Sunday, March 13, 2022

2022 NADA Show final day live blog: Hyundai, Mitsubishi, Toyota, Audi make meetings and F&I focus

2022 NADA Show final day live blog: Hyundai, Mitsubishi, Toyota, Audi make meetings and F&I focus https://ift.tt/plDmNae

The in-person return to the NADA Show wraps up Sunday with more make meetings, including for Toyota and Hyundai, and the AIADA Annual Membership Reception. So far EVs, hiring, and inventory have been big topics of discussion.

Stay with this live blog for regular updates from the show:

Hyundai doubles down on retail volume

Hyundai, riding a wave of retail U.S. sales gains behind an expanded and popular lineup of crossovers, is slashing fleet sales, increasing vehicle output and freezing dealer count as it targets another record year for U.S. retail volume.

The plans, sure to boost store profits, made for a joyous make meeting for Hyundai dealers at the tail end of the NADA show on Sunday.

Mitsubishi readies for Outlander PHEV launch

The Mitsubishi Outlander PHEV has been a key performer for the brand for years and has been serving as a gateway to electrification for customers, said Richard Herod III, chairman of the Mitsubishi National Advisory Board.

Toyota, Lexus: Inventory, current and future, on dealer minds

After taking a quiet victory lap for finishing 2021 as the top-selling automaker in the United States, Toyota and Lexus dealers Sunday started laying out what their dealerships will look like when production issues hopefully begin to ease later this year.

And what the packed room heard from Toyota Motor North America executives was that the profitability lessons imposed by COVID, and later the microchip shortage, were learned by the manufacturer, and that dealerships' days supply would likely remain reduced even after production constraints eased.

 

Audi dealers draw closer to the brand

Audi dealers Sunday drew closer to the German premium brand and credited it for keeping them informed and assisted as they jointly face production and logistics challenges to most of Audi's lineup.

At their make meeting here, dealers heard what steps the brand was taking to address production issues that range from the microchip shortage to interruptions of raw and finished materials caused by Russia's invasion of Ukraine. They also heard how Audi Financial Services will work with them to lessen the impacts of supply shortages.

 

Chargeway CEO on what it takes to sell EVs

Focus on F&I: 'It's been an unbelievable couple of years'

News from Infiniti's make meeting:

Cox Automotive's Steve Rowley on helping dealers operate more efficiently

Hire women, then listen to them, dealership experts say

 

 

Dealers should listen to the perspective of women working in their dealerships and take action to recruit more of them, panelists at NADA's Women Driving Auto Retail Lunch said.

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