F&I Cancellations?

I don't understand the cancellations due to household budgets.

When VSC or GAP cancels, the monthly payment doesn't change. Or all of these people trading and that is the reason for the cancellation?
@Zack_AF mentioned auto delinquencies being up, so those cancellations would be on behalf of the lender canceling if they got their car back. Most sub prime customers need GAP, so that would make the most sense.
  • Like
Reactions: Tallcool1

Trump Pledges Action To End EV Mandate In Inauguration Speech

Hybrids are estimated to represent ~15% of vehicle sales this year, while EVs are expected to be ~10%. Buyers still want affordable cars, and hybrids check that box vs. EVs. Plus, the OEMs plan on making more hybrids than EVs, anyway.
  • Like
Reactions: Jeff Kershner

Trump Pledges Action To End EV Mandate In Inauguration Speech

There were new car deals with $15k of incentives. I think you could get a Fiat 500e for like $220 a month with $0 down at one point, which was the cheapest new car lease in the industry. Tesla was publicly shamed for adjusting MSRPs down and everyone else just crank incentives all the way up. The customer's had no idea the math for them is basically the same. For the market, yeah it's been propped up for a long time. This will let the air out of it and remove all the fake value. When new cars are like 50% off MSRP that's not a sign of a healthy market, I am all for blowing it all up and letting reality take it's course.

How much do you pay for photos?

This is a very common issue with the Impel Spincar app - usually user error.

Dealers have no idea how bad their pics are.​

Dealers that put time and effort into merchandising are KILLING it because so many dealer's suck.​


Great photos sell cars
1737581528116.png

1737581424015.png

1737581766370.png
  • Like
Reactions: Aimee

#RefreshFriday Merchandizing - Someone is Launching a new Service | Joe Pistell

Chris that's nice of you, I have a bunch or random ones - gave away one last year also. As someone who's delt with some random dude owning your primary xxxxxx.com domain, it's one of the more frustrating things to deal with as a founder.

Trump Pledges Action To End EV Mandate In Inauguration Speech

It's great news! OEM's should focus on building what customers demand. It should be as simple as that.

I know of one particular OEM that has said they wouldn't produce hybrids because it doesn't help them hit their EPA goals by enough. The irony there is that hybrids are in quite high demand from a consumer and industry perspective. Let consumer demand do the talking.
  • Like
Reactions: Alex Snyder

Trump Pledges Action To End EV Mandate In Inauguration Speech

Hybrids were always the ticket, even plug-in. Getting 50+ MPG but still having an aggressive exhaust note when needed.

If manufacturers can get to around 100 miles of electric-only range while still having the ICE driving experience it will be the best of both worlds. You can daily drive that thing to and from work without using the ICE. And still drive a 12 hour road trip without planning charging points to stop at every 200 miles.

Any dealers using TikTok for marketing campaigns?

New owners includes? Musk?
I doubt Mr. Beast is ear marked for that but it would be interesting.

If you didn't see it, I highly advise watching Trump's press conference while he signed Executive Orders. It was entertaining for sure. And you get a real good sense for how serious he is.

He did speak about TikTok quite a bit. He wants the United States to own half of TikTok. His argument is that TikTok is worth nothing if it goes away. If it stays, it has huge value. And his signature is all it takes because Congress gave the President that power specifically in regard to TikTok. They have 90 days to figure it out.

Trump Pledges Action To End EV Mandate In Inauguration Speech

How does this change the EV used car market? I don't have a great pulse on how EV credits work..
It certainly doesn't strengthen it! However, the losses traditional OEMs are taking cannot be sustained and they're moving away from EVs anyway. Along with Trump's "drill, baby, drill" opening up resources, we will see lower fuel costs. When? Yeah, that's not answerable at this time. Cheap gas will hurt EV sales. Let's recap:

  1. Removal of EV manufacturing mandate (California probably won't change their mandates right away) by Executive Order
  2. Manufacturers losing money due to incentives on EVs - the bulk of current EV sales are due to them being cheaper than ICE vehicles
  3. Cheap gas on the horizon will popularize larger ICE vehicles

I don't see a short-term future for EVs as we knew under the past administration. On January 3rd, 2023 (2 years ago) a thread was started about how long EVs will last at the production level they were ramping to then.

Details around the EV credits have not come across my news cycle yet. I'd bet the only thing that is going away are the manufacturing mandates.
  • :light:
Reactions: AlexCaradonna

Trump Pledges Action To End EV Mandate In Inauguration Speech

He said it is all about common sense.

The EV battery technology got pushed hard and fast. Maybe some wishful thinking and fancy PR to make people think it is a cleaner power source. It is a superior driving experience. I hope more performance hybrids come to market instead.

NADA 2025 - Roll Call

It was 2014... I remember grabbing one of the last rental cars in all of New Orleans and hitting the road just moments before a Snowpocalypse descended on many friends I'd left behind. Some were stuck in New Orleans for 3-4 days after the exhibition hall closed. Impromptu educational sessions popped up at hotels near the convention hall in an effort to make the most of the bonus time. The folks that got stuck may have been the lucky ones.

I love that about this industry!
  • Will you be in New Orleans this week?
  • What are you most excited to see or learn about?
  • What products, tools, or services are you "shopping?"
  • What products, tools, or services are you excited to be representing?
  • Vendors, where will we find you?
Safe travels to all that are headed to New Orleans this week.

Any dealers using TikTok for marketing campaigns?


Screenshot 2025-01-20 at 10.21.47 AM.png

Mac compatibility in a dealership

That's an interesting take. Why do you think it's the M1 chip? Motorola/IBM vs Intel vs Apple chips does make sense but a speed bump?


Did you try to find an OS version that worked?
All I know is I was having issues that PC users weren't on the same systems, with latest versions of Mac OS. Here is an overview that matches what we experienced with the first gen Apple Silicon Apple Silicon: What IT Pros Should Know About the M1 Chip and Beyond

#RefreshFriday Merchandizing - Someone is Launching a new Service | Joe Pistell

Think of the experience you could create

AI Update:
Dealer Photo to video
Screenshot 2025-01-17 at 12.36.49 PM.jpg

Sick.
Login to view embedded media See reflections on the paint. The wheels are rolling.
Our team is in AI 2-3hrs a day. The progress of improvement is jaw dropping.

Filter