How the New CARES 2 Stimulus Package Could Spur Car Sales Again
On July 27th, Congress was set to hear from eight senators who are pitching the details of a new economic stimulus package for the United States. Led by Senate Leader Mitch McConnell, the Republicans aim to present financial aid that…
New Stimulus Package Expected, But Payments Likely Smaller This Time
When Congress returns on July 20th, Mitch McConnell expects that a new COVID-19 stimulus package will be on the agenda. The Senate Majority Leader made the comments regarding a rescue package when speaking at a public event in Kentucky on…
Middle and Upper-Class Car Buyers Spending Actively
The second-quarter car sales reports tell a story that few care to recall. The pandemic response sent more than 45 million Americans into the unemployment line so they could pay their bills. But during this crisis, the wealthy in the…
Cox Automotive Chief Economist Jonathan Smoke Reviews Industry Recovery Efforts
On today’s show, we’re pleased to welcome back Jonathan Smoke, Chief Economist for Cox Automotive. In this segment, Jim and Jonathan discuss the Cox Automotive Mid-Year Review, the current view of new and used retail sales, and the road to…
Bloomberg Analyst Kevin Tynan Discusses May Sales, Consumer Trends & the 2020 Forecast
On today’s show, we welcome back Kevin Tynan, Senior Automotive Analyst with Bloomberg Intelligence. In this segment, Kevin and Jim talk about notable market trends in retail automotive over the past month. Did you enjoy this interview? Please share your thoughts, comments,…
Positive Steps for Economy in Nevada as Las Vegas Reopening
At the stroke of Midnight on June 4th, Golden Gate Hotel and Casino welcomed their first guests back to the tables. The Stratosphere observation tower opened as well, and a virtual fireworks show punctuated the occasion amid street-level festivities. Las…
Are Auto Sales on the Road to Recovery? Cox Automotive’s Industry Analysts Weigh In
As part of our ongoing coverage of the Coronavirus, we’re pleased to welcome three of Cox Automotive’s top industry economists and analysts including Jonathan Smoke, Charlie Chesbrough, and Zo Rahim. In this segment, the panel discusses how things have progressed…
Kevin Tynan, Bloomberg Senior Automotive Analyst, Shares His Industry Insight
As part of our continuing coverage of the Coronavirus, we’re pleased to welcome Kevin Tynan, Senior Automotive Analyst at Bloomberg Intelligence. In this segment, Kevin and Jim discuss struggles facing the auto industry due to the Coronavirus and predictions moving forward.…
How Dealers Can Get Funding to Survive This Crisis and Thrive During the Recovery – Sean Wolfington, Tech Entrepreneur
As part of our continuing Coronavirus coverage, we’re pleased to welcome Sean Wolfington, Founder and Chairman of CarSaver and seasoned tech Entrepreneur responsible for companies like VinSolutions, Intellacar, and Team Velocity to name a few. In this segment, Sean and…
What You Need to Know About the Paycheck Protection Program and How to Apply – Ashley Bell, White House Policy Advisor
As part of our continuing coverage of the Coronavirus, we’re pleased to welcome Mr. Ashley Bell, who is the White House Policy Advisor on entrepreneurship and innovation. Ashley also serves as Regional Administrator for SBA Region IV and today he…
HEADLINES
Auto ventures capitalize on stock market strength to push through acquisitions and IPOs
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. In this episode, Greenfield takes a…
Bernie Moreno returns to auto retail with new digital technology
While the COVID-19 pandemic has created many obstacles for auto dealers, some have found ways to create opportunities in the midst of adversity. After taking a step back from the auto industry, Bernie Moreno, president of Bernie Moreno Companies, and…
Why automation is a crucial tool in today’s auto industry
In today’s fast-paced world, customers expect personalized communication that speaks to their specific needs and grabs their attention. This expectation increases the number of meaningful touches needed between a customer and a sales representative. With a smaller team, how can…
Wholesale prices begin to normalize on usual inventory levels
Dealers may start to notice the wholesale prices at auction slip back into more familiar territory. According to Manheim’s Used Vehicle Value Index mid-month report for September, wholesale used vehicle prices have decreased by 0.9% in the first two weeks…
Auto ventures capitalize on stock market strength to push through acquisitions...
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. In this episode, Greenfield takes a…
The role diversity plays in your dealership’s customer communications
Welcome back to Diversity in Automotive brought to you by TrueCar and CarNow. As you look across your customer base, there are several moving parts of communications that everyone has to get right. Externally, dealers have to represent the franchise…
Conducting customer interviews online to discuss F&I options
It’s time to face a new reality. Offsite deliveries aren’t going anywhere anytime soon. COVID-19 has forever changed the way car dealers do business, quite possibly forever if not for the foreseeable future. In growing numbers, more dealers performing offsite…
