FEBRUARY 24, 2021

Hey there. Welcome to the WardsAuto Dealer 5 for Wednesday Feb. 24. We've put together items from WardsAuto.com and across the Internet. So let's go:

New Center in Baltimore to Receive BMW, Mini Imports

The new facility is at Tradepoint Atlantic Terminal on a 35-acre site with a new, purpose-built, 75,000-sq.-ft. building. That’s roughly double the size of BMW’s current facility a few miles away and nearly doubles capacity to 100,000 vehicles per year.

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Gain Control of Your Reconditioning Process

With undefined timeframes and limited accountability, it’s no wonder dealers struggle to lower reconditioning costs. Bring clarity to the process with iRecon, vAuto’s reconditioning solution to help you create recon plans, monitor each vehicle’s progress and get inventory to the front line where it can be seen—and sold—faster. Click Here

K-Shaped Recovery Spells Tighter Market for Subprime Loans

TransUnion reports serious auto loan delinquencies, defined as 60 or more days past due, increased substantially for customers with subprime credit in the fourth quarter vs. like-2019, to 9.05% from 7.41%.

Full article

Be on top with Alpha Elite and be seen where online shoppers are searching

Relevance in search results is what shoppers want most in the early stages of their car buying journey. That’s why finding strategies that can put you at the top of search results is critical to success. Click Here for More

March 5 Deadline for WardsAuto MegaDealer 100 and Dealer 500 Submissions

The MegaDealer 100 and Dealer 500 survey process is under way. If you haven't yet received your submission form via email, please send your dealership name and contact information to [email protected] by March 5. WardsAuto will begin publishing the lists, as well as associated stories, later this spring.

Dealers Can Reach Extra Bases on the Recall Field

Vehicle service work provides on average 48% of a dealership’s gross profit, says Juan Flores of Kelley Blue Book.

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Dealer Blueprint for Closing Digital Sales

Use this guide to learn a suggested process for your business development company.

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That’s our WardsAuto Dealer 5 for today. We’ll be back soon with more high fives.

And to reach the editor for whatever reason (i.e. comments, complaints, questions, directions), contact Tom Murphy at [email protected].

OK, finally... Forward this alert to dealership colleagues. The more in-the-know people at your place, the better it is. Over and out.

Now for the legal stuff...

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