GW Blog

Dealers Experience Losses Amid Riots

2020 has taken us by storm, and things continue to pick up speed for the automotive industry. Some dealers experienced inventory being stolen during the midst of the Coronavirus chaos and shutdowns. Things have segued into a more unfortunate situation, following the death of George Floyd a few weeks ago. If things were not already crazy enough, more fuel has been added to the fire of unrest in our country.

FCA-PSA Merger Still Set to Move Forward

Since the initial announcement back in October of last year, the Fiat Chrysler-Peugeot 50/50 merger has been ironed out and prepped for completion. The original goal in mind was to combine two steady forces along with their staff and revenue to make what will be the fourth largest automaker.

Longterm Effects of Covid-19 on Auto Industry

assembly lines during covid-19

Science says it takes 66 days to form a new habit. Most people started self-quarantine in the beginning of March, so things will probably never go back to how they were before Covid-19. We’ve all changed a little - businesses and individuals.

 

USED VEHICLES are the Future of Dealer Profits

used car dealership

We’ve seen the future, and it’s used vehicles. Right now dealers and consumers are struggling through this pandemic. A majority of dealers are operating with just a skeleton crew in fixed ops, and most sales departments are closed. This won’t last forever. So what’s next?

You have to keep your eyes on the prize.

Coronavirus Could have Major Impact on Auto Industry

The Coronavirus has traveled long and far to make it to the U.S. and wreak havoc on many things. Aside from the abrupt increase in hospital stays and unfortunate deaths, this virus also has obviously affected the economy and the automotive industry.

The problems started in China where many manufacturing plants have been shut down since early this year with no production in motion. The risks were too high to have sick workers come in, masked or not, so things came to a fast halt.

How Dealers can Compete with Online Retailers

Compete with Carvana

 

For decades, the car buying process has been fairly consistent. Ultimately, customers have to make the trip to the dealership to look at the inventory, get actual pricing, and talk numbers with a salesperson. Then they have to sit down to sign a mound of paperwork. The process can take several hours or last as long as days or weeks depending on the circumstances.

 

Is the USMCA a Win for the Auto Industry?

With the signing of the United States-Mexico-Canada Agreement, the auto industry is expecting to see some changes over the next few years. But will this shift be good for automakers and dealers?

Dana Inc. CEO, Jim Kamsickas thinks it’s a good move stating, "We believe this law will further reduce the chance for disruptions and allow North American vehicle production to remain competitive globally."

Why EVs Aren't Popular

EV unpopular with consumers

 

Electric vehicles are making their way into our everyday lives, and you can find more of them zipping around on the highway than ever before. There’s definitely a lot to consider as we find ourselves in this sandwich between gas and electric technology.

 

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