Inside Automotive
How dealers can successfully navigate changes in the F&I department – Cory Collins
A vital role of the F&I department is customer education. However, procedures and training in this domain have undergone substantial changes. Hence, on the latest episode of Inside Automotive, we’re joined by Cory Collins, a national F&I trainer for Automotive Reinsurance Concepts and speaker. Collins delves into how much has changed and which factors still impact the F&I department. Watch the full segment here
Top stories
Several car makers are more closely considering producing hybrid cars and trucks to meet consumers’ growing demand and avoid incurring penalties from federal fuel economy and emissions regulations. Automakers are investing in all-electric vehicles to increase their prevalence on American roads. However, the evolving shift contradicts the industry-wide promotion of EVs encouraged by the Biden administration. Read More
The first of the Biden Administration’s government-funded electric vehicle charging stations has officially opened in Ohio following a two-year wait. The EV charging station opened last Friday, December 8, off I-70 at the Pilot Travel Center near Columbus, Ohio. The location features four chargers and typical travel amenities. Read More
On December 11, four Nordic pension funds jointly announced that they would send a letter to Tesla, urging the company to respect the collective bargaining rights of its workers. Swedish mechanics demanded collective bargaining rights from Tesla, but the company didn’t agree to comply with their demands. As a result, some pension funds sold their Tesla stock, and the situation inspired regional solidarity strikes. Read More
Auto loan access declined in November after multiple months of improving conditions, according to Cox Automotive’s Dealertrack Auto Credit Availability Index. After hitting a peak in the summer of 2022, auto loan access has been on a steady decline, with occasional but short-lived improvements throughout the year. From June through October, credit availability increased across most channels on a month-over-month basis while remaining behind the prior year’s levels. Read More
For Dealers
What’s your dealership’s unique selling proposition?
Can you rattle off two or three reasons why customers should choose your store over the competition? If not, it’s time to roll up your sleeves and identify your dealership’s unique selling proposition (USP). Let’s first define a USP. At its core, a unique selling proposition sets a business apart from its competitors. Read More
Ignite and sustain employee motivation to gain a competitive edge
In the dynamic and competitive world of car dealerships, employee motivation serves as the driving force behind achieving success. For managers, your pivotal role lies in steering your team toward their goals. This article offers valuable insights into igniting and sustaining your team’s motivation while navigating the challenging terrain of the auto sales industry. Read More
