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Conditions still a long way from prepandemic, and greater economic forces could dampen demand. https://www.fi-magazine.com/370453/new-vehicle-sales-get-q1-bump?utm_source=dlvr.it&utm_medium=blogger

Brand says autonomous device improves upon existing technology to make charging easier, more convenient. https://www.fi-magazine.com/370407/hyundai-to-unveil-robotic-ev-charger?utm_source=dlvr.it&utm_medium=blogger

Damon Walker brings sales leadership, revenue-building experience in the automotive industry. https://www.fi-magazine.com/370410/autopayplus-adds-agency-development-manager?utm_source=dlvr.it&utm_medium=blogger

But loss is step toward profitability soon, it predicts. https://www.fi-magazine.com/370393/ford-takes-bottom-line-hit-on-evs?utm_source=dlvr.it&utm_medium=blogger

Data shows others prefer trucks, sports-utility vehicles. https://www.fi-magazine.com/370395/gen-z-only-cohort-that-leans-toward-cars?utm_source=dlvr.it&utm_medium=blogger

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An ad promoting Hyundai’s “Getaway Sales Event” took first place for most-seen auto ads ranking for March 6 through 12. https://www.fi-magazine.com/370390/hyundai-ad-named-top-tv-ad?utm_source=dlvr.it&utm_medium=blogger

Inflation-fighting series cuts further into consumers’ ability to afford purchases such as cars. https://www.fi-magazine.com/370376/fed-continues-interest-rate-increases?utm_source=dlvr.it&utm_medium=blogger

Multiple factors drive down purchase costs, which is still well above what most households can afford. https://www.fi-magazine.com/370346/new-car-affordability-better-but-still-worse-year-over-year?utm_source=dlvr.it&utm_medium=blogger

NADA lauds measure, saying it preserves competition for consumers’ good while helping to preserve dealers’ livelihoods. https://www.fi-magazine.com/370348/miss-law-requires-ev-makers-to-franchise-for-in-person-sales?utm_source=dlvr.it&utm_medium=blogger

Milestone drives high demand for acquisitions, record-high prices for some franchises. https://www.fi-magazine.com/370350/dealership-profits-reached-peak-in-2022?utm_source=dlvr.it&utm_medium=blogger

CDK score reflects progress as inventories rise, but still room for improvement. https://www.fi-magazine.com/369567/ease-of-purchase-survey-shows-november-upticks?utm_source=dlvr.it&utm_medium=blogger

Dealerships trade hands in four states. https://www.fi-magazine.com/369573/dealerships-trade-hands-in-four-states-1?utm_source=dlvr.it&utm_medium=blogger

The automaker predicts over 50% of its sales will be electric vehicles before 2030. https://www.fi-magazine.com/370325/bmw-to-hit-ev-targets-early?utm_source=dlvr.it&utm_medium=blogger

Most reporting carmakers have supply days in the double digits. https://www.fi-magazine.com/369575/inventory-rises-again-in-november?utm_source=dlvr.it&utm_medium=blogger

Used-retail active listing volume index index sits at 0.99 points. https://www.fi-magazine.com/370308/black-book-weekly-market-report-6?utm_source=dlvr.it&utm_medium=blogger

The automaker plans to adjust its electric vehicle strategy and provide it to key suppliers early next year, report people close to the project. https://www.fi-magazine.com/369577/toyota-to-adjust-ev-strategy?utm_source=dlvr.it&utm_medium=blogger

J.D. Power study says BEV recalls are major factor in first decline in decades. https://www.fi-magazine.com/370298/evs-on-the-hook-for-fallen-service-satisfaction?utm_source=dlvr.it&utm_medium=blogger

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities. https://www.fi-magazine.com/369578/u-s-energy-department-finalizes-loan-for-gm-battery-venture?utm_source=dlvr.it&utm_medium=blogger

RepairSmith acquisition boosts its offerings and opens up new customer opportunities. https://www.fi-magazine.com/369585/autonation-picks-up-mobile-repair-service?utm_source=dlvr.it&utm_medium=blogger

First-quarter Cox index remains down, but the second-quarter outlook is better. https://www.fi-magazine.com/370276/dealers-not-keen-on-todays-auto-market?utm_source=dlvr.it&utm_medium=blogger

In this video, Joe Porter with the Automotive Training Academy by Assurant helps you overcome the “In a hurry” roadblock that you often see at your dealership. https://www.fi-magazine.com/370278/get-past-the-roadblocks-in-a-hurry?utm_source=dlvr.it&utm_medium=blogger

Brand plans completely electrified lineup by 2035, including work with alliance partner Renault. https://www.fi-magazine.com/370285/mitsubishi-gets-more-aggressive-on-electrification?utm_source=dlvr.it&utm_medium=blogger

Production increased on popular models as it looks to boost its electrified market share. https://www.fi-magazine.com/370287/ford-ups-ev-investment?utm_source=dlvr.it&utm_medium=blogger

Magazine cites in part the model’s appeal to existing truck owners. https://www.fi-magazine.com/369588/f-150-lightning-motortrends-truck-of-year?utm_source=dlvr.it&utm_medium=blogger

Employee-owned auto group expands into Milwaukee market. https://www.fi-magazine.com/370283/wisconsin-dealership-traded?utm_source=dlvr.it&utm_medium=blogger

