WardsAuto Dealer 5
WardsAuto Dealer 5
 

NOVEMBER 18, 2020

Hey there. Welcome to the WardsAuto Dealer 5 for Wednesday Nov. 18. We've put together items from WardsAuto.com and across the Internet. So let's go:

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1.

GM’s OnStar Enters Auto Insurance Arena

Better motorists will get lower rates based on the metrics of how they do behind the wheel. OnStar plans to offer the insurance service to the general public in early 2021.

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2.

NADA Chairman Criticizes OEMs Over ‘Mausoleum Mandates’

Speaking to a virtual meeting of the Automotive Press Association, Rhett Ricart says automakers are forcing dealers to make costly investments to enlarge and enhance their showrooms, Forbes reports.

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3.

Auto Finance Volume Recovers From Pandemic-Driven Slump

In total, loan originations were $168.2 billion in the third quarter, the New York Fed reports. That was up 5.7% vs. third-quarter 2019 and, more to the point, an increase of about 24% over the second quarter, when the worst of pandemic-related business shutdowns took hold.

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4.

Retired Dealer Ordered to Pay 43 Years of Spousal Support

Maine Supreme Judicial Court orders John “Jack” Quirk Sr., founder of what’s now the Quirk Auto Group, to pay nearly $400,000 for support dating to 1977, interest and attorney fees, the Associated Press reports.

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5.

First Woman to Chair New Jersey Auto Retailer Coalition

Judith Schumacher-Tilton, president of Schumacher Chevrolet Auto Group, assumed the chairwomanship of the New Jersey Coalition of Automotive Retailers on Nov. 1, reports New Jersey Business.

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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...