Today on CBTNews.com – Monday, June 13th, 2020:
CADA President Tim Jackson Talks About His Open Letter to the Public, the Recent Spike in Auto Sales, and Making the Industry More Inclusive
On today’s show, we’re pleased to welcome back President of the Colorado Automobile Dealers Association, Tim Jackson. Tim and Jim talk about his recent article detailing how essential cars are during a pandemic, how the industry was able to find success in May, inclusion in the dealership, and more.
Industry Surprised at Pace of Pandemic Recovery in Automotive
For eight weeks, production at North American auto factories was silent, except for personal protective equipment to aid in COVID-19 treatment and prevention. In that very short time, sales plummeted across the nation to roughly half of last year’s numbers over the same period. Although their accounts were flush, carmakers quickly turned to available credit lines to support their operations to the tune of $72 billion. Read More
4 Tips to Protect Your Dealership from Synthetic Identity Fraud
As if dealerships did not already have enough to worry about as the COVID-19 crisis continues to impact the market…now there is the increased concern over online F&I fraud. Since so many transactions are online now due to customers staying home and taking delivery at their houses, the risk of fraud, particularly buyers using false identities, has popped back into the F&I radar. Read More
Did you enjoy this interview? Please share your thoughts, comments, or questions regarding this topic with host Jim Fitzpatrick at firstname.lastname@example.org.
Car Biz Today, the official resource of the retail automotive industry.