Auto supply chains are globally complex, and disruptions to the supply chain have resulted in significant hardships within the automotive sector. Many auto dealers and repair shops have felt the substantial effects of the vehicle parts shortage and lack of new inventory. With nearly every automaker … [Read more...]
Search Results for: automotive
Car Sharing is Evolving: How to Manage Your Dealership’s Response
Transportation preferences are evolving, with car sharing emerging as a convenient solution for many consumers looking to commute short distances. Although shared mobility has existed for decades, newer technologies allowing easier ride-hailing, car sharing, and vehicle subscription services are … [Read more...]
Why Auto Dealers are Struggling to Retain Service Advisors
Pivotal for providing great customer service, automotive service advisors are responsible for communicating with customers about their vehicle repair needs. Acting as a liaison between customers and the auto technicians who work on their vehicle, they are professionals who help to identify the … [Read more...]
What the Proposed FTC Regulations Mean for Car Dealerships
As prices for both new and used motor vehicles remain elevated, the Federal Trade Commission (FTC) has proposed new regulations to make the automotive buying process more precise and competitive. According to the FTC, "[i]n the past ten years, the FTC has brought more than 50 motor vehicle-related … [Read more...]
Will There Be an Auto Industry Decline in 2022?
As automakers continue to grapple with pandemic-related supply-chain disruptions, including the global semiconductor shortage and factory and assembly plant lockdowns, auto dealers are also facing empty dealerships and a lack of both new and used car inventories. Since May of 2021, new-vehicle days' … [Read more...]