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For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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IHS Markit has been analyzing prevailing auto demand conditions in light of COVID-19.
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Eligible customers can defer curtailment payments through end of May on eligible unsold units.
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The National Independent Automobile Dealers Association is calling on the White House to include auto sales as an essential service.
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Automotive manufacturers offer aggressive lease deals on many vehicles amidst sales slump in response to COVID-19.
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General Motors announced today that it intends to drawdown approximately $16.0 billion from its revolving credit facilities.
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From increased sanitizing and cleaning to maintaining social distancing, auto dealerships are doing everything they can to keep their customers, employees and communities safe during the COVID-19 pandemic.
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DealerSocket has announced the relief programs they are offering dealers for the month of April.
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With NuVinAir Global’s healthy vehicle programs and patented cleaning process, they are quickly integrating into hundreds of auto dealerships, car rental locations, and major airports across the country.
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Association members should contact their senators to ask them to support the small business relief provisions in the bills.
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With health and safety as a top priority, the Cox Automotive family of brands is committed to partnering with clients to keep the automotive marketplace up and running.
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