WardsAuto Dealer 5
 
WardsAuto Dealer 5
 

MAY 10, 2023

Welcome to the Wednesday, May 10, 2023, edition of WardsAuto Dealer 5. As always, there's plenty of news about the auto sector. We've gathered some of the most notable stories from WardsAuto and beyond to ensure you are in the know.

1.

Top Five Car Dealership Compliance Violations

“Some dealerships take compliance seriously, some don’t,” says Doug Fusco, founder of Dealer Safeguard Solutions.

Full article

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2.

Show Buyers the Money

Kelley Blue Book releases 5-year Cost-to-Own Awards.

Full article

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ProfitTime® GPS: Make EVERY APPRAISAL with a North Star
As the search for inventory moves to less-traditional sourcing channels and vehicle values are more volatile than ever, many dealers are struggling with appraisals that are wildly inconsistent. But, dealers appraising with the “North Star” approach inside ProfitTime GPS have found a better way. Learn more about it!

3.

45% of US car dealers won’t sell you an EV – here’s what’s going on

Lack of inventory is only part of the story.

Full article

Electrek

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Global leader for connected car & IOT technologies
SVR Tracking provides leading edge technology and telematics customizable for auto retail new & used, BHPH, financing/leasing, insurance and specialty vehicles like ATVs, motorcycles, construction equipment, etc. Constantly innovating, SVR provides scalable platforms and advanced level of customer service often working through key partner distributors that ‘white-brand’ and custom the solutions.

4.

NADA Supports STAR “Uniform Risk Assessment Standards”

Dealers must take broader steps to oversee service providers.

Full article

NADA

5.

Mixed Results in Q1 Auto-Finance Digital Use

Quarter-over-quarter digital adoption rate grows.

Full article

F&I Showroom

That’s our WardsAuto Dealer 5 for today. We’ll be back soon with more high fives.

As always, please feel free to pass this along to your colleagues and others who are interested in automotive insights. 

If you have questions, concerns or story ideas, please contact editor Nancy Dunham at NDunham@WardsAuto.com

Thanks for reading. We'll be back soon with more of the latest news.