Monday, August 8, 2022
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Dealer profits remain high, record low incentives are the story in...

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With just one week left in March 2022, the auto retail industry can expect significantly fewer sales but an inverse trend in profits if the forecast by J.D. Power and LMC Automotive is correct once again. The joint forecast estimates 75% of the sales volume this month compared to a year previous, despite having an […]
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Americans are changing how they want to work — what does...

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After nearly two years of pandemic restrictions of some kind, employers are eager to have their teams back in their offices. According to research by Robert Half Talent Solutions, two in three senior managers in the U.S. want their staff back in the office full-time. Only one-third is open to flexible schedules, either as remote […]
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Auto dealers have room for improvement when it comes to the...

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Last week, the J.D. Power 2022 US Original Equipment Tire Customer Satisfaction Study was released, highlighting the experience of car owners with tires that their vehicle was equipped with from the factory. The study also analyzes trends in tire replacement and the effect tires have on loyalty. This year, the tire study identified that while […]
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Toyota suspends Japan production after earthquake off the coast of Fukushima

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An earthquake hit Japan off the coast of the Fukushima prefecture measuring 7.4 on the Richter scale, triggering a tsunami warning and causing damage to infrastructure. Carmakers in the nation were temporarily closed to assess the damage but most have restarted operations. Toyota, however, has announced additional closures that affect vehicle production. In total, 18 […]
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Fed approved first interest rate hike in three years, signals more...

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On Wednesday, the Federal Reserve announced that the target interest rate for federal funds is being increased by a quarter of a percentage point. The change comes as no surprise to most and is meant to address soaring inflation in the United States. It brings the base interest rate into the 0.25% to 0.50% range […]
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Compelling moments from the 2022 NADA Show

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The 2022 NADA Show in Las Vegas wrapped up on Sunday, March 13, marking the end of the first in-person show after the 2021 event moved online in the pandemic. And while the keynote speakers, presenters, and vendors have packed up, there are plenty of things to acknowledge and celebrate from the bustle of the […]
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Workplace diversity viewed as important but still reveals divide, according to...

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According to a new poll, the American workforce is embracing diversity more than ever before. The Taft Communications and Rutgers-Eagleton Poll State of Diversity public opinion survey found that more people believe that inclusion and diversity have a place in the job force, but also identifies there are significant rifts that remain.  The survey noted […]
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Unifor

Unifor president Jerry Dias retires due to health issues, effective immediately

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On Sunday, the national president of Unifor announced he is retiring from his role, effective immediately. Citing issues of health, the announcement comes just five months before his intended retirement in August.  In a statement emailed to all Unifor union members, Dias said, “After eight and a half years I can proudly say we have […]
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KBB

KBB Brand Image Awards show consumers’ opinions on best brands

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The results of the latest Kelley Blue Book Brand Watch Study have been compiled, and the results are posted in the 2022 Brand Image Awards. These awards are intended to highlight not just the carmakers who have sold the most vehicles, but to showcase brands that “excite and attract new shoppers”. The results are compiled […]
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Consumer sentiment of chip shortage pushes over 1 in 5 to...

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The ongoing chip shortage forced Ford to shut down production for their profit-driving pickups and SUVs last week, idling assembly lines in Kentucky and Ohio temporarily. While some sources predicted that the semiconductor chip constraints would be resolved by early 2022, it doesn’t appear that the auto industry is seeing major movement yet. It has […]
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