Thursday, October 28, 2021
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Schueller

How car dealers can best showcase their value on Twitter

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Virtually everyone in the automotive industry has been talking about the chip and inventory shortage and its impact. But not much talk has surrounded...
plants

GM’s chip supply improves, some overtime shifts reinstated at truck...

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On Monday, General Motors announced they will be reinstating overtime shifts at six manufacturing plants beginning in November, a move that indicates the effects of the chip shortage might be lessening slightly. The overtime available will be at plants that produce the most profitable vehicles in GM’s stable including pickups, midsize SUVs, and the Cadillac […]
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chip shortage

Cost of chip shortage expected to double, but Musk sees...

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In May 2021, AlixPartners predicted that the chip shortage plaguing the auto industry since the middle of the pandemic would end up costing the auto industry $110 billion US in lost revenue through the year, a figure that inflated from an initial $60.6 billion predicted in January. The global consulting firm has updated their estimated […]
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Chesbrough

Cox Automotive’s Charlie Chesbrough reveals forecast for Q4 and how...

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The shortage of new vehicle inventory has led to a decline in sales and an uptick in stress for many of you. Cox Automotive is reporting that August was the fourth consecutive month of slowing sales for new vehicles. On today’s show, we’re pleased to welcome Charlie Chesbrough, Senior Economist and Senior Director of Industry […]
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Haron

How this Calif. dealer principal is acclimating to current auto...

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Many car dealers we’ve spoken to recently, say they are experiencing record sales and profits in today’s market. On today’s show, we check in on the West Coast with Hilary Haron, owner of Haron Motor Sales in Fresno, California. Haron begins the conversation by discussing her new role as the National Automobile Dealers Association Board […]
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CarBox

How this independent car dealer is capitalizing on the strong...

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Over the last year, COVID-19 has impacted the way we sell cars and operate our businesses. The independent auto industry is changing as well. On today’s show, we’re pleased to welcome Scott Dooley, owner of the independent dealership CarBox, in Kenosha, Wisconsin, to give us his perspective on the industry’s changes and how they have […]
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dealership

Dealership M&A transactions continue. Why is buy-sell activity so high?

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The partnership that controls the Prime Automotive Group is liquidating the entire remaining portfolio in a transaction they hope will close by the end of the year. Last year, GPB Automotive Portfolio sold 14 of Prime Automotive’s stores to reduce the count to 31. The dealership group contains luxury, domestic, and import brands and is […]
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car

Used and new car shortage: An auto transporter’s perspective

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Today’s automotive landscape looks a lot different than it did 18 months ago. During the early days of the pandemic, dealer new and used car inventory sat stagnant as nationwide lockdowns were enacted, keeping consumers at home and shutting down showrooms. The Manheim Used Vehicle Index estimates used retail days’ supply peaked at 114 days […]
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Kerrigan

M&A expert Erin Kerrigan breaks down industry outlook for the...

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The 2021 market has been hot, but how long will it stay that way? On today’s show, we’re pleased to welcome Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. Kerrigan begins the conversation by discussing the buy/sell market. Just when you think it can’t get any better, it continues to surprise us all, says […]
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Glaser

NCADA Pres. Robert Glaser discusses Carvana’s 180-day dealer license suspension

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The North Carolina DMV has banned Carvana from selling vehicles in Wake County, where their Raleigh dealership is located. for 180 days. So what...