MAY 15, 2023

Welcome to the Monday, May 15, 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.

Drop in BEV Interest Should Fire Up Dealers

Dealers who educate customers on BEV savings can spark sales.

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!

Ford Dealers Can Expect Pricing Relief

Ford and General Motors plan more incentives as they try to reduce inventory.

Full article

Auto Leasing Drops as Rates Rise

“I remember $99 a month leases,” says J.D. Power’s Patrick Roosenberg, formerly of Chrysler Financial. “Those days are over.”

Full article

It Hasn’t Been This Hard to Get a Car Loan in 2+ Years

Access to automotive credit was tighter in April than at any point since February of 2021.

Full article

Kelley Blue Book

Used-Vehicle Inventory, Prices Rise in April on Softening Sales

Used-vehicle inventory closed higher at the end of April than in March but below April 2022.

Full article

Cox Automotive

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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