Unofficial NAFTA Talks Are ‘Very Likely’ at Next U.N. Assembly According to Justin Trudeau

NAFTA
After making little progress with negotiations last Thursday in Washington, D.C., Canadian Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer are expected to once again hold informal NAFTA talks on the edge of the 73rd annual U.N. General Debate in the coming...

Do Cryptocurrencies Like Bitcoin Belong in Your Dealership?

bitcoin
Unless you’ve been hiding under a rock for the last several years, you are familiar with Bitcoin and the excitement surrounding blockchain technology. Also known as cryptocurrency, these electronic currencies are becoming more popular as a means of payment. The tricky thing with Bitcoin and...

Should The Threat of New Tariffs Worry Auto Retailers?

tariffs
With President Donald Trump's move to impose new tariffs on car materials from foreign suppliers, there has been a massive amount of pushback from individuals and corporations. Despite the satisfactory status of the auto market at the moment, many fear that new tariffs could...

What You Need to Do — NOW — to Succeed in a Regrowth Economy

dealers
Check the correct statements... ❑ In good times we develop bad habits because we can. ❑ In bad times we develop good habits because we have to. We hardly ever get the chance to start over in life, or in business, but that’s exactly what almost every...

Tensions Intensify as Tariffs Take Effect

Tariffs
As promised by both countries, the United States and China have each implemented $34 billion in tariffs on goods. Bloomberg News has now reported that U.S. President Donald Trump is threatening to impose new tariffs on every import from China. Overall, this could amount...

Daimler Profit Projections Lowered with Escalating Trade Tariffs

Daimler
Mercedes Benz’s parent company, Daimler, has reported that the escalating trade war between the United States and China is the reason they have cut its profit forecast. This statement comes after the announcement that each country will implement new tariffs beginning on July 6....

Four Advantages to Sharing Your Community Networks with Local Businesses

local businesses
Auto dealerships are in a unique position. Other than purchasing a home, buying a car is one of the most expensive and significant decisions an individual can make. As most dealers know, the process of creating a sale depends on the genuine connection the...

Matus: Auto Industry is not the Best Gauge for U.S. Economy

economyvideo
When the economy is good, everyone is happy. When the economy looks bad, certain industries are called out as a gauge to how the economy will end up looking in the months ahead. Right now, the auto industry is that gauge. Drew Matus, chief...

Is Subprime Debt a Systemic Issue for the Auto Industry?

subprimevideo
  Steve Eisman, Group Fund Manager with Neuberger Berman and the inspiration behind a character from the movie "The Big Short," once said, "We are in an environment where credit quality has never been this good in anyone's lifetime, with the one exception of subprime...

What’s behind GAP loss ratios?

GAP loss
For those dealers who participate in reinsurance and follow loss ratios, you’ve probably seen a spike of increasing Guaranteed Asset Protection contracts within the last couple years. At EFG Companies, we have been analyzing this trend very carefully. Let’s review what’s happening in the...

HEADLINES

newscastvideo

Week in Review: Creative Revenue Streams You May Want to Consider at Your Dealership...

CBT News Week In Review for Friday, October 12th, 2018: How to Build a Successful Service BDC Model and Increase Sales - Sarah Vantine, Scott...
compliancevideo

Are You Using Menu Selling for Compliance?

On this week's episode of F&I Today, Becky Chernek asks the question, "Are you using menu selling for compliance?" and goes over other ways...
recall

Are OEM Recalls Effecting Overall Dealership Sales?

Last week the Center for Auto Saftey (CAS) published a demand for a recall of faulty KIA and Hyundai vehicles. Their demand is due...
email communicationsvideo

Improving Email Communications to Increase 2-Way Engagement

On today's Tip of the Day, Brian Pasch discusses improving email communications to increase two-way engagement and help you sell more cars in the...

Are You Using Menu Selling for Compliance?

On this week's episode of F&I Today, Becky Chernek asks the question, "Are you using menu selling for compliance?" and goes over other ways...

Competitive Analysis

 Many times you can't see the picture behind the frame. We often get caught up in our own dealership bubble and can't see past...

Being An Unconditional Performer

Many people can have a good day after a good night's sleep or if they're feeling 100 percent. That's called being a "conditional performer."...