WardsAuto Dealer 5
 
















JULY 17, 2023






1.

The Waiting Is the Hardest Part

Dealers must speed up F&I, sales processes to win over consumers, a CDK study suggests.

Full article

2.

Used-Vehicle Values Hit Pothole 

The Manheim Used Vehicle Value Index ended the first half of 2023 down 10.3% from a year ago.

Full article

3.

Used-Car Loan Delinquencies Rise

The subprime sector leads the pack, but delinquencies affect all loan segments.

Full article

4.

Tesla, Rivian, Lucid snatch $910 million from traditional dealers in California
Online sales cost each old-school dealer an estimated $700K on average.

5.

Volkswagen CEO Schaefer to Managers: ‘The Roof Is on Fire’

Thomas Schaefer’s fiery address reveals tough times are ahead for Volkswagen as unprecedented investments in the transition to electric vehicles weigh heavily on the German brand.

Full article