowly Bouncing Back as Demand Slows

Current inventory levels rest at a 31-day supply for U.S. dealers, reports Cox Automotive subsidiary vAuto.

https://www.fi-magazine.com/365970/inventory-slowly-bouncing-back-as-demand-slows
Categories: Fixed Ops, Industry, Showroom
Proposed Bill Could Cherry Pick Winners and Losers in EV Game

A proposal that gives higher EV tax credits to union shops has caused controversy over preferential treatment for EV incentives. 

https://www.fi-magazine.com/365258/proposed-bill-could-cherry-pick-winners-and-losers-in-ev-game
Categories: Fixed Ops, Industry, Showroom
Chip Summit Brings Good News and Bad News for Automakers

The Biden Administration has bipartisan support to contribute $50 billion for semiconductor manufacturing and research, but where the funds will go remains...

https://www.fi-magazine.com/364554/chip-summit-brings-good-news-and-bad-news-for-automakers
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.

https://www.fi-magazine.com/366309/demand-pushes-up-prices-as-depreciation-increases
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.

https://www.fi-magazine.com/366709/tight-inventories-cause-brand-loyalty-to-dip
Categories: Dealer Ops, Showroom
Nissan Slows Production Amid Chip Woes

Nissan will suspend production of the Murano, Leaf and Maxima at its Smyrna, Tennessee, plant for four additional weeks after its summer shutdown ends.

https://www.fi-magazine.com/365069/nissan-slows-production-amid-chip-woes
Categories: Dealer Ops, Showroom
Quantum5 Ushers in Next Evolution of Training with People-First BDC Program

Quantum5’s BDC training program uses a three-step process to help dealerships improve customer communication, build meaningful relationships, and manage...

https://www.fi-magazine.com/366601/quantum5-ushers-in-next-evolution-of-training-with-people-first-bdc-program
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.

https://www.fi-magazine.com/366872/december-auto-sales-slip
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.

https://www.fi-magazine.com/366364/auto-industry-readies-for-magnesium-shortage
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.

https://www.fi-magazine.com/366610/chip-flow-increasing-for-gm
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. 

https://www.fi-magazine.com/366481/ford-enters-agreement-to-boost-chip-supplies
Categories: Dealer Ops, Industry, Showroom
Build-to-Order Gains Momentum

High demand coupled with low inventory has spurred consumers to order the vehicle they want.

https://www.fi-magazine.com/365414/build-to-order-gains-momentum
Categories: Dealer Ops, Industry, Product & Technology, Showroom
More Consumers than Ever Considering EV Purchase

A study by CarGurus Inc. released this week finds Americans may need less encouragement than originally believed to make the switch to electric cars and trucks.

https://www.fi-magazine.com/364560/more-consumers-than-ever-considering-ev-purchase
Categories: Dealer Ops, Industry, Showroom
Soaring Used Car Prices Named as Key Reason for Skyrocketing Inflation

The Bureau of Labor Statistics reports the cost of previously owned sedans, pickups, and SUVs climbed 10% in April, accounting for over one-third of the...

https://www.fi-magazine.com/364752/soaring-used-car-prices-names-as-key-reason-for-skyrocketing-inflation
Categories: Dealer Ops, Digital, Product & Technology, Showroom
BacklotCars and TradeRev Combine To Form Streamlined Dealer-to-Dealer Marketplace

U.S. migration to BacklotCars offers greater transparency and better outcomes for sellers and buyers.

https://www.fi-magazine.com/364143/backlotcars-and-traderev-combine-to-form-streamlined-dealer-to-dealer-marketplac
Categories: Fixed Ops, Industry, Showroom
Despite Inventory Crunch and All-Time High Costs, U.S. Automobile Dealer Sentiment Remains Positive

The most recent Cox Automotive Dealer Sentiment Index indicates that more dealers feel that the automotive market is strong compared to the number who feel...

https://www.fi-magazine.com/366621/despite-inventory-crunch-and-all-time-high-costs-u-s-automobile-dealer-sentiment
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.

https://www.fi-magazine.com/366895/wholesale-used-vehicle-prices-slowed-in-december
Categories: Dealer Ops, Industry, Showroom, Training
Do Your Underperformers Need to be Fired or Led?

In most cases, individuals underperform because they weren’t set up for success. At the end of the day, only you can decide whether trying to salvage the...

https://www.fi-magazine.com/364914/do-your-underperformers-need-to-be-fired-or-led
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...

https://www.fi-magazine.com/366887/nada-market-beat-2021-new-light-vehicle-sales-up-3-1-over-2020
Categories: Dealer Ops, Industry, Showroom
Japan Shows Signs of Rebound

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

https://www.fi-magazine.com/366783/japan-shows-signs-of-rebound
Categories: Dealer Ops, Industry, Showroom
The Kerrigan Index Continues to Hit All-Time Highs in 2021

The Kerrigan Index surpassed 1000 for the first time in its history on Friday, March 5th, continuing a streak of all-time highs throughout late 2020 and the...

https://www.fi-magazine.com/364250/the-kerrigan-index-continues-to-hit-all-time-highs-in-2021
Categories: Fixed Ops, Industry, Showroom
Black Book’s Used Vehicle Retention Index Continues to Increase

