Arnaldo Bomnin, a Cuban immigrant who wanted to be a doctor but fell into auto retailing, has succeeded during the pandemic by keeping his showrooms open with extra safety measures and upping his advertising while consumers were at home watching TV.
The trade deal’s long-awaited uniform regulations are out, easing some uncertainty for the auto industry as it begins to digest the details. But complying with tougher rules of origin requires a herculean effort.
Abysmal sentiment during the height of COVID-19 constraints was expected in the Cox Automotive Dealer Sentiment Index survey for the second quarter. But optimism about the next 90 days came as a surprise.