Legions of representatives, trainers and specialists travel to dealerships across the country every year, visiting personnel and conducting training sessions. Adjusting to the impact of the coronavirus pandemic has been difficult for many of these companies that, just as many of the dealership clients they serve, have pivoted entirely online …
Read More »All the Automakers Laying Off Workers During Coronavirus Pandemic
Mid-April was when automakers wanted to restart production in the U.S., but that’s been pushed back until at least early May now. Furloughs are the current new normal for factory workers, which means employees can’t come in to work and will not be paid. This page will be updated as …
Read More »Some Car Insurance Companies Giving Customers Partial Refunds during Pandemic
MediaNews Group/Reading EagleGetty Images Allstate ($ 600 million) and American Family Insurance ($ 200 million) have both announced they will send some customer money back because of coronavirus, and they’re also being more flexible about payment due dates. Geico and Progressive have not yet made any announcement about their plans, …
Read More »How Electric-Vehicle Startups Are Coping in Coronavirus Pandemic
Rivian, which has been talking up its electric truck and SUV (below), and Lucid, with its near-production Air luxury sedan (pictured above), have both had to reschedule events due to the coronavirus pandemic. Some EV startups were in the middle of building factories when shelter-in-place orders were given. The agility …
Read More »Car shoppers cash in on deals during coronavirus pandemic
Americans are taking advantage of historic new car deals thanks to automakers slashing interest rates and letting owners defer payments, among other incentives. “I got a deal with 0% interest, plus 120 days until my first payment, which is crazy,” said Scott Carpenter, 60, from Nashville, Tennessee. The contractor brought …
Read More »Every Automaker That Offers Incentives, Loan Support in Pandemic
Automakers are offering new incentives and support for current borrowers and lessees during the ongoing COVID-19 pandemic. For current owners, rescheduling payments is an option on a case-by-case basis. With these offers in hand, now might be a good time to buy a new car. As this year’s automotive sales …
Read More »Details of Ford, GM, Honda, Nissan U.S. Plant Shutdowns amid COVID-19 Pandemic
It’s official: Ford and General Motors will suspend production at North American plants for two weeks. Honda and Toyota also announced today that they will also temporarily halt U.S. production. According to Automotive News, Fiat Chrysler reportedly will begin a rolling shutdown of plants between today and the end of …
Read More »GM Will Offer Zero-Interest Loans, Customer Aid in Coronavirus Pandemic
General Motors is going to offer zero-interest loans for up to 84 months, in a deal available to customers in top credit tiers. The manufacturer is also going to work with current owners who owe money for loans or leases so they don’t miss a payment during the pandemic. GM …
Read More »Hyundai, Genesis Offering Payment Aid during Coronavirus Pandemic
If a fix works, why not bring it back when everything else feel like it’s breaking? Hyundai received kudos for its Assurance program during the Great Recession, so it’s bringing a modified version back during the coronavirus pandemic. This time, the luxury arm Genesis gets in on the action as …
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