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Newsby StaffApril 7, 2022

COVID-19 Shutters Production in China

Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.

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Newsby StaffApril 6, 2022

Talent Matters: Amplify Your Recruiting Efforts at Agent Summit

This session will be a discussion about the current job market as well as the habits employers must implement to recruit and retain successfully.

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Newsby StaffApril 6, 2022

Black Book’s Used Vehicle Retention Index Drops for the First Time Since July of 2021

The seasonally adjusted Retention Index went down to 187.7 points in March 2022 as modified Spring arrives late.

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Newsby StaffApril 6, 2022

NADA Market Beat: Supply Chain Disruptions Suppress New Light-Vehicle Sales

The month’s SAAR totaled 13.3 million units, down from 14 million in February and off 24.4% from March 2021’s SAAR of 17.6 million units.

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Newsby StaffApril 6, 2022

Microchip Shortage Takes Big Toll on North America, Europe

Auto manufacturing facilities in North America and Europe continue to lose production time over the lingering global microchip shortage, now well into its second year.

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Newsby StaffApril 6, 2022

Shortage of Inventory, Not Buyers Challenges U.S. Auto Industry

The U.S. auto industry has no shortage of buyers currently, but it lacks the inventory to satisfy them.

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Newsby StaffApril 5, 2022

Auto Dealership Buy/Sell Transactions Soar in 2021 with Record Dealership Valuations, Revenue, and Profits, Accelerating Industry Consolidation

Unprecedented 383 transactions completed in 2021, representing 830 franchises, nearly three times the pre-pandemic average, according to The Blue Sky Report by Kerrigan Advisors.

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Newsby StaffApril 5, 2022

Bartle + Marcus to Aid Agents in Combatting Poachers

“Protecting Your Agency from Poachers” will explore the tools and strategies available to prevent your former employees and subagents from making your business their business.

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Newsby StaffApril 4, 2022

Global Automakers Earmark Nearly US$600bn for EVs Over Next Decade

Broadly, the investments announced focus on the development of production facilities, technology, EV batteries, new product and securing future raw material supply, and autonomous vehicle development.

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Newsby StaffApril 4, 2022

Auto Retail Buy-Sell Activity Explodes

The report explains how dealership profits have tripled along with demand from dealership groups that want to acquire more stores.

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