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How automotive manufacturers can create resilient supply chains in uncertain times

2022 is off to an unexpected start. While it may have seemed that disruptions in supply chains are lessening as COVID-19 restrictions are relaxed,...
sales

US new vehicle sales in November are down once again

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Auto sales are yet again being hindered by the ongoing supply chain issues, with a handful of automakers reporting notable drops in sales for the month of November. While a lack of sales sometimes comes when there is a drop in demand, consumers are still eager to buy new vehicles. However, they cannot find the […]
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dealers

How car dealers can focus on customer retention amid inventory challenges

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Earlier this month, the National Automotive Dealers Association (NADA) released its analysis of two studies recently conducted, including one that involved interviews with consumers and another that involved interviews with dealers. The studies give us some insight into the mindsets of both groups and how dealers can use the data to maintain and grow their […]
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JD Power and LMC Auto release automotive forecast for August 

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Last Thursday, JD Power and LMC Automotive released their projections for August 2021. Their joint assessment showed that sales are likely to see a significant drop from August 2020 and even more so from August 2019. Specifically, when adjusting statistics to even outselling days, new vehicle sales are projected to drop 14.3% from August 2020 […]
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accounts payable

How the automotive industry can improve agility, scalability, and efficiency by...

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The automotive sector has been hard-hit by the COVID-19 pandemic. Not only were OEM supply chains adversely impacted by the virus and the loss of critical resources, but Tier 1, Tier 2, and Tier 3 suppliers have been hurt, too. As the supply chains recover and production gets back to normal, automotive manufacturers can again […]
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supply chains

Dealer Supply Chains Affected During Coronavirus Pandemic

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As the coronavirus pandemic deepens, the retail automotive industry is facing disruptions that haven’t been seen previously. News comes daily of closures, limited hours, and supply problems that affect every aspect of dealership operations.  At this point, it’s clear that no one will escape unscathed from the detriments on business and the economy. These are […]
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border

Implications of the New Restrictions at the U.S.-Canada Border

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As the Coronavirus pandemic, or COVID-19, spreads globally, more and more measures are being put into place to protect people from the condition. This includes the recent announcement that the 5,500-mile United States-Canada border will be closed to “nonessential travel” to hopefully stop the cross-border spread of COVID-19 and protect citizens of both countries. Canadian […]
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