Welcome to Super Bowl weekend!
Bill Fox, NADA’s new Chairman who began his term at the convention here in San Francisco Saturday, set a clear direction for the association in 2015, focused on educating a driving public that sometimes seems conflicted regarding the value of the dealership system.
In the Q&A session after Jeb Bush’s Keynote speech at the NADA Convention here in San Francisco, NADA Chairman Forrest McConnell called attention to the nationwide speculation that Bush might run for president in 2016, and then asked the burning question on everyone’s mind:
Everyone knows that Millennials will bring down the auto industry because they don’t drive and probably never will. Dealers can’t sell them cars because they prefer to hail a ride on their smartphone, hop on a bike, or take a train.
With elaborate booths, speakers the likes of Jeb Bush and Jay Leno, hundreds of exhibitors and 8,000 plus dealerships represented, NADA 2015 leaves us awestruck!
Among the many fascinating things about Hawaii there’s this: while the rest of America drives less and less, Hawaiians drive more and more – in fact their average mileage is going up at more than twice the rate the rest of the country’s is going down.
Customers and prospects ask us all the time what exactly is going on with credit cards.
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NADA’s 2015 convention starts in San Francisco one week from now, and their analysts must be very pleased to come to CrossCheck’s native stomping grounds knowing that 2014 came to a bullish close exactly as they predicted it would: 16.5 million sales nationwide, up a healthy 5.9% from a year ago.
As we see it today, there are three major industry disruptions confronting our auto dealer merchants: plug-in vehicles and alternative powertrains, gas price fluctuation and threats to the dealership model.
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