JULY 30, 2021

How Car Dealers Can Handle an OSHA Visit

“If you don’t have a written (safety) program, (OSHA) will smell blood,” Summit Automotive Partners’ Brian Boase tells the Association of Dealership Compliance Officers.

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These unprecedented challenges are creating uncertainty, which impacts key decisions that drive business continuity. While you cannot do much about the chip shortage that has stalled new car inventory or dictate OEM infrastructure upgrades, there is plenty that you can do to ensure you are the primary driver of your dealership. Click Here

Retailer Lithia Motors Sees New-Vehicle Shortage Ending

“Generally speaking, we expect inventories to continue to normalize throughout the back half of 2021 and in the first part of 2022,” Chris Holzshu, Lithia chief operating officer, says in an earnings conference call.

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Asbury Automotive Group Taps Brakes on Growth

For the second quarter, Asbury’s reported net income of $152.1 million, more than triple the year-ago quarter. That’s on a 70% increase in total revenue, to about $2.6 billion, vs. a year-ago quarter hit hard by the pandemic.

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July U.S. Light-Vehicle Sales to Continue Free-Fall from Springtime Peak

For Wards Intelligence Subscribers
Sales could reverse course next month, but making it a challenge is inventory is expected to decline 8.0% in July from June, as well as the high level of uncertainty how fast production can rebound in Q3 due to lingering risks with the flow of microchips.

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