Sales rates continue to be less than ideal, with many buyers exercising caution for fear of loading up on inventory that does not turn quickly, especially when values are experiencing heavy declines week after week. https://www.fi-magazine.com/369592/black-book-weekly-market-report-8?utm_source=dlvr.it&utm_medium=blogger

Partners with Legacy Auto Credit in Ontario for app-based subscription-to-ownership program. https://www.fi-magazine.com/369595/driveitaway-holdings-partnership-launches-subscriptions-in-canada?utm_source=dlvr.it&utm_medium=blogger

The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually. https://www.fi-magazine.com/369597/redwood-materials-to-build-s-c-battery-manufacturing-and-recycling-facility?utm_source=dlvr.it&utm_medium=blogger

The first week of March started off as expected with sales rates continuing to increase across the country. https://www.fi-magazine.com/370251/black-book-weekly-market-report-11?utm_source=dlvr.it&utm_medium=blogger

New Experian report shows average loan amount increases tapering off, while average terms decreased. https://www.fi-magazine.com/370253/one-in-four-vehicles-financed-by-credit-unions-in-q4-2022?utm_source=dlvr.it&utm_medium=blogger

Have you ever walked into a dealership and felt an unexplainable energy? Perhaps it was a feeling of excitement, anticipation, or even nervousness. On the other hand, maybe you felt a sense of unease or negativity. Whatever the feeling may be, the energy inside a dealership is palpable and has a direct correlation with the culture of the store. The culture of a dealership is defined by the shared values, beliefs, and behaviors of the employees. It is the foundation on which the dealership is built and determines how it operates. The energy within the dealership reflects the culture and can either attract or repel customers. Positive energy is infectious and creates a welcoming environment for customers. It fosters a culture of enthusiasm, collaboration, and positivity. Employees who exude positive energy are more likely to engage with customers and make them feel valued. In turn, customers are more likely to return to the dealership, leave positive reviews, and refer friends and ...

Boost overall US auto deliveries as inventories improve. https://www.fi-magazine.com/370233/fleet-sales-continue-upward-momentum?utm_source=dlvr.it&utm_medium=blogger

Adjustments part of industry price war it started as it looks to increase demand. https://www.fi-magazine.com/370235/tesla-cuts-more-models-prices?utm_source=dlvr.it&utm_medium=blogger

Derek Hansen brings a strategic focus to help dealers achieve greater profitability in an evolving market. https://www.fi-magazine.com/370225/cox-names-vp-to-spearhead-wholesale-to-retail-inventory?utm_source=dlvr.it&utm_medium=blogger

Sees 22% surge, thanks to F-Series trucks, EV and SUV increases. https://www.fi-magazine.com/370227/ford-leads-brands-on-february-sales-jump?utm_source=dlvr.it&utm_medium=blogger

Hudson Automotive buys nine from Asbury. https://www.fi-magazine.com/369598/n-c-stores-bought-from-one-of-top-u-s-groups?utm_source=dlvr.it&utm_medium=blogger

The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices. https://www.fi-magazine.com/369601/used-vehicle-prices-drop-as-other-costs-remain-high?utm_source=dlvr.it&utm_medium=blogger

Report shows number of effected units was at a nine-year low. https://www.fi-magazine.com/370229/auto-recalls-dropped-last-year?utm_source=dlvr.it&utm_medium=blogger

Check out this free eBook “Your Ultimate Guide to F&I Prohibited Practices” and be ready for whatever new rule the FTC has coming your way. https://www.fi-magazine.com/compliance/370211/the-fi-forbidden-20-your-ultimate-guide-to-fi-prohibited-practices?utm_source=dlvr.it&utm_medium=blogger

Details of CX-90 to be fully revealed in January. https://www.fi-magazine.com/369603/new-mazda-suv-part-of-industry-electrification-trend?utm_source=dlvr.it&utm_medium=blogger

The interest rate factor actually buoys them, Cox says. https://www.fi-magazine.com/369612/cpo-sales-up-year-over-year?utm_source=dlvr.it&utm_medium=blogger

Economic pressures expected to make 2023 even more challenging. https://www.fi-magazine.com/369614/vw-cfo-foresees-tighter-new-year?utm_source=dlvr.it&utm_medium=blogger

More cars are available, but record prices and rising interest rates will challenge customers. https://www.fi-magazine.com/370201/nada-auto-shoppers-woes-to-continue-in-2023?utm_source=dlvr.it&utm_medium=blogger

* Focus: Setting goals at the beginning of the month provides focus and direction for the F&I department. It helps team members prioritize their efforts and ensure that everyone is working towards a common objective. * Motivation: Goals provide inspiration and a sense of purpose. When team members have a clear target to work towards, they are more likely to stay motivated and engaged in their work. * Accountability: Setting goals helps establish accountability for results. When team members are clear on what is expected of them, it becomes easier to hold them accountable for achieving their targets. * Measuring progress: Goals provide a way to measure progress and track performance. By setting clear targets, it becomes easier to identify areas where the department is excelling and areas where improvement is needed. So, what kind of training is essential for F&I team members to focus on consistently? Here are a few areas: * Product knowledge: It's essential tha...

NASCAR Driver Toni Breidinger teams up with Kelley Blue Book to test top award winner. https://www.fi-magazine.com/369616/kbb-announces-winners-of-2023-best-buy-awards?utm_source=dlvr.it&utm_medium=blogger