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Unprecedented 383 transactions completed in 2021, representing 830 franchises, nearly three times the pre-pandemic average, according to The Blue Sky Report by Kerrigan Advisors.
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Broadly, the investments announced focus on the development of production facilities, technology, EV batteries, new product and securing future raw material supply, and autonomous vehicle development.
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The report explains how dealership profits have tripled along with demand from dealership groups that want to acquire more stores.
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Currently, the only industry in America that openly accepts the selling of unsafe recalled products to the public is the auto industry.
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An iA American exclusive, The 15-Minute F&I Turn reduces the time required to complete the F&I process to 15 minutes or less.
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The new standards will reverse the Trump Administration’s rollback of U.S. regulations aimed at improving gas mileage and cutting tailpipe pollution.
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China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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While there are new stories of supply chain disruptions popping up daily, it is evident that some new inventory is hitting franchise dealers’ lots as more off-lease vehicles make their way to the auction lanes.
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March U.S. auto sales, when reported on Friday, will show a notable drop from last March as the market remains significantly constrained by lack of supply.
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Throughput increased in 2021 as U.S. light-vehicle sales rose to nearly 14.75 million vehicles, according to dealership census.
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