Black Book: Weekly Market Report

Sales rates continue to be less than ideal, with many buyers exercising caution for fear of loading up on inventory that does not turn quickly, especially when values are experiencing heavy declines week after week.
https://www.fi-magazine.com/369592/black-book-weekly-market-report-8?utm_source=dlvr.it&utm_medium=blogger

DriveItAway Partnership Launches Subscriptions in Canada

Partners with Legacy Auto Credit in Ontario for app-based subscription-to-ownership program.
https://www.fi-magazine.com/369595/driveitaway-holdings-partnership-launches-subscriptions-in-canada?utm_source=dlvr.it&utm_medium=blogger

Redwood Materials to Build S.C. Battery Manufacturing and Recycling Facility

The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
https://www.fi-magazine.com/369597/redwood-materials-to-build-s-c-battery-manufacturing-and-recycling-facility?utm_source=dlvr.it&utm_medium=blogger

Black Book: Weekly Market Report

The first week of March started off as expected with sales rates continuing to increase across the country.
https://www.fi-magazine.com/370251/black-book-weekly-market-report-11?utm_source=dlvr.it&utm_medium=blogger

One-in-Four Vehicles Financed by Credit Unions in Q4 2022

New Experian report shows average loan amount increases tapering off, while average terms decreased.
https://www.fi-magazine.com/370253/one-in-four-vehicles-financed-by-credit-unions-in-q4-2022?utm_source=dlvr.it&utm_medium=blogger

The Culture In A Dealership Is Transparent

Have you ever walked into a dealership and felt an unexplainable energy? Perhaps it was a feeling of excitement, anticipation, or even nervousness. On the other hand, maybe you felt a sense of unease or negativity. Whatever the feeling may be, the energy inside a dealership is palpable and has a direct correlation with the culture of the store. The culture of a dealership is defined by the shared values, beliefs, and behaviors of the employees. It is the foundation on which the dealership is built and determines how it operates. The energy within the dealership reflects the culture and can either attract or repel customers. Positive energy is infectious and creates a welcoming environment for customers. It fosters a culture of enthusiasm, collaboration, and positivity. Employees who exude positive energy are more likely to engage with customers and make them feel valued. In turn, customers are more likely to return to the dealership, leave positive reviews, and refer friends and family. Conversely, negative energy can make customers feel unwelcome and uncomfortable. It can come in the form of employees who are disinterested, unenthusiastic, or even rude. Negative energy can lead to a culture of complacency, resentment, and even hostility. Customers are less likely to return, leave negative reviews, and discourage others from visiting the dealership. So, how can a dealership cultivate positive energy and a welcoming culture? It starts with leadership. Managers and owners must set the tone for the dealership and model the behavior they want to see in their employees. They must foster a culture of respect, transparency, and accountability. Employees who feel valued and supported are more likely to exude positive energy and engage with customers. Training is another important factor in creating a positive culture. Employees should be trained in customer service, communication, and problem-solving skills. They should also be educated on the dealership's products and services. When employees feel confident in their abilities, they are more likely to engage with customers and provide a positive experience. The energy inside a dealership is a reflection of its culture. Positive energy attracts customers and fosters a culture of enthusiasm, collaboration, and positivity. Negative energy repels customers and can lead to a culture of complacency, resentment, and hostility. Dealerships can cultivate a positive culture by providing strong leadership, training, and support for their employees. By doing so, they can create a welcoming environment that attracts and retains customers. #WeAreEliteFI
https://www.elitefipartners.com/post/the-culture-in-a-dealership-is-transparent?utm_source=dlvr.it&utm_medium=blogger

Fleet Sales Continue Upward Momentum

Boost overall US auto deliveries as inventories improve.
https://www.fi-magazine.com/370233/fleet-sales-continue-upward-momentum?utm_source=dlvr.it&utm_medium=blogger