Rising Stock Levels Offer Buyers More Options Amid Market Changes Sales Drop 1.8% from 2023 on Adjusted Basis New Car Inventory Growth. According to a joint forecast from https://www.jdpower.com/ and GlobalData, total new-vehicle sales for September 2024, including retail and non-retail transactions, are projected to reach 1,164,900. This marks a 1.8% decrease compared to […]
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Odometer Fraud Allegations Spark Legal Action Against Car Dealer Allegations of Illegal Odometer Rollbacks State Attorney General Lawsuit. Indiana Attorney General Todd Rokita has filed a lawsuit against an Indianapolis-based dealership, accusing it of fraudulently rolling back odometers on numerous vehicles. Consumers believed they were purchasing low-mileage cars, only to discover the vehicles had
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Strengthen connections and build closer relationships with remote team members through effective communication and proven strategies. Remote Colleagues Relationship Tips. “Mary looked at the small boxes on her screen, each containing a face of her remote colleagues during their weekly video call. Despite months of working together, she still felt a disconnect”. Building relationships
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Maximizing Remote Team Performance: The Importance of KPIs and Scorecards for Dealerships KPIs for Remote Dealership Staff. In the environment of dealerships, particularly those with remote staff, roles and expectations can often become ambiguous. To combat this, establishing Key Performance Indicators (KPIs) is essential for clarity, accountability, and alignment with company goals. This is
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How to Stay Ahead in a World of Automation and AI As automation rapidly reshapes industries, many professionals wonder how secure their roles are. For remote staff, the key to thriving in this evolving landscape lies in developing essential skills that complement automation and enhance productivity. This article explores the top skills needed to
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Analyzing the Surge in Financial Losses Due to Fraud and Its Implications Experian’s 2024 U.S. Identity and Fraud Report highlights the increasing threats of generative AI, deepfakes, and cybercrime. These emerging threats are intensifying pressures on businesses, including dealerships. The report provides valuable insights into these evolving fraud trends and shifting consumer expectations. Impact
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Industry Leaders Project Positive Growth Trends Amidst Evolving Market Conditions Auto Refinancing Future Expansion. As the Federal Reserve considers potential interest rate reductions this month, auto refinancing firms anticipate substantial growth. These forecasts could have notable impacts on dealerships and their operations. Implications for Dealerships Enhanced Consumer Savings With competitive refinancing options becoming more
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Examining the Factors Behind the Decrease in Pre-Owned Vehicle Stock Last Month CarGurus’ August 2024 U.S. Intelligence Report Highlights Inventory Shifts CarGurus has released its August 2024 U.S. Intelligence Report, revealing a continued drop in used vehicle inventory. The report indicates that used inventory levels fell by 2% year-over-year (YoY) in August, and are
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Strategies to Enhance Team Performance and Engagement Mastering Remote Leadership Skills. Remote leadership is about guiding your team effectively from a distance. It requires making use of communication, trust, and technology. Here are five key strategies to enhance your remote leadership skills: Set Clear Expectations Define Roles: Clearly outline each team member’s responsibilities. Communicate
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Understanding the Impact of Remote Work on Employment Trends in California Remote Work’s Impact on California. The COVID-19 pandemic triggered the most significant and widespread shift in work practices ever witnessed. Before 2020, workers spent about 5% of their workdays at home. However, with the onset of the pandemic, this figure surged to 60%.
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