Retail

GM Financial is putting much of the deal structure into F&I managers' hands to speed up the car-financing process and make financing available to dealers and most customers at any time of day.

One of the biggest dealership buy-sell deals in years was aborted days before it was scheduled to close. Asbury also tapped a credit line in response to the COVID-19 outbreak.

DMS providers, listings sites and other vendors are waiving or reducing dealerships' fees through April, or longer.

While CADA economist Oumar Dicko applauded the Canadian government’s C$82 billion package to help support individuals and businesses affected by the crisis, he said the government needs to act quickly to distribute the money so that it can have an immediate impact.

The German sports car maker is guaranteeing payouts, relaxing dealer performance bonus objectives and extending finance. Its captive finance arm also is offering retail customers lease extensions.

In an interview on Tuesday with Fox News, President Trump said: "I’d love to have it (businesses) open by Easter. I will tell you that right now."