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 […]
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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,
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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,
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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
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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
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🚨 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. 💰
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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
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Dealers Coping With Tariff Shift. Tariffs are expected to be implemented shortly on imported vehicles. This is causing a significant effect on vehicle sales and prices. Here is some information that has been shared with DealerXT. As of last weekend (March 29-30, 2025), sales of vehicles at new car dealerships have skyrocketed because customers expect
Expanding Insights into Automotive Remarketing with New Online Auction Platform J.D. Power has expanded its footprint in automotive remarketing with the acquisition of Superior Integrated Auctions (SIA). The acquisition merges SIA’s online auction platform with J.D. Power’s vehicle inventory, valuation data, predictive analytics, and digital marketing tools. This collaboration aims to streamline the management
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Understanding the Remaining Obstacles in EV Sales EV Retailing Challenges for Dealers Challenges in Retailing EVs. Retailing used electric vehicles (EVs) should be straightforward for dealerships, especially with recent data from iSeeCars revealing a 15.1% drop in used EV prices over the past year. This trend could make these vehicles more attractive in dealer
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