WardsAuto Dealer 5
 
WardsAuto Dealer 5
 

JUNE 8, 2022

Welcome to our midweek edition of WardsAuto Dealer 5 for Wednesday, June 8, 2022. We have gathered news from Wards Auto and other sources to keep you in the know. Let's dig in---

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1.

‘How Do We Verify Everything in One Day?’ | Auto Fraud Is at an All-Time High

The number of people falsifying documents to get approved for auto loans has increased 5% year over year jumping to $7.7 billion in 2021.

Full article

WCNC - Charlotte

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2.

Digital Retail World Puts New Focus on Vehicle Photography

When it comes to vehicle photos, online technology has become highly extremely advanced and viewers’ expectations have heightened. Today it takes more than a few snapshots to capture potential buyers’ attention.

Full article

3.

U.S. Car Sales at ‘Recessionary Levels,’ As Inflation, Rising Interest Rate Concerns Increase, RBC Says

May auto sales were 'sour' as shortages and other snags remain hurdles.

Full article

MarketWatch

4.

Ford Dealership Applies $69,554 Markup on F-150 Lightning Despite Corporate Orders

Ford dealerships are starting to receive units of the all-electric F-150 Lightning and they are applying massive market adjustments despite corporate’s stern orders not to do so several months ago.

Full article

Teslarati

5.

New-Car Inventory Pinch Driving Up Borrowing Costs

A shortage of computer chips is a big factor in low inventories of new vehicles, and that’s driven up prices. Lower new-vehicle production also means fewer, and costlier, used cars that are nearly new.

Full article

That’s our WardsAuto Dealer 5 for today. We’ll be back soon with more high fives.

And to reach the editor for whatever reason (i.e. comments, complaints, questions, story ideas), contact Nancy Dunham at NDunham@WardsAuto.com 

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