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Categories: Dealer Ops, Industry, Showroom
GM Hedges its Bets on Ultium Platform

General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake...

https://www.agent-entrepreneur.com/368050/gm-hedges-its-bets-on-ultium-platform
Categories: F&I, Fixed Ops, Industry
Tesla Insurance Options Pick Up Steam

The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.

https://www.agent-entrepreneur.com/368047/tesla-insurance-options-pick-up-steam
Categories: Dealer Ops, Fixed Ops, Industry, Showroom
Illinois Suspends Carvana Dealer License

The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.

https://www.agent-entrepreneur.com/368043/illinois-suspends-carvana-dealer-license
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales
With New-Vehicle Prices Climbing in April, Affordability Declines Further

New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s...

https://www.agent-entrepreneur.com/368045/with-new-vehicle-prices-climbing-in-april-affordability-declines-further
Categories: Compliance, Dealer Ops, Industry, Showroom
Attorney Generals Sue EPA over Clean Air Act Waiver

The challenge arises over the EPA decision to reinstate the waiver and withdraw its interpretation of the Clean Air Act that would prohibit other states...

https://www.agent-entrepreneur.com/368041/attorney-generals-sue-epa-over-clean-air-act-waiver
Categories: Compliance, Industry
NADA Leads the Charge on Combatting Growing Problem of Catalytic Converter Theft

This week, NADA and 12 industry partners urged Congress to take up the PART Act to help fight catalytic converter theft, and specifically asked for the...

https://www.agent-entrepreneur.com/368037/nada-leads-the-charge-on-combatting-growing-problem-of-catalytic-converter-theft
Categories: Compliance, Dealer Ops, Industry
Trade Groups Demand Action as Catalytic Converter Thefts Soar

The National Automobile Dealers Association and 12 other trade groups to urge Congress to advance a bipartisan bill to combat this rising threat.

https://www.agent-entrepreneur.com/368035/trade-groups-demand-action-as-catalytic-converter-thefts-soar
Categories: Auto Finance, Fixed Ops, Industry
Black Book: Market Insights

The Estimated Average Weekly Sales Rate continues to increase and now is at 72%.

https://www.agent-entrepreneur.com/368027/black-book-market-insights
Categories: Auto Finance, Fixed Ops, Industry
Despite a Series of Challenges, Consumer Credit Health Remains Relatively Strong in Opening Quarter of 2022

Q1 2022 TransUnion Credit Industry Insights Report explores latest credit trends.

https://www.agent-entrepreneur.com/368000/despite-a-series-of-challenges-consumer-credit-health-remains-relatively-strong-in-opening-quarter-of-2022
Categories: Auto Finance, Fixed Ops, Industry
Commercial Vehicle Data Shows Continued Buyer Challenges

While demand for commercial vehicle inventory remained high, several movements in the data indicated there are trends shaping the industry and driving buyer...

https://www.agent-entrepreneur.com/367960/commercial-vehicle-data-shows-continued-buyer-challenges
Categories: Auto Finance, Dealer Ops, Industry
Black Book’s Used Vehicle Retention Index Drops Again as Rollercoaster Ride Continues

The seasonally adjusted Retention Index went down to 185.4 points in April 2022 as high gas prices strengthen some segments and weaken others.

https://www.agent-entrepreneur.com/367945/black-books-used-vehicle-retention-index-drops-again-as-rollercoaster-ride-conti
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Black Book: Weekly Market Insights

The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.

https://www.agent-entrepreneur.com/367931/black-book-weekly-market-insights-1
Categories: Industry
Cox Automotive: Implications of Fed Moving Rates Higher and Starting Quantitative Tightening

The Fed delivered on expectations today by raising the target rate for the Federal Funds Rate by half of a percentage point and announcing the plan to start...

https://www.agent-entrepreneur.com/367929/cox-automotive-implications-of-fed-moving-rates-higher-and-starting-quantitative
Categories: Dealer Ops, Industry, Sales, Showroom
Toyota, Honda, Hyundai and Kia Sales Plummet in April

The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.

https://www.agent-entrepreneur.com/367923/toyota-honda-hyundai-and-kia-sales-plummet-in-april
Categories: Dealer Ops, Industry, Showroom
GM Looks to Pricing Power and Pent-Up Demand to Keep Profits High

The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.

https://www.agent-entrepreneur.com/367921/gm-looks-to-pricing-power-and-pent-up-demand-to-keep-profits-high
Categories: Auto Finance, Dealer Ops, Industry, Product & Technology, Showroom
Toyota to Hit Tax Credit Limit for EVs and Hybrid Vehicles

Toyota Motor Corp. is getting closer to using up a key U.S. tax credit for hybrid and electric vehicles, a situation company leaders say will raise its...

https://www.agent-entrepreneur.com/367919/toyota-to-hit-tax-credit-limit-for-evs-and-hybrid-vehicles
Categories: Dealer Ops, F&I, Fixed Ops, Industry, Meet the Executive
Protective Closes on AUL Acquisition

Acquisition adds complementary product portfolio to Protective's asset protection division.

https://www.agent-entrepreneur.com/367910/protective-closes-on-aul-acquisition
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales, Showroom
Car Lease Options in a Chip Shortage Pandemic

Inventory shortages have vehicle lessees re-evaluating their end-of-lease options.

https://www.agent-entrepreneur.com/367901/car-lease-options-in-a-chip-shortage-pandemic
Categories: Auto Finance, Dealer Ops, Industry, Sales
Penske Automotive Group More Than Doubles Q1 Net Income

Penske Automotive Group first quarter net income sored from $183.1 million year over year to $369.5 million.

https://www.agent-entrepreneur.com/367876/penske-automotive-group-more-than-doubles-q1-net-income
Categories: Dealer Ops, Fixed Ops, Industry, Product & Technology, Showroom
Parts and Services Bounce Back

Most categories of dealership service and parts businesses have recovered from COVID-19 shutdowns, especially customer-pay work.

https://www.agent-entrepreneur.com/367863/parts-and-services-bounce-back
Categories: Dealer Ops, Industry, Showroom
GM Asks Suppliers to Sign Pledge to Carbon Neutrality

General Motors has requested its suppliers to sign a pledge of carbon neutrality and commit to social responsibility programs and sustainable procurement...

https://www.agent-entrepreneur.com/367861/gm-asks-suppliers-to-sign-pledge-to-carbon-neutrality
Categories: Dealer Ops, Fixed Ops, Industry, Showroom
Microchip Supply Shortage Continues to Hamper Vehicle Production

The ongoing microchip supply shortage has caused automakers to trim 87,500 more vehicles from their production forecasts, reports AutoForecast Solutions.

https://www.agent-entrepreneur.com/367859/microchip-supply-shortage-continues-to-hamper-vehicle-production
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales
ZeroSum Market First Report: April 2022 Automotive Inventory Data and Sales Forecasts

The consistency of new vehicle inventory levels over the last six months suggests that the industry is readjusting to a ‘new normal’ level of inventory...

https://www.agent-entrepreneur.com/367845/zerosum-market-first-report-april-2022-automotive-inventory-data-and-sales-forec


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