Car market insights, BYD's new hybrid pickup, Tariffs for Chinese EVs and more

Read this week’s CDG Week-In-Review: news.dealershipguy.com/p/biden-raises…

Nearly 1 out of 12 auto loans is now delinquent.

At end of March:

* 2.78% of all auto loans were delinquent by more than 90+ days

* 7.9% of all auto loans transitioned into delinquency

* Total auto loan debt amounted to $1.616T, overtaking even student loan debt.

The fact

From a large dealer in Pennsylvania:

“Dealers are being forced to buy EV chargers, then get taxed on useage. Were dealerships ever forced to install gas pumps?“

REMINDER:

4 out of 10 used vehicles on the road have been in an accident.

What savvy dealers look for when acquiring trade-ins:

1. Are there non-parallel lines between panels?
2. Is there evidence of bolts being cranked on under the hood or doors?
3. Does the Vehicle History

New car inventory is up, but prices stuck in high gear.

Plus…

2. Fastest & slowest charging EVs.

3. Hottest selling cars of the month.

Read today’s top auto industry news: carguymedia.com/4dHJajw

Great insight into the car market and economy

Don't believe the hype.

You can hold 'conflicting' truths about the car industry:

1) Dealerships won't go away, but they WILL evolve

2) Online car buying will continue growing, but showrooms are STILL important

3) Electric vehicle sales have hit a plateau, but adoption WILL

Honda announces a *massive* investment in EVs.

Plus…

2. New car affordability harder to reach in April

3. The state of used car sales

Read today’s top auto industry news: carguymedia.com/44MJMQH

Temperature check on the economy 🌡️

For anyone in the car business - how's your month going?

(tell us what region you're in and what type of cars you sell)

Dealers are scrambling to get more used car inventory.

So I asked one of the biggest Honda dealers in the country how she’s tackling historic used car supply shortages.

(Her 3rd point is key)

Rita Case, CEO of Rick Case Automotive, breaks down her strategy in <40 seconds:

I'll be on CNBC shortly to talk about declining birth rates.

jk jk - going to talk about the car business!

Join me around 2:20PM ET on Power Lunch.