JULY 28, 2021

Hey there. Welcome to the WardsAuto Dealer 5 for Wednesday, July 28. We've put together items from WardsAuto.com and across the Internet. So let's go:

How Dealers Can Prepare for a Possible Corporate Tax Increase

Primarily, it is important for dealers to re-address their long-term strategy with short-term cash flow needs. While any tax changes at this point are still unknown, the intent is to raise long-term capital gains taxes, which raises qualified dividend rates.

Full article

It’s time to shift your dealership into high gear.

For all things auto, you deserve an ally who understands the ins and outs of the industry. With dedicated underwriter and Account Executive teams, comprehensive training courses, social media tools, and customized F&I solutions, Ally provides you with the resources you need to help you be more productive. Learn More

EVs Must Be Affordable, Stellantis CEO Tavares Says

“We don’t want to disconnect with the middle classes,” Carlos Tavares says. “If we want to stay affordable while building a new electric technology that’s 40% more expensive, then we have to work harder on the cost reduction.”

Full article

VUE DMS Will Help You Take Back Control of Your Dealership
Cloud-native DMS built on Microsoft Azure empowers dealers with secure, flexible solution.

These unprecedented challenges are creating uncertainty, which impacts key decisions that drive business continuity. While you cannot do much about the chip shortage that has stalled new car inventory or dictate OEM infrastructure upgrades, there is plenty that you can do to ensure you are the primary driver of your dealership. Click Here

Microchip Shortage Leaves Alaska With Few New Cars

The situation is so dire that some dealerships along the Old Seward Highway in Anchorage have lined up their remaining new vehicles bumper to bumper along the road, highlighting what they have left. Behind the cars are mostly empty parking lots, reports the Anchorage Daily News.

Full article

Take Control of Your Reconditioning Process

With undefined timeframes and limited accountability, it’s no wonder dealers struggle to lower reconditioning costs. Bring clarity to the process with iRecon, vAuto’s reconditioning solution to help you create recon plans, monitor each vehicle’s progress and get inventory to the front line where it can be seen—and sold—faster. Click Here

2021 Mercedes-Benz S-Class: Smarter Than Us, or at Least Me

Besides speaking 27 languages and its first-rate gasoline V-8, the ’21 S 580 4Matic we tested is a kind, loving and nurturing parent that gently guides the vehicle where it needs to be, without shaming the driver.

Full article

Ready or Not, EV is Here and Now

Vehicle electrification is no longer a thing of the future: it’s here, and here to stay. Proactive dealers are preparing for the advance in EV sales today. Click here to read the full article

Virginia Dealership Receptionist Accused of Credit Card Fraud

The 25-year-old woman was arrested and charged with credit card theft and credit card fraud, six months after the manager of the Alexandria dealership reported several fraudulent charges, reports ALX NOW website.

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, directions), contact Tom Murphy at tmurphy@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...

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