JUNE 29, 2022

Good morning and welcome to WardsAuto Dealer 5 for Wednesday, June 29, 2022. We've compiled some of the most pertinent news from WardsAuto and other sources including the FTC -- don't miss its latest proposed rule. Read on for more news to keep you up-to-date on auto industry happenings.

FTC Proposes Rule to Ban Junk Fees, Bait-and-Switch Tactics Plaguing Car Buyers

As auto prices surge, agency launches rulemaking to protect consumers’ pocketbooks and level the playing field for honest dealers.

Full article

Federal Trade Commission

Ford Bent But Not Broken by Economic Headwinds, CFO Says

Chief financial officer John Lawler says Ford is keeping a close watch on rising materials costs while looking at ways to reduce the product-development costs and capital expenditures needed to sustain the business.

Full article

Gas Stations, Convenience Stores Can Grow an EV Future

The auto industry and fueling stations need to collaborate to increase consumer EV comfort and promote seamless EV adoption.

Full article

Join us in Scottsdale for the Ally A-List Summit.
Featuring keynote speakers Danny Koker and Kevin Mack from Count’s Kustoms, we’re back with four days of immersive training October 16-20. Our instructors will lead you through sessions to help you keep your dealership growing, including leadership, operations, management, and HR.
We’re all better off with an ally. Register today

Nimble, Customer-Centric Dealerships Key to Growth

CarMax’s CEO notes online F&I and associate buy-in wins customer loyalty.

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A Targeted Way to Reach Classic, Exotic and Collectible Car Buyers

Dealers can list specialized inventory on Classic.com – for free.

Full article

Upside™ Turns Old Wholesale Wisdom Upside Down
Think you have to turn away trades you don’t plan to retail? Think again. Wholesaling with Upside, there’s profit to be made from almost any trade. And even more value in that customer who wants to make the deal. Learn how to turn old wholesale wisdom upside down at TakeTheUpside.com

Thanks for reading WardsAuto Dealer 5. And please, pass it on to colleagues and other interested folks.

Remember, too, we welcome your questions, comments and ideas. To share those please contact editor Nancy Dunham at NDunham@wardsauto.com

We'll be back soon.

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