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Dealers Threatened by Both Low-Tech and High-Tech Crime

Dealers Threatened by Both Low-Tech, High-Tech Crime A common problem is that dealerships may not be vigilant enough. To put it more positively, Federated Insurance investigator Andris Berzins says dealerships understandably may be “too” welcoming because, after all, they’re trying to sell cars. Low-tech crime poses a serious threat to dealerships, too, even though high-tech crime gets most of the headlines, says Andris Berzins, Special Investigations Unit team supervisor for Federated Insurance. For example, there’s catalytic converter theft, where thieves steal the emissions-control devices and sell them to scrappers who recover the precious metals inside. Each converter contains just a few grams of materials such as rhodium, palladium and platinum, but those bits add up. Pure rhodium fetched $14,500 per ounce in December 2020, according to the National Insurance Crime Bureau.

Tips for Car Dealers on Best Ways to Get Pre-Owned Inventory

Tips for Car Dealers on Best Ways to Get Pre-Owned Inventory “Without question, inventory supply is the No.1 issue these days,” Bob Grill of Carfax says of auto retailing. Short on new vehicles, car dealers are gobbling up used cars to stock, say experts offering tips on the best ways to acquire pre-owned inventory. “Dealers are buying as many used cars as they can get,” says Tom Kontos, chief economist for KAR Global, an auto auction company. The current new-car shortage primarily stems from not enough microchips to go around for automakers to build a sufficient number of vehicles to meet a strong demand.

Advisors See Continued Demand for Dealership Acquisitions

Advisors See Continued Demand for Dealership Acquisitions
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