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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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November’s seasonally adjusted annual rate of sales is forecast to finish near 13.4 million, down 16% from last year when the sales pace was 15.9 million.
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Days-to-turn for used retail listings have slightly increased and now sits just above 38 days, which is still lower than what is typically expected.
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Commerce Secretary urges Congress to pass funding designed to boost domestic production of semiconductor chips.
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Automaker reports batteries will power half of the vehicles it sells by 2030.
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Portfolio has promoted 20-year industry veteran Chad Millspaugh to the position of vice president of sales and marketing.
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Dealers must be on the lookout for vehicles damaged in Hurricane Ida as they resurface across the country.
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Some say the grants will provide a needed boost to EV adoption while others warn it will fail as previous policies did during the Obama Administration.
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Porsche hopes to attract the next generation of car buyers by enlisting U.S. dealers in rolling out a boutique retail concept, called Studios.
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Values aren’t showing any signs of slowing down, with most expecting this strength to last through the traditional Spring selling season.
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Production cuts because of a shortage of microchips slow.
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