WardsAuto Dealer 5
 
WardsAuto Dealer 5
 

FEBRUARY 7, 2022

Hey there. Welcome to the WardsAuto Dealer 5 for Monday, Feb. 7. We've put together items from WardsAuto.com and across the Internet. So let's go:

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1.

Car Dealers Get Creative in Acquiring Inventory

“Customers not coming in with a trade is an alarming concern for many dealers,” says MAX Digital’s Randy Barone.

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2.

TransUnion: Auto-Loan Terms Stretch as Interest Rates Rise

Monthly auto-loan payments would have been even higher in third-quarter 2021, but borrowers took out a higher proportion of 72- and 84-month loans, TransUnion says.

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3.

Farley: Blue Oval Will Encompass BEVs, ICE Vehicles

CEO Jim Farley dismisses speculation Ford might split into two distinct enterprises even as its ICE and BEV businesses continue to evolve independently.

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4.

Michigan QB J.J. McCarthy Inks NIL Deal With Michigan Auto Dealer

The Michigan football team hasn't named its starting quarterback for the 2022 season. But in terms of being the official quarterback of the Randy Wise Automotive Team, J.J. McCarthy has already won the job, 247 Sports reports.

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5.

Blockchain, Smart Contracts Have German Auto Dealers on Fast Track to Financing

German auto dealers are using the Ethereum blockchain to get around bank bureaucracy, speeding up dealer credit applications, Robotics & Automation News reports.

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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, directions), contact Dave Zoia at dzoia@wardsauto.com

OK, finally... Forward this alert to dealership colleagues. The more in-the-know people at your place, the better it is. Over and out.

Now for the legal stuff...