U.S. new vehicle sales in March are expected to decline significantly, but April could be much worse due to social distancing. “When you look at March, we basically lost half the month,” said Eric Lyman, chief industry analyst at TrueCar.com. …
Fiat Chrysler Automobiles (FCA) will temporarily cut pay for salaried workers by 20 per cent for the next three months amid the novel coronavirus pandemic. The move is meant to help the OEM save money “to weather” the COVID-19 situation, …
Car-sharing and vehicle subscription services in Australia are booming amid the COVID-19 situation, with reports suggesting consumers are car-hoarding. “Car Next Door, a nationwide peer-to-peer car sharing platform, coined the phrase after it witnessed the number of its ‘long-term’ bookings …
The decline in vehicle sales may not be as bad as we think, according to a Forbes contributor. “Yes, March 2020 will certainly go down in history for its disastrous mid-month sales slide,” said Jack R. Nerad. “Yet the American …
How bad will Canada’s COVID-19 recession be? The country’s financial future appears to be bleak, as the Conference Board of Canada is assuming that most industries will be shut down for at least six weeks — if lockdowns and quarantines …
Calgary dealer Perry Itzcovitch discusses how he has been managing the novel coronavirus situation for his dealerships in Alberta, and offers a few words of advice and support to fellow dealers across Canada.
Canadian auto dealer editor Todd Phillips interviews Steve Clelland, VP of iA Dealer Services, about what his company is doing to manufacture and provide free hand sanitizer to Canadian car dealers during the pandemic, and how his organization is operating.
UAW has confirmed that two more Fiat Chrysler Automobiles (FCA) workers, who tested positive for COVID-19, have died. The total number of FCA workers that have died due to the virus is now at seven, for publicly confirmed cases. The …
U.S. President Donald Trump invoked the Defense Production Act, forcing General Motors to manufacture ventilators to help deal with the COVID-19 pandemic. “GM was wasting time,” said Trump. “Today’s action will help ensure the quick production of ventilators that will …
So far in Canada, gas stations and auto repair shops will continue to remain open across the country amid the COVID-19 pandemic. Dealerships are open in almost every province, although showrooms must remain closed in areas like New Brunswick and …
Dealers in the U.S. sent President Donald Trump a letter asking him to consider their businesses as essential services so they can continue to operate during the novel coronavirus pandemic. The letter was signed by the heads of the NADA, …
Fiat Chrysler Automobiles is laying off nearly 2,000 supplemental workers in the U.S. due to the COVID-19 constraints like the “stay at home” orders. “As a result of this, subcontract companies who were providing external support to a number of …
