I am sure by now you have heard news reports of malicious actors targeting and disrupting online meetings. The use of meeting and collaboration platforms has exploded with the increased number of individuals working from home due to the COVID-19 pandemic. This fact has not gone unnoticed by malicious actors and they are exploiting any…

Due to the coronavirus, new-vehicle sales have plummeted 34% in March…hundreds of showrooms are dark, with 22 states enforcing restrictions on in-person sales…and many businesses have shuttered under numerous shelter-in-place measures. Under these circumstances, dealers are rightly turning to online sales. But whether this process is familiar or…

In 2018, 5.3% of the American workforce, about 8.2 million Americans, worked from home, according to the U.S. Census Bureau. Today, the number of American employees working remotely has grown exponentially as a result of the coronavirus pandemic. For many American businesses, including dealerships, this shift is a new way of operating and has…

Dealerships are powerful economic engines for America, and cash flow is the fuel that runs the motor. But right now, the gauge is nearing empty. Here’s how to start filling up. Last month, U.S. unemployment increased by 4.4%, and new-vehicle sales declined by 37.9% according to NADA’s first-quarter economic analysis. Many dealerships were…

As the coronavirus pandemic continues to hold the country captive, auto repair and service departments at franchised car dealers remain open for business, ensuring the safety and reliability of personal transportation for all Americans. In Thursday’s webinar, Managing Service Operations: Making it through the COVID-19 Pandemic, NADA…

So, an Employee Has COVID-19 Symptoms or Has Tested Positive…Now What? The latest in NADA’s Dealership Lifeline Webinar series addresses the literal lifeline of your employees, your customers and all those involved when someone tests positive for the novel coronavirus—or has a suspected infection. Presented by Douglas…

The fifth webinar in the NADA Dealership Lifeline Webinar Series, Build a 60 Day Profit Protection Plan, explored how dealers can quickly adapt to the circumstances caused by the coronavirus pandemic and positively impact the profitability of their businesses. Presented by Doug Austin, President of StrategicSource, a leading expense…

As the first quarter of 2020 has come to a close, the National Automobile Dealers Association (NADA) issued an analysis of U.S. auto sales and the economy, including the initial impact of the COVID-19 pandemic on both. “New-vehicle sales were on a healthy trajectory until mid-March, when we saw widespread social distancing measures due to the…

In the month of March, new light-vehicle sales were down 34.1% due to the COVID-19 pandemic. For dealers across the country, this trend has not only impacted their revenue but also their cash flow – the lifeblood any dealership. On Friday, April 3, NADA experts from the Academy and 20 Group hosted a webinar offering dealers practical solutions…

Today, NADA President and CEO Peter Welch spoke with Automotive News Publisher Jason Stein on the publication’s Daily Drive Podcast highlighting NADA’s efforts to support dealers during the COVID-19 pandemic. In sharing what dealers on the ground are saying, Welch shared that “liquidity is the name of the game” as capital…