The current franchised new-car dealer model has benefited consumers, manufacturers and local communities for nearly a century. It is supported by both dealers and factories as the best and most efficient way to buy, sell, service and finance cars.
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The new warranty Reimbursement Provisions will enable dealers to significantly increase their warranty compensation for parts, labor, and time starting on January 1st, but you can start preparing right now.
Click this blog to view the recorded webinar.
IADA and CATA promoted legislation Public Act 102-232 to increase dealer compensation for warranty repairs will take effect on January 1, 2022. The following article summarizes the upcoming changes to warranty reimbursement and provides guidance on steps that dealers can take now to best take advantage of those changes.
New study in the journal Applied Economics analyzed data on new car sales, finding that dealership competition “significantly” lowers consumer prices on new car and truck purchases.
NADA Mike Stanton, "“Franchised dealers are making big investments in the future of selling EVs. We’re part of the solution. We’re essential to rolling out electric vehicles to the mass market.” Click on the blog post to keep reading!
For years, one of the great myths that has persisted about the auto industry has been that franchised dealers don’t want to sell electric vehicles. It’s long past time to put this myth out to pasture. Click on the blog post to read the full article.