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COVID-19

BLACKBOOK: COVID-19 Market Update

As more stay-at-home orders go into effect and dealership sales departments are required to close, the buying activity on the lanes has decreased and so have the prices according to this week’s Used Car Market Insights report from Black Book and Laura Wehunt, Vice President, Automotive Valuations.

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Be on the Lookout for Fake Coronavirus Tracking Sites Infecting IT Systems

Hackers are leveraging the popularity of these tracking maps to steal usernames, passwords, credit card numbers, browsing history, cookies and other information stored in users’ browsers.

NADA Launches Coronavirus Website Hub

NADA has launched a new section of its website, the NADA Coronavirus Hub, for local dealerships looking for information on NADA’s government advocacy, regulatory compliance, educational resources, webinars and government resources related to the COVID-19 pandemic.

APCO Holdings, LLC, Announces Added Support for Dealers Experiencing Hardship Due to COVID-19

APCO Holdings announced they will begin providing free access to digital retailing tools and online training courses designed to help dealers as the coronavirus crisis impacts normal business operations.

AutomotiveMastermind: 36-point COVID-19 Checklist

As more state governments enforce a temporary or partial shutdown of dealerships, automotiveMastermind has shared a comprehensive 36-point checklist.

IHS Markit: Coronavirus Impact on Global Auto Demand

IHS Markit has been analyzing prevailing auto demand conditions in light of COVID-19.

NIADA Asks President to Define Auto Sales as an Essential Service

The National Independent Automobile Dealers Association is calling on the White House to include auto sales as an essential service.

General Motors Fortifies Balance Sheet in Response to COVID-19

General Motors announced today that it intends to drawdown approximately $16.0 billion from its revolving credit facilities.

NADA: Auto Dealerships are Stepping Up During COVID-19

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: COVID-19 Relief Package

DealerSocket has announced the relief programs they are offering dealers for the month of April.