The seasonally adjusted Retention Index increased to 189.9 points, reaching another record.

https://www.fi-magazine.com/366574/black-books-used-vehicle-retention-index-continues-to-increase
Categories: Dealer Ops, Showroom
New Car Registrations Show a Surge in EV Ownership

Electric vehicle registrations jumped 95% to 133,509 in January through April, compared to the same period in 2020.

https://www.fi-magazine.com/365120/new-car-registrations-show-a-surge-in-ev-ownership
Categories: Dealer Ops, Industry, Showroom
Introducing iA American Warranty Group

Innovative Aftermarket Systems, Southwest Reinsure, Inc., and Dealers Assurance Company are now iA American Warranty Group.

https://www.fi-magazine.com/364408/introducing-ia-american-warranty-group
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.

https://www.fi-magazine.com/366450/cox-automotive-as-more-americans-choose-evs-price-and-range-continue-to-hold-bac
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales, Showroom
Record Profits, Cash Flow and Demand Drove Historic Valuations and Transactions in Q2 Auto Dealership Buy/Sell Market

Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.

https://www.fi-magazine.com/365964/record-profits-cash-flow-and-demand-drove-historic-valuations-and-transactions-i
Categories: Dealer Ops, Industry, Showroom
Manufacturers Hopeful That Chip Supply Will Improve in Q4

Though forecasts predict the global semiconductor shortage may not right itself until 2023, vehicle manufacturers express hope for improvement in Quarter 4.

https://www.fi-magazine.com/365873/daimler-manufacturers-hopeful-that-chip-supply-will-improve-in-q4
Categories: Dealer Ops, Showroom
Black Book: Specialty Market Report

For the second time in as many months, one of the major RV market segments has declined in value, but this time it was the towables, which fell for the...

https://www.fi-magazine.com/366345/black-book-specialty-market-report
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.

https://www.fi-magazine.com/366608/stellantis-ceo-calls-pandemic-impacts-eye-opening
Categories: Dealer Ops, Industry, Showroom
Chip Shortage Hits Subaru’s FY Profits

Subaru FY2020 profits plunged by half as automaker grapples with the pandemic, microchip shortage and other factors.

https://www.fi-magazine.com/364725/chip-shortage-hits-subarus-fy-profits
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Market Insights from Black Book

On a volume-weighted basis, the overall Car segment increased +0.18%. For reference, the previous week cars increased by +0.06%.

https://www.fi-magazine.com/365862/market-insights-from-black-book
Categories: Dealer Ops, Showroom
NADA Dealer Attitude Survey Moves Nissan Ranking Up

The automaker ranked 10 places higher than a year ago after easing up on its high-pressure sales program.

https://www.fi-magazine.com/366014/nada-dealer-attitude-survey-moves-nissan-ranking-up
Categories: Dealer Ops, Industry, Showroom
Toyota, Kia, Honda and Hyundai Sales Soar After Pandemic Slip

The Toyota brand led the latest signs of a recovering and booming market with the automaker putting its preliminary seasonally adjusted, annualized rate of...

https://www.fi-magazine.com/364666/toyota-kia-honda-and-hyundai-sales-soar-after-pandemic-slip
Categories: Dealer Ops, F&I, Fixed Ops, Product & Technology, Sales, Showroom
Why Post-Sale Marketing Matters

The model of selling vehicles alone is not enough to grow and drive profits for a dealership.

https://www.fi-magazine.com/364509/why-post-sale-marketing-matters
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.

https://www.fi-magazine.com/366966/luxury-brands-saw-record-sales-in-2021
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.

https://www.fi-magazine.com/366660/biden-administration-announces-federal-ev-plan
Categories: Fixed Ops, Showroom
Sentry Insurance Launches Sentry Risk Factor

Risk management tool intended to help dealership industry reduce large losses.

https://www.fi-magazine.com/365772/sentry-insurance-launches-sentry-risk-factor
Categories: Dealer Ops, Industry, Sales, Showroom
Light Vehicle Sales Continue to Rebound as Microchip Shortage Squeezes Supply

Automakers reported impressive monthly results, showing increases that ranged from 40% to 70% compared to unit sales during the pandemic.

https://www.fi-magazine.com/364950/light-vehicle-sales-continue-to-rebound-as-microchip-shortage-squeezes-supply
Categories: Dealer Ops, Industry, Showroom
Senate Passes Legislation to Boost Chip Production and Compete With China

The bill earmarks $52 billion to help domestic semiconductor manufacturers expand production.

https://www.fi-magazine.com/365022/senate-passes-legislation-to-boost-chip-production-and-compete-with-china
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...

https://www.fi-magazine.com/366340/vehicle-sales-continue-to-drop
Categories: Dealer Ops, F&I, Fixed Ops, Industry, Showroom
Maintaining Business Growth in Times of Crisis

Crisis management planning seems like a foreboding and thankless task to many business owners and managers, but 2020 taught us that we need a crisis...

https://www.fi-magazine.com/364180/maintaining-business-growth-in-times-of-crisis
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.

https://www.fi-magazine.com/366742/opposition-to-metal-mining-stands-in-way-of-evs


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