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Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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ADT Magazine
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SEARCHMENUSEARCHWhile new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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Auto manufacturers cut over 100,000 vehicles from North American production schedules because of the global microchip shortage last week, reports AFS.
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The National Automobile Dealers Association has challenged the Federal Trade Commission's proposed rules on dealership advertising and finance and insurance.
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The Estimated Average Weekly Sales Rate increased to 67%.
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Over the last two weeks, Manheim Market Report prices saw higher-than-normal but decelerating declines.
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Total used-vehicle sales in June are estimated to be near 3.21 million units, down 5% from June 2021, according to Cox Automotive.
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With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.
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One-quarter of Americans say they will consider an electric vehicle for their next vehicle.
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McLaren and Fisker have branded their auto finance ventures and have them supported by Chase.
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F&I and Showroom is hosting a FREE webinar July 14th! Join us and discover how enhancing your training programs can result in retention and more car sales.
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The trial centers on a lawsuit that alleges the German carmaker knowingly manipulated diesel-emissions tests by installing defeat devices
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