NADA

Marchionne, a brilliant mind was lost this past week. He has been credited with engineering one of the biggest audibles in the automative realm to save both Fiat and Chrysler. His charisma and drive certainly were displayed often throughout his career. Sergio started out as a young Italian immigrant to then sky-rocket to success seemingly out of no where. 

Ride-Sharing: Is It Really the Future of Transportation?

Don’t believe everything you see on the news folks! There is an overwhelmingly common misconception that consumers (Millennials especially) are ditching their own ride and hopping into someone else’s! This simply is not true! As Millennials age into the next phase of their life they progress into the same structure people before them always have… owning their own home AND owning a vehicle (which is most likely a crossover or SUV). 

According to the NADA, "2016 has been an excellent year for the auto industry as we end with about 17.5 million new-car sales." NADA Chairman, Jeff Carlson said,  "It seems timing is on our side. In the regulatory and legislative arenas, NADA continued to hold its defensive line with the Consumer Financial Protection Bureau's intrusion into our business. We worked hard to gain traction for the critical Senate Bill 2663, which aims to curb the CFPB's regulatory overreach.

According to the NADA, "2016 has been an excellent year for the auto industry as we end with about 17.5 million new-car sales." NADA Chairman, Jeff Carlson said,  "It seems timing is on our side. In the regulatory and legislative arenas, NADA continued to hold its defensive line with the Consumer Financial Protection Bureau's intrusion into our business. We worked hard to gain traction for the critical Senate Bill 2663, which aims to curb the CFPB's regulatory overreach.

The World for Car Dealers has changed dramatically since 2008 when it seemed recovery may never come.  Since that time sales have recovered and outside investors are more and more interested in buying up dealership groups.  This has led to lots of consolidation in the marketplace and great opportunities for Dealers who now have to ask themselves...Should I stay in?...Should I get out?...Should I expand....Should I sell to someone who wants to expand themselves?