Automotive News

With the ongoing shortage of chips impacting the supply of new vehicles, many dealerships risk disappointing their consumers if they aren't keeping up with demand. If you're relying on your current stock to make up your sales, we have some tips for bringing in the right prospects for your remaining stock.

2020 was a highly profitable year for many automakers and dealerships, despite early drops in sales due to physical closures from the pandemic. According to Experian's latest State of the Automotive Finance Market report, sales weren't spread evenly across the market, though, and subprime and deep subprime sales continued their downward trend throughout the fourth quarter.

Consumers appear to be happier with the car buying process since it seems to be moving along faster! Here's some of the latest info regarding car-buyer behavior.

The COVID-19 pandemic has changed much of our daily lives, but we would have never guessed that consumer credit scores are on the rise. Although the third quarter saw a drop in subprime auto loans, the average credit rating climbed.

Thanks to lower average interest rates, incentives offered, and consumers staying motivated to buy, a rough start to the second quarter of 2020 didn't hold the auto industry down for long. We want to help your dealership bounce back even stronger.

The auto industry is resilient, and there are signs that things could be recovering. Let's take a look at the impact the COVID-19 pandemic will have on used car prices both now and in the foreseeable future.

Dealerships, and the auto industry as a whole, are facing an uncertain future as a result of the coronavirus pandemic. Here's a look at what changes may be coming, and what dealers can do to thrive in the new normal.

The coronavirus pandemic is making one thing about the automotive industry clear: the future is unpredictable. But it's not without hope. Automakers, car dealerships, and other businesses in the auto industry have a history of bouncing back strong. What we need now is a plan to move forward.

In a business that counts on a steady flow of people coming in for test drives, here are some tips on how to keep your car dealership showroom running in light of the coronavirus situation.

Car dealerships in many states are being affected by stay-at-home orders due to the coronavirus. However, many dealers are going above and beyond for their customers in response.