IADA members came up big again with their support and grassroots participation in the legislative process. The General Assembly passed several IADA-promoted bills during the 2021 Legislative Session, and each has now been signed by the Governor.
Pub. 11 2021 Issue 4
New light-vehicle sales in September 2021 fell for the fifth straight month to a SAAR of 12.2 million units. September 202l’s SAAR was the lowest since May 2020’s 12.1 million units, dropping the 2021 Q3 average SAAR to 13.3 million. Tight inventories have limited both fleet and retail sales, with fleet sales likely accounting for just 12% of total sales volume, according to J.D. Power. September 2021 started off with record-low inventory levels of 1.06 million units and will likely show little change in the final
Record profitability makes every dealer wish they had another dealership. How many times have I been asked lately, “Have you heard of anything for sale?” When almost every dealer feels the same way, it does make you wonder if there is some potential future negative in all this euphoria. But first, how did we get here?
With the current spread of COVID-19 variants, many businesses, including dealerships, are facing challenges associated with requiring proof of employees’ vaccination status, wearing masks and submitting to regular COVID-19 testing. Dealerships should consult with their own private attorneys about the careful development of vaccination policies to address these issues.