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Editorial

Newsby StaffSeptember 13, 2019

Lt. Gen. Honoré to Help Attendees Prepare Today and Prevail Tomorrow at Industry Summit

Attendees are invited to join a keynote address given by a 37-year military veteran on creating and maintaining resilient leadership qualities.

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Newsby StaffSeptember 13, 2019

Used-Vehicle Volumes Up 4.1% Among Privately Owned Dealers

Haig Partners’ Q2 report charts an astonishing 60% drop in buy/sell activity among U.S. auto dealerships and finds privately held stores and groups are increasingly focused on pre-owned sales.

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Newsby StaffSeptember 12, 2019

Get ACE-Certified at Industry Summit

Registered attendees are once again invited to earn Automotive Compliance Education certification at the 2019 Industry Summit for no additional charge.

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Newsby StaffSeptember 12, 2019

Subprime Fell to Lowest Share Since 2011 in April

An Equifax review of auto finance data from the first four months of 2019 found subprime’s percentage of total originations fell to 22.7% for all purchases and 9.2% of new-vehicle leases.

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Newsby StaffSeptember 12, 2019

Escalating Finance Costs Drive 24% Spike in TCO

AAA analysts say bigger price tags and higher interest rates have conspired to raise American new-car buyers’ average annual total cost of ownership to $9,282, an all-time high and a 24% year-over-year increase.

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Newsby StaffSeptember 11, 2019

Pace of Dealership Acquisitions Slows in Q2

Kerrigan Advisors’ latest Blue Sky buy/sell report counts 49 transactions in the second quarter, a slight decline from Q1 but enough to maintain a 200-plus-transaction pace for 2019.

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Newsby StaffSeptember 11, 2019

Report: Customers Want to Buy Insurance at the Dealership

A new DealerPolicy study finds 83% of customers would buy auto insurance as part of their car-buying process — but only 9% were given the opportunity.

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Newsby StaffSeptember 10, 2019

NAE/NWAN Adds 30- to 90-Day Vehicle Return Program

National Automotive Experts and NWAN have launched Money Back Guarantee, a vehicle return program billed as the industry’s longest with coverage up to 90 days.

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Newsby StaffSeptember 10, 2019

Report: Chasing Price Hurts Gross, F&I, Service

A new report makes the case for chasing value over price, a strategy that auto dealerships nationwide are adopting to generate higher front-end & back-end grosses while earning lifelong service customers.

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Newsby StaffSeptember 10, 2019

Cox Upgrades CAR&I Incentives Platform

Cox Automotive Rates & Incentives now features automated data input, dynamic transaction templates, and advertised specials, all designed to deliver data faster and with improved accuracy.

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