Jon Matthews

The changing landscape of auto retail: Glenn Mercer shares his insights on #DrivingAhead, discussing the evolving role of dealerships and the challenges they face in maintaining profitability and independence. Tune in below! https://lnkd.in/gtusW3M8

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Learn what you should NEVER do when you’re buying or selling a used car online. Get the facts about vehicle history scams here: https://lnkd.in/ehvtWbbu

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Student Loan Fixed Rates as low as 2.71% APR*! 📢 The school year is right around the corner, which means tuition bills are too!💸 Lock in your student loan rate with Brazos Higher Education!🔒 ✅ Apply Online in Minutes ✅ Cover 100% of School Certified Expenses ✅ No Application, Origination or Prepayment Penalty Fees Learn more: https://zurl.co/Gt9N • • • *Rates displayed are effective as of June 17, 2024 and reflect a 0.25% Auto-Pay Discount. Final loan amount and rate depends on the cost of attendance certified, repayment term and options selected and the creditworthiness of the borrower or co-signer. Lowest rates are only available for the most creditworthy borrowers and requires selection of Immediate Repayment and the shortest loan term. Subject to credit approval, loans are made by Brazos Education Lending Corporation or Bank of Lake Mills, member FDIC. • • • #StudentLoans #PrivateStudentLoans

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As we navigate through the week, we dive into Cox Automotive’s June wholesale price data and its lease maturity warnings. Plus, Carvana introduces used EV tax credits at checkout, and Google simplifies advanced account protection. Cox Automotive’s June Wholesale Price Data: Used-vehicle wholesale prices continued their 22-month decline in June, according to Cox Automotive Inc. Non-adjusted prices dropped 2.2% from May and 10% year-over-year. CDK outages caused temporary market disruptions, but declines normalized by month-end. Seasonally adjusted prices also fell, with luxury vehicles down 9.9%, SUVs and crossovers 9.3%, compacts 12%, midsize 11%, pickups 8.3%, and EVs 17%. A reduction in 3-year-old vehicle availability due to fewer off-lease returns is affecting auction supply. Cox forecasts a 12% decrease in lease maturities in Q3 and up to 18% in Q4. This pattern is expected to persist through 2026. Read more: https://lnkd.in/es_ytvYa Carvana Offers Used EV Tax Credits at Checkout: Carvana is now offering up to $4,000 off at checkout for eligible used EVs and plug-in hybrids, allowing immediate benefit from federal tax incentives. Discounts are available on Carvana’s app or website for vehicles marked with a green tax credit banner. Customers must file IRS Form 8936 and transfer the credit to Carvana when filing taxes. This comes as the House Ways and Means Committee voted on a bill to undo federal EV tax credits, citing benefits to Chinese companies. Read more: https://lnkd.in/efkxDyxr Google Simplifies Advanced Account Protection: Google has made securing high-risk accounts easier with its Advanced Protection Program, now allowing enrollment with just a passkey instead of two physical security keys. Targeting high-risk users like political campaign workers and journalists, the program can be set up with a single passkey using biometric authentication on Pixel or iPhone devices. Enrollment requires visiting the Advanced Protection Program page and choosing a passkey or security key, along with providing recovery methods like a phone number and email address. Read more: https://lnkd.in/enwWkuuW #CoxAutomotive #WholesalePrices #Carvana #EVTaxCredits #Google #AdvancedProtection #AutoIndustry #Automotive #automotivenews #Innovation

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Day 1 of the Auto Finance Summit 2024! We're looking forward to listening, learning, and great conversations. #AutoFinance #RevSpring

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The CDK cyberattack that harmed U.S. auto dealerships delayed the launch of Hyundai’s online retail platform co-developed with retail giant Amazon, but the automaker’s North American CEO said it will be ready to go as early as January. More than half of Hyundai’s dealers were impacted by the software outage last summer, undercutting momentum to launch the program, Jose Muñoz told Automotive News during a Nov. 21 interview at the Los Angeles Auto Show. A year ago, Hyundai used the same venue to announce the partnership. In 2023, Hyundai said it would pilot the program with a group of 18 dealers and use Amazon employees in respective regions as consumer guinea pigs. The objective of the beta phase was to work out the complexities of selling a car online, including trade-in valuation and financing. The automaker originally said the six-month pilot phase would start in January 2024, and that dealers who opted into the program after the initial beta phase would be able to sell its full portfolio of vehicles by the end of the year. The prospect of selling cars online became increasingly popular during the pandemic, when dealership shutdowns forced automakers to consider alternative ways to sell vehicles. Read the full story: https://lnkd.in/eyiwk5ya

