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Newsby StaffMay 14, 2021

Toyota Execs Say Gasoline Will Still Power Most of Its Vehicles Through 2030

The automaker bases this assessment on a belief that electric vehicles will not catch up to gasoline-powered vehicles in terms of cost and convenience by 2030.

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ArticlesMay 13, 2021

You Know What They Say About Assumptions…

Assumptions are a dangerous byproduct of our industry and we all need to check ourselves when it comes to stopping an idea in its tracks based on emotional biases and unsupported knee-jerk reactions.

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ArticlesMay 12, 2021

Best Practice for Optimizing Service Absorption and Dealership Profitability

Increasing a dealerships service absorption begins with the reconditioning for its used car inventory and ends with the timely service marketing of those customers.

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Newsby StaffMay 12, 2021

Chip Shortage Hits Subaru’s FY Profits

Subaru FY2020 profits plunged by half as automaker grapples with the pandemic, microchip shortage and other factors.

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Newsby StaffMay 11, 2021

Black Book Market Update

Car segment gains ticked up slightly this past week (+1.25%) compared to the week prior (+1.17%).

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Newsby StaffMay 6, 2021

All-Time Highs Show Dealers are Making the Most of Manheim’s Connected Digital and Physical Marketplace

Data shows strength in dealers bidding and buying across physical locations, Simulcast, Manheim Express, Manheim.com and OVE.

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Newsby StaffMay 5, 2021

Rental Car Companies Scoop Up Used Cars as Chip Crisis Worsens

As the semiconductor shortage slashes vehicle production, rental car companies are taking extreme measures to bolster their fleets. The businesses are buying used vehicles at auction.

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Newsby StaffMay 4, 2021

Weekly Market Update Report

Retail inventory levels, new and used, continue to be a challenge and the limited availability of quality vehicles in the wholesale market is also proving to be a challenge for buyers.

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ArticlesMay 4, 2021

Stop Losing Customers to Third-Party Service Contract Marketers

If more dealers sold VSCs to their own customers, it would be extremely effective in re-directing this marketplace back to dealerships, which is where these products historically were sold.

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Newsby StaffMay 3, 2021

NextGear Capital’s Enhanced Account Portal Makes Floor Planning Easier for Independent Dealers

Enriched features help dealers save time, puts account information at their fingertips.

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