Other Articles
September 20, 2023
How the Rail Car Shortage is Impacting the Automotive Industry
The automotive industry faces a new supply chain challenge – a severe shortage of rail cars. This issue follows previous disruptions, such as microchip shortages and supply chain problems, which have affected production and vehicle availability. Now, as many as 70,000 vehicles are stranded at factories and ports due to a lack of specialized carriages known as "auto racks," essential for vehicle transportation.
September 7, 2023
Tips to Improve Dealership Margins
With narrow margins, dealership owners should maximize their profitability where possible by introducing new strategies or paying close attention to existing work. How can you improve your operating margins in an increasingly competitive marketplace?
September 6, 2023
FTC Safeguards Rules for Auto Dealers
The Federal Trade Commission (FTC) recently updated its Safeguards Rule to ensure institutions take the necessary measures to protect customer information. This includes car dealerships that offer financial services, like extending credit for someone to lease or finance a car or issuing any other type of payment plan.
September 6, 2023
Ways AI Is Impacting the Automotive Industry
We highlight ways AI technology, such as IoT data analytics, machine learning, natural language processing, cloud computing, and big data is revolutionizing the automotive industry.
