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News•September 3, 2020

NADA Market Beat: New Light-Vehicle Sales Continue to Recover

August’s SAAR of 15.2 million units marked a 4.8% increase from July’s SAAR of 14.5 million units but is down 11% compared with August 2019.

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News•by Staff•September 3, 2020

Despite the Initial Impact of COVID-19, the Automotive Industry Shows Positive Signs In Q2 2020 

The average loan amount for a new vehicle jumps $4,000; however, the average monthly payment remains steady.

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News•by Staff•September 2, 2020

Black Book Used Vehicle Retention Index Increases 3.0 Points in August

The August index hit a new all-time high, now the highest it’s been since May 2014.

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News•by Staff•September 2, 2020

Autotrader & Kelley Blue Book Launch “Drive the Vote” Campaign to Encourage Voter Registration

Cox Automotive, Autotrader and Kelley Blue Book’s parent company, believes a thriving democracy should reflect the mosaic of its people, which is why the company is taking action to Drive the Vote this year.

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News•by Staff•September 1, 2020

COVID-19 Market Updates

Black Book published new insights to their weekly COVID-19 Market Updates, including wholesale prices, retail listing prices, overall wholesale sold volume, used retail listing volume, and BEV sales outlook.

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News•by Staff•August 31, 2020

Treasury Issues Guidance on Payroll Tax Holiday

The Department of the Treasury issued guidance on the Aug. 8, 2020 Presidential Executive Order that defers an employer’s obligation to withhold, deposit, and pay the employee’s portion of the payroll tax on wages earned between Sept. 1, 2020 and Dec. 31, 2020.

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Articles•August 28, 2020

The DOWC vs. The CFC

Do not step over dollars to pick up pennies … picking a formation that is not a good fit will cause exit strategy issues and could cost you ownership of the next formation. Take the time to educate yourself on the different reinsurance formations to ensure success now and in the future.

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News•by Staff•August 27, 2020

Consumers Shopping for Auto Insurance at a Higher Rate Despite COVID-19 Challenges

Newly released TransUnion Insurance Shopping Annual Report uncovers impacts of COVID-19 on personal auto insurance.

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Articles•August 26, 2020

Automotive Retail 2.0 is Here: Are Dealerships Ready for it?

The business environment has changed and this requires a mindset shift for dealers from episodic and transaction-based, to ongoing and service-oriented.

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Articles•August 26, 2020

Change Is Required

The automotive industry is going through rapid change, facing additional costs associated with personnel, benefits, and retention, and depending on a steady stream of additional customers to replace those customers that have defected. So how do you change how you conduct business to meet the current challenge?

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