APRIL 28, 2020

Sight-Unseen Trade-Ins Tricky for Car Dealers

Setting used-car values in an upside-down market isn’t easy, says vAuto’s Patrick Janes.

Auto Sales Out of Intensive Care

“Things are looking up,” says J.D. Power’s Tyson Jominy, pointing to three straight weeks of improved sales this month.

Hard-Hit Wholesale Vehicle Market Only Begins to Recover

Car dealers “are reluctant to add replacement vehicles to their inventory,” says J.D. Power’s Jonathan Banks.

What to Know About Online Sales, Deliveries

“All this stuff needs to be baked in stone,” attorney Russell McRory says during a COVID-19-related NADA webinar on proper protocols.

Not Too Early for Car Dealers to Plan Market Recovery

In a downturn, taking bold action and using resources creatively can blunt some of the negative impact.

Lithia Charts Post-Pandemic Course

Chief operating officer Chris Holzshu says Lithia is reducing its advertising spend 20% to 30% and reducing head count about 40% by eliminating some positions and putting others on furlough, in hopes of hiring them back.