Biden approves new fuel economy regulations, GM partners with Costco to increase EV sales, Stellantis issues recall for 200,000 vehicles

The Biden Administration has finalized milder fuel economy rules for trucks and SUVs, aiming to make them more environmentally friendly. GM is using the Costco Auto Program to boost electric vehicle sales amidst market challenges. Stellantis has issued a recall for over 200,000 SUVs and trucks due to a stability control system malfunction. In May, there has been a decline in wholesale used-vehicle prices due to seasonal trends.

In a recent interview, FADA President Ted Smith discusses the challenges and advocacy efforts for 2024-2025. Dealer state associations like the Florida Automobile Dealers Association are working hard to advocate for their members, especially in response to challenges related to franchise laws. Pete MacInnis, CEO of eLEND Solutions, introduces ‘Deal Maker’ to bridge the gap between dealers and consumers in the automotive industry, focusing on transparency and accuracy in car buying and financing in the digital age.

For dealers, staying competitive in the automotive marketplace is crucial. Optimizing the service drive in a new car dealership can significantly improve customer satisfaction, retention, and profitability. There are five key areas where a new car dealership service drive can dominate, including proper optimization for success.