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The CDK cyberattack that harmed U.S. auto dealerships delayed the launch of Hyundai’s online retail platform co-developed with retail giant Amazon, but the automaker’s North American CEO said it will be ready to go as early as January. More than half of Hyundai’s dealers were impacted by the software outage last summer, undercutting momentum to launch the program, Jose Muñoz told Automotive News during a Nov. 21 interview at the Los Angeles Auto Show. A year ago, Hyundai used the same venue to announce the partnership. In 2023, Hyundai said it would pilot the program with a group of 18 dealers and use Amazon employees in respective regions as consumer guinea pigs. The objective of the beta phase was to work out the complexities of selling a car online, including trade-in valuation and financing. The automaker originally said the six-month pilot phase would start in January 2024, and that dealers who opted into the program after the initial beta phase would be able to sell its full portfolio of vehicles by the end of the year. The prospect of selling cars online became increasingly popular during the pandemic, when dealership shutdowns forced automakers to consider alternative ways to sell vehicles. Read the full story: https://lnkd.in/eyiwk5ya

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The CDK cyberattack that harmed U.S. auto dealerships delayed the launch of Hyundai’s online retail platform co-developed with retail giant Amazon, but the automaker’s North American CEO said it will be ready to go as early as January. More than half of Hyundai’s dealers were impacted by the software outage last summer, undercutting momentum to launch the program, Jose Muñoz told Automotive News during a Nov. 21 interview at the Los Angeles Auto Show. A year ago, Hyundai used the same venue to announce the partnership. In 2023, Hyundai said it would pilot the program with a group of 18 dealers and use Amazon employees in respective regions as consumer guinea pigs. The objective of the beta phase was to work out the complexities of selling a car online, including trade-in valuation and financing. The automaker originally said the six-month pilot phase would start in January 2024, and that dealers who opted into the program after the initial beta phase would be able to sell its full portfolio of vehicles by the end of the year. The prospect of selling cars online became increasingly popular during the pandemic, when dealership shutdowns forced automakers to consider alternative ways to sell vehicles. Read the full story: https://lnkd.in/eyiwk5ya

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The CDK cyberattack that harmed U.S. auto dealerships delayed the launch of Hyundai’s online retail platform co-developed with retail giant Amazon, but the automaker’s North American CEO said it will be ready to go as early as January. More than half of Hyundai’s dealers were impacted by the software outage last summer, undercutting momentum to launch the program, Jose Muñoz told Automotive News during a Nov. 21 interview at the Los Angeles Auto Show. A year ago, Hyundai used the same venue to announce the partnership. In 2023, Hyundai said it would pilot the program with a group of 18 dealers and use Amazon employees in respective regions as consumer guinea pigs. The objective of the beta phase was to work out the complexities of selling a car online, including trade-in valuation and financing. The automaker originally said the six-month pilot phase would start in January 2024, and that dealers who opted into the program after the initial beta phase would be able to sell its full portfolio of vehicles by the end of the year. The prospect of selling cars online became increasingly popular during the pandemic, when dealership shutdowns forced automakers to consider alternative ways to sell vehicles. Read the full story: https://lnkd.in/eyiwk5ya

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After facing a major cyberattack this past summer that disrupted operations at over 15,000 dealerships across the country, CDK Global has bounced back, implementing new technology to ensure the safety of their dealer and OEM partners. Brian MacDonald, President & CEO of CDK Global, joins us to discuss the company's response to the incident and their innovative roadmap moving forward. Watch the full episode here: https://lnkd.in/eP5p3z3h #CDK #cyberattack #automotive #dealerships

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