Inside Automotive
EV mandates, affordability concerns are challenging the auto industry – Cody Lusk | AIADA
As we reflect on the year 2023, we recognize that dealers have been met with a myriad of challenges and successes along the way. Today, our spotlight is on international nameplate dealers adhering to diverse regulatory standards. Joining us on the latest episode of Inside Automotive is Cody Lusk, President and CEO of the American International Automobile Dealers Association (AIADA). Watch the full segment here
Top stories
New car prices trended lower in November as the economy continued its post-pandemic balancing act, benefiting consumers but challenging dealer and automaker earnings. According to data from Cox Automotive’s Kelley Blue Book, the average new car price was $48,247 in November, rising marginally from October but falling 1.5% year-over-year. Read More
The Federal Trade Commission (FTC) has voted to implement a new rule banning anti-consumer tactics and unwarranted fees in car sales, prompting a swift and critical response from the National Automobile Dealers Association (NADA). First revealed in mid-2022, the FTC’s Combating Auto Retail Scams (CARS) rule places additional restrictions on dealers and their employees when communicating with their customers. Read More
Auston-based Tesla recently issued a recall affecting nearly 2 million models sold in the U.S. due to its Autopilot feature, which has been involved in nearly 1,000 crashes. The recall includes Models Y, S, 3, and X, manufactured between October 5, 2012, and December 7 of this year. Read More
The Utah Crimson Collective and its streaming app, Utah 360°, have agreed to honor the University of Utah’s men’s and women’s basketball and gymnastics teams. In what may be the largest teamwide NIL (Name Image Likeness) agreement in collegiate sports history, student-athletes can choose between receiving a lease for a 2024 Jeep Grand Cherokee L limited edition or a 2024 Ram 1500 big horn truck, complete with the night edition package. Read More
For Dealers
5 focused strategies to bring a wayward service advisor back in line
In the automotive realm, the salespeople are superstars, capable of selling big-ticket items. In most dealerships, however, the service advisor is responsible for generating more gross profit every month than a salesperson while serving more customers. Anyone who’s spent time in the service drive with these crucial team members can understand what a grind it can be. Read More
Hiring auto technicians: exploring alternative industries to recruit from
Finding the right automotive technicians for your dealership can be challenging, especially when the pool of traditional candidates seems to have dried up. Yet, there’s a wealth of untapped potential in professionals from related fields who possess transferable skills and knowledge that align closely with the demands of automotive repair and maintenance. Read More
