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lending

What is the State of Lending During COVID-19 and How...

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There has been a lot of talk and analysis over the last few months about how the car industry has had to adapt to changes in showroom traffic, lower sales, evaporating inventory, and even struggles in the service lane with fewer repairs. The impact of COVID-19 on dealership operations and the bottom line has been […]
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COVID-19

What the 2008 Recession Can Tell Us About The Impact...

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Can we learn a bit about the future of the automotive industry from lessons of the past? The recession of 2008 could tell us a lot about what to expect as the automotive industry looks to rebuild. Currently, automotive sales across luxury and non-luxury segments are up (compared to May 2020). Nevertheless, what could the […]
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Recession

3 Ways to Make Sure Your F&I Staff Are Ready...

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Anyone who was alive in the years 2007-2009 remembers very well the crash of the stock market, the stories of Bear Stearns and AIG employees being walked out of their building with no jobs, and businesses across America shutting their doors. The Great Recession had implications not only here but all over the world. As […]
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GM

How GM’s Layoffs will Affect the Auto Industry in 2019

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GM announced last week that it would close five factories and lay off nearly 15,000 workers in a move that may be indicative of an economy preparing to slow down. This move by GM comes amid sluggish sales and a changing market. Many factors are likely involved in this decision, including shifts in consumer tastes […]
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Get Ready or Sink

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A Recession is Coming By: Jeff Cowan I don’t like talking gloom and doom. However, as a person running a business, I research business indicators to help predict the future economy. Like a captain sailing turbulent waters, I prepare for the future appropriately. Currently, the signs show stormy seas ahead. In order to successfully navigate, […]
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