Trending Auto Retail News
4 Ways to Operate Strategically
By Ash Bauer, Executive Vice President, Assurant Resource Automotive Short term, social distancing measures could lead to an 80-90% drop in sales volumes in auto retail. Looking longer-term, 2020 SAAR forecasts suggest new-vehicle sales could fall 15-35%...
Going the Extra Mile During the COVID-19 Crisis
By Dave Woodland, Service Director, Toyota of San Bernardino No one ever expected the country to come to a near-complete halt. But that’s what COVID-19 has done to America. And as essential businesses, many dealerships are going the extra mile to assist our customers...
Corona Crisis Playbook
Sean Wolfington is the owner of LA Honda, Team Velocity, CarSaver, Tier 10 and a number of other auto tech companies. In this video, Sean provides detailed information on how to tap government stimulus funding to cover dealership overhead, along with other best...
5 Reasons to Reconcile Bank Transactions Daily
By Tracey Van Allen, Accounting Support Specialist, Auto/Mate Does your dealership still reconcile bank transactions at the end of every month using paper bank statements and Excel spreadsheets? Recently, I visited a dealership that still used paper ledger books and...
Why Face-to-Face Conversations Are More Important Than Ever
By Timmy James, Chief Operating Officer, Flick Fusion Video Marketing By nature, humans are social creatures. Need more proof? One of the worst punishments our legal system has come up with is solitary confinement. Not only is this dreaded by inmates, but it can also...
Getting Out of the Dark: Tips for Turning the Lights Back On
By Chris Martin, SVP of Customer Development, Client Command Yes, the COVID-19 pandemic is unlike anything our country has ever seen. However, we know from past economic interruptions, companies that find ways to continue pressing forward can significantly lessen the...
Our Time Is Now: Q&A with Erich K. Gail of the Cardinale Group
By Laurie Halter, owner of Charisma! Communications A few weeks ago, I had the privilege of sitting down with Erich K. Gail, CEO of the Cardinale-Group of Companies to discuss the strategies they are using to market, sell, and serve their customers and associates...
Zeigler to Pay Health Insurance Costs for Employees for May and June, Adds Additional Help for Next 8 Weeks
Kalamazoo Michigan (April 22, 2020) - Aaron Zeigler, the dealer group’s president and owner, announced on Monday, April 20, 2020 that he will be offering free health insurance for the month of May and June to all employees that are currently working or back to work by...
Recovering Demand Is Crucial to the Sustainability of Restarted Production at Volkswagen, Says Globaldata
Following the news that the production of vehicles at Volkswagen’s (VW) main Wolfsburg plant in Germany has restarted after a period of shutdown due to the impact of the COVID-19 crisis; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics...
Sentiments Crash for Several Global Automakers, Says Globaldata
The COVID-19 outbreak has rendered automakers helpless with large-scale supply chain disruptions and retail outlet shutdowns. The troubles are mounting due to supply chain volatility spreading as fast as the virus, which also reflects the in decline in sentiments for...
Financial Pressures in Automotive Will Boost M&A Activity, Says Globaldata
There has been an increase in the number of deals in the automotive sector reported since the COVID-19 crisis hit the global auto industry in March, says GlobalData, a leading data and analytics company. David Leggett, Automotive Editor at GlobalData, comments: “As...
Nextgear Capital Extends Relief Package for Dealers, Launches Resource Hub
CARMEL, Ind. (April 24, 2020) – As part of its ongoing response to the COVID-19 pandemic, NextGear Capital, the automotive industry’s largest floor plan provider for independent dealers, announced it’s continuing to support dealers during this crisis by extending the...
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