FROM AUTOMOTIVE NEWS: U.S. Dealership Sales Set a New Record in 2021
Franchised dealerships have seen a $153 billion sales increase since 2019 due to inflated transaction prices. While many analysts expect prices to peak eventually, few believe they’ll ever return to pre-pandemic levels.
FROM REUTERS: Europe’s Carmakers Scramble to Replace Ukrainian Auto Parts
Volkswagen and BMW are among the many automakers seeking alternative parts suppliers and manufacturing locations in an attempt to avoid further production delays.
FROM CAR AND DRIVER: If Gas Prices Remain Crazy, People May Start Looking Harder at Fuel-Efficient Cars
For over twenty years, elevated gas prices have had a direct impact on increased hybrid vehicle sales. Analysts are expecting a similar reaction as gas prices break records and EVs continue to make their way into the mainstream.
FROM WARDS AUTO: Dealers Out to Prove They’re EV-Friendly
Both OEMs and dealers agree that dealership buy-in is essential to EV adoption. Proper training on topics like sales processes, government incentives, and consumer education are key to an aligned approach.
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