The article below is sourced from Reuters Wire Service. The views and opinions expressed in this story are those of the Reuters Wire Service and do not necessarily reflect the official policy or position of NADA. South Korea's Hyundai Motor Co and affiliate Kia Corp forecast on Tuesday that their combined global sales will jump…

The article below is sourced from Bloomberg Wire Service. The views and opinions expressed in this story are those of the Bloomberg Wire Service and do not necessarily reflect the official policy or position of NADA. US auto sales likely rose in December and will rebound in the new year as a recovery in vehicle production will…

Totaled vehicles in your collision shop take time and energy away from your daily operations with little to no return. Some dealers are finding an additional source of revenue by providing a service for insurance companies by wrapping the totaled vehicle in a plastic crash wrap. Wrapping the vehicle in plastic helps protect it from the elements…

The Inflation Reduction Act, signed into law on August 16, 2022, created or revised four EV-related tax credits. January 1, 2023 is an important compliance start date for those tax credits.

Car and truck technicians are in short supply—but you can expand recruitment and retention by demonstrating exactly how they can advance in your dealership. Create a Ladder of Advancement Give employees and applicants a roadmap to career progression in both seniority and compensation. Develop a series of positions building…

On Thursday, the Senate passed the “Supply Chain Disruptions Relief Act” (S. 4105) legislation that would provide LIFO relief to dealers, but time expired prior to U.S. House consideration before the body adjourned to avoid incoming winter storms. Strong support for LIFO relief legislation, and …

The article below is sourced from Bloomberg Wire Service. The views and opinions expressed in this story are those of the Bloomberg Wire Service and do not necessarily reflect the official policy or position of NADA. Toyota Motor Corp. said its global output hit a record for November, thanks in part to solid consumer demand,…

Yesterday evening, the Senate passed S. 4105, the “Supply Chain Disruptions Relief Act,” important bipartisan legislation that would provide relief to dealers on LIFO impacted by the pandemic and supply-chain issues. The bill passed the senate without opposition. The Senate took this action directly after it was clear no business tax…

The article below is sourced from Bloomberg Wire Service. The views and opinions expressed in this story are those of the Bloomberg Wire Service and do not necessarily reflect the official policy or position of NADA. BMW veered into a public-relations mess this year when it started charging car owners monthly…

We’re counting down the top five reasons dealers should attend — and send their staff to the Auto Industry of the Year, NADA Show 2023 in Dallas from January 26-29.