OCTOBER 14, 2020

Hey there. Welcome to the WardsAuto Dealer 5 for Wednesday Oct. 14. We've put together items from WardsAuto.com and across the Internet. So let's go:

Government Stimulus Checks Spur Auto Sales

“Cash in pocket increases the demand for vehicles,” says Cox Automotive Chief Economist Jonathan Smoke. “Kudos to dealers for going from ‘Can we stay in business?’ to the best summer (used-car) profits we’ve seen.”

Full article

Genesis Pursues Young Affluent Vehicle Buyers

As “the youngest luxury brand,” Hyundai’s spinoff sets sights on millennials, says Genesis Motor America CEO Mark Del Rosso.

Full article

Auto Loan Complaints Rise

Pandemic worsens existing consumer problems with car buying in CFPB data

Full article

COVID-19 Spurs Manheim Digital Auction Efforts

More car dealers are choosing digital over physical auctions, says Zack Hallowell of Manheim Digital.

Full article

Milwaukee auto dealership has licensed revoked

C4 Sims Auto LLC is accused of collecting title and registration fees totaling $18,266 and failing to submit the fees and appropriate documentation to the DMV.

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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