MAY 31, 2023

Welcome to the Wednesday, May 31, 2023, edition of WardsAuto Dealer 5. As always, there's plenty of news about the auto sector. We've gathered some of the most notable stories from WardsAuto and beyond to ensure you are in the know.

Dealerships on Track to Invest $55 billion in EV Infrastructures

New franchise dealerships are leading investments in electric vehicle (EV) infrastructure.

Full article

ProfitTime® GPS: Make EVERY APPRAISAL with a North Star
As the search for inventory moves to less-traditional sourcing channels and vehicle values are more volatile than ever, many dealers are struggling with appraisals that are wildly inconsistent. But, dealers appraising with the “North Star” approach inside ProfitTime GPS have found a better way. Learn more about it!

Apps High on EV Owners’ List

FordPass is among top brands' mobile apps for vehicle owners.

Full article

Dealers still sell Hyundais and Kias vulnerable to theft, but insurance is hard to get

Dealers don't let insurance skittishness slow down Hyundai, Kia sales.

Full article

NPR

Analyst: IRA China Rules Could Handcuff BEV Sales in U.S.

The Inflation Reduction Act disqualifies battery-electric vehicles from tax credits if they contain battery minerals and components from China, and that is discouraging Chinese battery makers from investing in the U.S., SAP’s Nishit Madlani points out.

Full article

Dealership Service Business Dips But Up Year-Over-Year

Revenue from service business was up 5.3% over a year earlier after hitting a record high in March.

Full article

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

As always, please feel free to pass this along to your colleagues and others who are interested in automotive insights.

If you have questions, concerns or story ideas, please contact editor Nancy Dunham at NDunham@WardsAuto.com

Thanks for reading. We'll be back soon with more of the latest news.

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