Black Book Market Insights

Last week was a short week with the Thanksgiving holiday, and the auction results reflected this with the level of declines continuing, but at the lowest level we’ve seen since the third week of July.

Electric Vehicle Service Contracts | Elite FI Partners

American car shoppers appear to have discovered electric vehicles. After a decade of slow but steady sales growth, electric vehicle registrations in the U.S. shot up 60 percent in the first quarter of 2022, even as overall new car registrations dropped 18 percent. The sharp increase in electric-vehicle registrations at the start of 2022 meant that the EV share of the overall market in the U.S. hit a historic 4.6 percent. Is your dealership offering the correct products for electric vehicles? #WeAreEliteFI https://www.elitefipartners.com/electric-vehicle-service-contract?utm_source=dlvr.it&utm_medium=blogger

Dealerships Trade Hands in Four States

McGovern, Ken Ganley groups pick up stores across brands.

VinFast Sends First Shipment to U.S.

The Vietnamese automaker has shipped 999 cars to the United States. The vehicles are expected to arrive in December.

IRA Tax Credit Change Puts Hyundai Profits At Risk

Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.

USMCA Dispute Decision Expected Soon

A dispute over the interpretation of regional trade rules for automobiles should be decided soon, said Canada Minister of International Trade Mary Ng.

Automotive F&I Products by Elite F&I Partners

Elite FI Partners offers Industry-leading products designed around your dealership and tailored to the success of your finance department. Our solutions will give your dealership a competitive edge while seamlessly giving your customers top-rated financial products. We train & coach your sales & finance staff with proven processes that work. We have nationally recognized specialists who set up and manage dowc, reinsurance, and retro profit share programs. Contact us today to learn how we can do a comparison to your current agency, provider and profit sharing programs. #WeAreEliteFI https://www.elitefipartners.com/automotive?utm_source=dlvr.it&utm_medium=blogger