April 2025 Blog Posts (10)

Understanding Chassis Suspensions: Functionality, Applications, and Evolving Industry Trends

The chassis suspension system is a cornerstone of modern vehicle design, directly influencing ride quality, safety, and overall performance. As one of the most vital components in any automobile, it plays an essential role in managing the relationship between the vehicle's frame…

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Added by Tyler Newport on April 30, 2025 at 3:55am — No Comments

The CFPB is on Life Support- But Compliance Shouldn’t Be

In recent weeks, the Trump administration has significantly reduced funding for federal financial regulators. The Consumer Financial Protection Bureau (CFPB) is struggling to operate, with its staff unable to access their headquarters, supervisory exams suspended, and enforcement cases being abandoned. The Federal Deposit Insurance Corporation (FDIC) fired 700 employees on the last day of February[1].  Even the Office of the Controller of the…

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Added by John Sternal on April 29, 2025 at 11:42am — No Comments

Do You Have the Right Wealth-Building Plan to Navigate Tariff-Driven Uncertainty?

Today’s current economic climate has forced auto dealers to buckle in for a wild, unpredictable ride with their car shoppers. Auto dealers face new, unprecedented challenges that demand a strategic approach to wealth-building and F&I portfolio management. The Presidential tariffs are expected to cause manufacturers to raise vehicle & parts prices, which will inevitably put more affordability pressure on car shoppers and consumers.

 

A new analysis by the Center for…

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Added by John Sternal on April 29, 2025 at 11:41am — No Comments

Why Logistics and Transportation Software Development Matters

Transferring goods from point to point with speed and security is more vital than ever before. Businesses, big and small, are dependent on sound logistics to ensure the timely delivery of their products. This is where logistics and transportation software development come into play. It assists organizations in enhancing how they handle shipping, delivery, and supply chains.

Previously, most firms used to do logistics on paper or with plain spreadsheets. But now, with so many shipments…

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Added by O editor on April 28, 2025 at 2:30pm — No Comments

Employee Turnover

Employee annual turnover in the car business is staggering and remains close to 50%



According to NADA's 2021 Dealer Workforce Study dealerships average 46% turnover annually and have a median tenure for employees of just over three years (That is about double the national…

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Added by Richard Nimphie on April 24, 2025 at 12:08pm — No Comments

Car Pros Honda El Monte Earns Sales Circle of Excellence Award for Third Consecutive Year

 

Recognized as one of the top 50 Honda dealerships based on 2024 sales, climbing to #22 nationally from #24 in 2023 

 

RENTON, WA – April 23, 2025 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that Car Pros Honda El Monte was honored with the…

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Added by Crystal Hartwell on April 23, 2025 at 10:03am — No Comments

Lotlinx Q1 Quarterly Vincensus Report Reveals Market Volatility Amid Economic Uncertainty and Inventory Shifts

Data shows price pressures and aging carryover inventory increases, while Lotlinx customers maintain a competitive edge through strategic inventory management

 

DETROIT (April 16, 2025) — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today its Q1 2025 Quarterly Vincensus Report, the most comprehensive…

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Added by John Sternal on April 16, 2025 at 1:56pm — No Comments

CULA Grows by Double Digits in 2024, Saves Credit Union Members ~$63M Annually with Vehicle Leases

CULA credit union partner members’ monthly vehicle lease payments averaged $159 less vs traditional auto loan payments; CULA grew credit union dealer partners year over year and expanded to 27 states, as vehicle leasing grew to nearly 25% of all auto financing nationally

 

San Diego, CA – April 10, 2025 – Credit Union Leasing of America (CULA) delivered strong growth in 2024, with double-digit increases in credit union and dealer partnerships as an…

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Added by Crystal Hartwell on April 10, 2025 at 11:07am — No Comments

"We used to do that"



While this age of new technology introduces successful tools for the retail automotive business, there are no magic bullets that will, by themselves, improve ALL aspects of your dealership.  The best dealerships still get better at executing the basics of the business.



These basics remain the same:



✔️ Establishing a culture that embraces accountability

✔️ Recruiting and hiring employees that share your…

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Added by Richard Nimphie on April 2, 2025 at 10:49am — No Comments

New Survey Data From EVAI Show Fleet Managers Face Continued Challenges in Leveraging TCO Metrics With Auto Dealer Partners

Jackson, Wyo. – (April 1, 2025) EVAI, a pioneering company specializing in advanced data analytics and AI-driven solutions for fleet management, today announced results of its latest industry survey revealing significant insights into the use of total cost of ownership (TCO) metrics and the current state of electric vehicle (EV) adoption among vehicle fleet managers. The online survey, presented to more…

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Added by John Sternal on April 1, 2025 at 1:04pm — No Comments

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