WardsAuto Dealer 5
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WardsAuto Dealer 5
 

NOVEMBER 10, 2021

Hey there. Welcome to the WardsAuto Dealer 5 for Wednesday, Nov. 10. We've put together items from WardsAuto.com and across the Internet. So let's go:

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1.

Auto Loan, Lease Delinquencies Below Pre-COVID Levels

TransUnion says serious auto delinquencies, defined as 60 or more days overdue, accounted for 1.38% of outstanding loans and leases in the third quarter, down from 1.46% a year ago. In Q3 2019, it was 1.40%, the credit bureau said.

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You drive. We’ll navigate
With direct access to dedicated underwriter and Account Executive teams, customized F&I solutions and training courses, Ally provides the resources you need to help your dealership succeed.

2.

It Pays for Auto Industry to Hire People With Disabilities

A Cox Automotive survey recommended dealerships actively promote their vacancies to people who lack automotive experience. It says potential candidates need a can-do attitude, good communications skills, adaptability and must be tech-savvy.

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How the Chip Shortage is Impacting Car Buyer Behavior
The chip shortage has had major impacts on the automotive inventory, but just how disruptive to car buyer behavior? Consumer research compares shoppers’ attitudes when impacts were first realized to their buying behavior now that awareness is more widespread.

3.

All-Wheel Drive Adds Appeal to VW’s ID.4 BEV

Volkswagen’s first long-range electric car now offers all-wheel drive, which makes it faster and more capable – with almost no range penalty.

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Digital buyer protection for confident buying
With Digital Buyer Protection, you now can rest with confidence that every vehicle you buy online is represented properly, right from the start. Digital Buyer Protection covers undocumented damage and gives you the confidence to build a strong and profitable inventory. Because at Manheim, Our Mission Is Yours.

4.

Robotaxis Taking to Streets as Self-Driving Technology Accelerates

Billions of dollars and intense competition define this early market for autonomous vehicles. Listen and find out how Robotaxis are creating a new mobility paradigm.

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In this profitable year, ProfitTime® dealers are doing EVEN BETTER.
While the average dealer is making $2,800 per used vehicle sold, ProfitTime dealers are doing EVEN BETTER. vAuto data from April to August 2021 shows that dealers highly aligned with ProfitTime’s recommendations are beating the average by 10%. Visit vAuto.com/Even-Better to see how ProfitTime can help you do EVEN BETTER.

5.

’22 Mercedes-AMG SL Roadster Unveiled

The iconic roadster ditches its metal roof and returns to a 2+2 layout for the first time in two decades.

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Have Them Coming to You
You can’t afford to wait around for the right vehicles. Despite record-low inventory levels, you can still attract transaction-ready shoppers with Kelley Blue Book® Instant Cash Offer. Provide a trusted redeemable offer to customers who are ready to sell or trade in their vehicles, and acquire the inventory you need.

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That’s our WardsAuto Dealer 5 for today. We’ll be back soon with more high fives.

And to reach the editor for whatever reason (i.e. comments, complaints, questions, directions), contact Tom Murphy at tmurphy@wardsauto.com. 

OK, finally... Forward this alert to dealership colleagues. The more in-the-know people at your place, the better it is. Over and out.

Now for the legal stuff...