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Software-defined vehicles will reshape the driving experience
Adapted from the GCADA Newsletter Software-defined vehicles (SDVs) are transforming the driving and automobile ownership experience by allowing for unprecedented customization and adaptability. Unlike traditional gas-powered cars that require mechanical changes for performance modifications, SDVs – especially those in the electric-vehicle fleet – can adjust characteristics such as torque, acceleration and even handling through software. SDV technology enables drivers to emulate different driving experiences,... -
Convenient access to service is an avenue for increased dealership profit
Where can dealerships find untapped profits? According to a recent Car Charts article titled "Convenience is King" by independent automotive researcher Glenn Mercer, profits are sitting in service departments. The franchised motor vehicle industry currently holds a 30 percent market share of post-warranty vehicle repairs, with an estimated market value of $350 billion. If the industry can capture just 1 percent more of the... -
IRS updates FAQs for new, previously owned, and qualified commercial clean vehicle credits
The Internal Revenue Service updated frequently asked questions to provide guidance related to eligibility rules, income limitations, transfer rules and dealer registration for the mew, previously owned and qualified commercial clean vehicle credits. -
Rebounding from the "blue screen of death"
In what has been described as the biggest IT failure in history, 8.5 million computers running Microsoft Windows were hit with the dreaded blue screen. Although Microsoft stated that less than 1 percent of its global footprint was affected, the global outage wreaked havoc. From the U.S. to China and Australia, basic services in nearly every business category came to a screeching halt. Where... -
IRS reminds car dealers and sellers to be aware of phishing scams
The Internal Revenue Service would like to remind car dealers and sellers to be aware of evolving phishing and smishing scams that could impact day-to-day operations of the business. In light of the recent ransomware attack aimed at car dealers, the IRS is warning individuals and businesses to remain vigilant against these attacks. Fraudsters and identity thieves attempt to trick the recipient into clicking... -
Will the VW / Rivian partnership last longer Danny and Sandy's "Summer Love"?
A month ago, on June 25, Volkswagen Group made headlines by announcing a significant investment of $1 billion in Rivian Automotive. The automaker also stated its intention to increase its stake in the EV start-up by an additional $2 billion over the coming years.
