John Humphrey JD Power


VIDEO: Fed Pol­icy, Leas­ing, and 140 New Car Launches could make 2015 a Lit­tle Dicey for Dealerships

There are three trends in the auto­mo­tive mar­ket that are going to make or break dealer sales and prof­itabil­ity in 2015.

Grab a pen and make notes as John Humphrey, Sr. Vice Pres­i­dent, Global Auto­mo­tive Oper­a­tions, spells out what the J D Power team sees as trends that mat­ter— Inter­est rates, leas­ing, and new vehi­cle launches.

A change in the inter­est rate pol­icy of the Fed means that car loans are going to cost more. The growth of leas­ing in the last 3 years means that a greater vol­ume of used vehi­cles are com­ing back into the sec­ondary mar­ket for deal­ers. The suc­cess­ful launch of 140 new vehi­cles in 2015 will be “a bit dicey” and impacted by the increase in inter­est for auto loans and leases but will also mean more new vehi­cles com­pet­ing for mar­ket share.

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News You Need to Know

Takata airbag recall

New Mobile App Helps Car Owners During Takata And Other Open Recalls

Honda Motor Co. has added to the Takata recall as it becomes what’s already one of the biggest recalls of the year spanning 10 automakers – and may eventually eclipse General Motors’ massive recall.

However, the issue with recalls goes well beyond the Takata recall – Carfax says that one in six vehicles on U.S. roads have a faulty part recalled by the automaker, but the vehicle has yet to be taken in for repair by the vehicle owner.

The good news is that Carfax has several solutions to help dealers easily find out about open recalls. As a Carfax® Advantage Dealer®, you can run all the Carfax® Vehicle History Reports™ you need to know about open recalls at acquisition and disclose them to buyers at retail by showing them the Carfax.


Spireon collateral management platform

A New Way for Dealers to Speed Up Loan Process

A new collateral management platform has been introduced that will help vehicle finance companies reduce the time and costs related to funding and servicing automobile loans through dealer operations.

This loan systems has a unique intuitive interface feature that goes beyond simple vehicle tracking within the loaning process for dealers and lenders, allowing them to process more loans more quickly.


Car show exhibit hall

Green Car Shows to Attend – Even if You Hate Going

It’s that time of the year again – time to plan for next year.

For those of you selling and servicing electric vehicles, hybrids, fuel cell vehicles, and other green machines, there are a few events to know about.

Here’s a list of car shows and conferences to consider attending. Plus, at the end of this event list there’s yet another list: Ways to make the most of events and conferences, even if you hate going to them!

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Upcoming Industry Events

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Industry People

Shane O’DellVP, Wholesale ServicesManheim - 12/31/1969

While customers rely on Manheim to buy and sell used vehicles, they also look to the company to provide value-added wholesale services.

To help customers take advantage of these services in the most efficient and effective way, Manheim has selected Shane O’Dell as senior vice president of wholesale services, a new role within the company.

Manheim’s wholesale services include vehicle transportation, reconditioning, condition reporting, export and more. He will report to Janet Barnard, executive vice president and chief operating officer of Manheim North America.

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