Owners of Bronco, F-150, Super Duty Trucks, and Other Models Urged to Watch for Engine Stall Recall Notices Major Recall Hits Popular Ford Models Ford Motor Company has issued a recall affecting several widely driven models, including the 2021–2023 Bronco, Explorer, Lincoln Aviator, F-Series Super Duty trucks (F-250 to F-550), 2021–2022 Lincoln Navigator, Mustang, […]
Ford Fuel Pump Recall Read More »
13,000 new robots power Japan’s push for efficiency and next-gen vehicle production Robot Deployment Hits 4-Year Peak Japan Expands Robot Workforce. In 2024, Japanese automakers installed 13,000 industrial robots—a notable 11% increase compared to the previous year, marking the highest surge since 2020, according to data from the International Federation of Robotics (IFR). Global
Japan Expands Robot Workforce Read More »
Consumers face higher costs as average new vehicle prices continue to increase across the U.S. auto market. New Vehicle Prices Tick Up in June New Car Prices Climb. According to Kelley Blue Book, a Cox Automotive brand, the average transaction price (ATP) for new vehicles rose slightly in June to $48,907, a 0.4% increase
New Car Prices Climb Read More »
How DealerXT’s Arbitration Addendum Helps Dealerships Reduce Legal Costs and Risk Choosing the Right Addendum. When it comes to managing legal risk, one overlooked but critical detail in a dealership’s retail installment sales contract and paperwork is the Arbitration Agreement. Many dealers assume that these contracts and agreements are standard. They are not!! Strategic
Choosing the Right Addendum Read More »
After months of uncertainty, U.S. consumer sentiment improves in May, driven by easing inflation and a stronger economic outlook. Consumer Confidence Bounces Back in May Consumer Confidence Shows Rebound. Good news for dealerships: U.S. consumer confidence saw a significant rebound in May. The Conference Board’s Consumer Confidence Index jumped by 12.3 points to 98.0,
Consumer Confidence Shows Rebound Read More »
NIADA pushes for tax provision clarification to include used vehicles in interest deductions. NIADA Calls for Clarification in Senate Tax Bill Used Car Loan Deduction. The National Independent Automobile Dealers Association (NIADA) will formally request that Senate Finance Committee leaders clarify language in the proposed auto loan interest deduction, ensuring it applies to used vehicles,
Used Car Loan Deduction Read More »
After months of steady increases, wholesale vehicle prices began to decline, signaling a potential shift in dealer pricing strategies. Prices Begin to Normalize After Spring Surge Wholesale Market Trend Reverses. As May began, wholesale used vehicle prices were still riding high. But by the end of the month, the market shifted. According to BlackBook’s Market
Wholesale Market Trend Reverses Read More »
How Smart Reconditioning and Timely Follow-Ups Drive Real ROI Secure Transportation Without Delays Auction Purchases to Profits. Once you’ve won a vehicle at auction, the clock starts ticking. Quick transport is crucial—not only to preserve any arbitration rights but also to limit potential risks. A delayed delivery could cost you more in the long
Auction Purchases to Profits Read More »
🚨 Tariff Shock Hits Auto Industry: Parts Prices Already Climbing Tariff Impact Hits Industry. The 25% tariff on imported auto parts officially took effect on May 3, and the impact is already rippling through the industry. Dealerships and repair shops are seeing rising costs, and supply chain concerns are growing by the day. 💰
Tariff Impact Hits Industry Read More »
Courtesy Calls That Change Everything: How Dealers Turned Collections Into Connection Engaging Today’s Auto Buyers. For many Buy-Here, Pay-Here customers, seeing their dealership’s number flash across the screen is enough to send their heart racing—and not in a good way. It’s often the start of an uncomfortable conversation about a missed payment. But for
Engaging Today’s Auto Buyers Read More »
Copyright © 2024 DealerXT | All Rights Reserved