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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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Automakers hope to use 5G in big ways, such as downloading software updates on the go, updating digital maps, and sounding alerts about road conditions.
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Automakers remain divided over the larger tax credit for EVs built in Union shops and other measures in the green energy plan.
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Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
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BMW is faring better than GM, and car dealers are coping better than component suppliers.
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September new light-vehicle sales fell for the 5th consecutive month to a SAAR of 1.2 million units, reported the National Automobile Dealers Association (NADA).
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The seasonally adjusted Retention Index increased to 169.5 points, hitting another record this year.
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With the new digital tool, dealers can see a quick summary showcasing the average local wholesale transaction price and average mileage of a specific vehicle’s make, model, year and trim.
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As we move into the Fall season, wholesale prices began to show a positive movement once again and reached the highest point of the year last week.
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Asbury adds to the auto retail megadeals trend with its pending acquisition of Larry H. Miller Dealerships.
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GM sales fall short of Toyota Motor Corp. over two consecutive quarters.
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