The COVID-19 pandemic has hit the used-car industry hard. Dealership lots that were once filled with customers turned into ghost towns overnight. Consumers were suddenly home bound after stay at home orders went into effect across the country, and even when restrictions were starting to lift, people were hesitant to venture outside due to safety […] [Read More]

It’s a new day — we’re seeing the other side of this pandemic and gaining additional clarity on the future.  It’s been an unusual, stressful, and frightening few months as we’ve all navigated our personal andrbusiness lives in the wake of COVID-19.  While companies throughout our industry have been forced to modify basic business practices, […] [Read More]

Restrictions are lifting and losses are declining, but the post-COVID19 pent-up demand has not yet fully been captured by the auto retail industry. To capitalize on this demand, dealers need to market themselves according to the shopper expectations established as our “new normal.” Luckily, there are a few strategic measures dealers can take to put […] [Read More]

Confession time. While taking some graduate degree courses, I struggled mightily with the statistics class. The thought of standard deviations and Z tables still makes me twitch a little. Nonetheless, I took a few moments on Thursday morning to examine the latest update on unemployment insurance weekly claims compiled by the U.S. Department of Labor. […] [Read More]

Dealer Profit Pros founder and president Kenny Atcheson understands two situations facing dealerships today. Operators likely have many questions about how they should steer their stores through the coronavirus pandemic, and they are watching expenses even closer than usual. To help on both fronts, Atcheson is organizing a conference call aimed at addressing a half […] [Read More]

The 2020 Women & Automotive Canadian Leadership Forum will be a digital experience. In light of the COVID-19 pandemic, Cherokee Media Group has determined the best move for the health and safety of our audience, speakers, teammates and all parties involved is to make this year’s Women & Automotive conference an all-digital event.  Cherokee Media […] [Read More]

The 2020 Auto Remarketing Canada Conference will be a digital experience. In light of the COVID-19 pandemic, Cherokee Media Group has determined the best move for the health and safety of our audience, speakers, teammates and all parties involved is to make this year’s ARC Conference an all-virtual offering. Cherokee Media Group will have more […] [Read More]

People might not be driving as much nowadays because of COVID-19, but LoJack Global senior vice president and general manager Justin Schmid pointed out that company data is showing that vehicle thefts are climbing. During this Auto Remarketing Podcast with Nick Zulovich, Schmid shared ways dealerships can help their customers take advantage of vehicle telematics […] [Read More]

Texas Independent Automobile Dealers Association executive director Jeff Martin joined senior editor Nick Zulovich for a conversation about how operators in the Lone Star State are faring during the coronavirus pandemic. Martin also recapped how TIADA is making adjustments to modify its popular summertime conference to a digital format. To listen to the episode, click on […] [Read More]

Last week marked the first time since May that auction sales of vehicles up to 8 years old failed to crack the 100,000-unit mark, but they were still ahead of pre-virus forecasts, according to the Auto Industry Impact Report from J.D. Power released Wednesday. There were 97,000 auction sales for the week ending July 12. While […] [Read More]