Auto and truck dealers have a long tradition of lending a helping hand to their communities and dealership families as they rebound and rebuild after recessions, hurricanes, wildfires, and floods. “In every community in the United States, car dealers give back more than any other industry or profession,” said Tom Holcombe, owner of Little Apple…

New light-vehicle sales fell significantly last month. The SAAR of 11.4 million for March 2020 represents a decline of 34.1% compared to March 2019 and is the lowest monthly SAAR since April 2010. Raw volume in March declined by 606,000 units to fewer than 992,000 units. Solid new-vehicle sales in January and February…

Do you know what you should be discussing with your tax advisor if you had a meeting today? Navigating the tax maze is difficult enough for business owners in a typical year. But understanding your options during a global pandemic … and compound that with altered workflow and employment upheaval, and it’s enough to make you want to file an…

With the coronavirus pandemic significantly impacting American businesses, the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) was enacted on Friday, March 27, to help small businesses retain their workforces. As part of the country’s $2.2 trillion stimulus package in the Coronavirus Aid, Relief, and Economic…

You’ve managed to keep your doors open, keep employees on the payroll, and to service the customers who are coming through your doors. Then the unthinkable happens: one of your employees tests positive for the coronavirus. What do you do now? As an employer, it’s important to show full support for your employee during these harrowing times. But…

There’s no doubt: our backs are against the wall, and truck dealers are in survival mode. The first few weeks of this pandemic were focused on protecting our employees and customers. Now, we must also plan damage control for our businesses and quickly shore up our truck dealerships’ financial health. If there’s one thing I can tell you during…

Even while the country is reeling from the rapidly evolving effects of the coronavirus and social distancing has become the new normal, NADA members never have to navigate this terrain alone. NADA is launching three new webinars to help dealers and their employees navigate today’s business realities. Wednesday, April 1, [1pm-2pm ET] …

The entire auto industry—including auto manufacturers, auto dealers, lending institutions and allied industry vendors—is pulling together to weather the COVID-19 outbreak in the United States and alleviate its long-term impact on auto retail sales. Even as auto manufacturers temporarily shut down plants or switch to making medical equipment in…

With everyone tracking the global spread of the coronavirus, a new threat has emerged; Hackers have found a way to use popular COVID-19 tracking dashboards on medical websites to inject malware into users’ computers. Hackers are leveraging the popularity of these tracking maps to steal usernames, passwords, credit card numbers, browsing history…

The Coronavirus Aid, Relief and Economic Security (CARES) Act, also known as phase III of the COVID-19 federal response, was signed by the president on March 27. The CARES Act provides $2 trillion of stimulus to individuals, businesses, and hospitals and other impacted industries in response to the economic distress caused by the pandemic. The…