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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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GM entered agreement with the rental car company to funnel more loaner vehicles to dealerships amid the global microchip shortage.
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Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
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Current inventory levels rest at a 31-day supply for U.S. dealers, reports Cox Automotive subsidiary vAuto.
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Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
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The U.S. Commerce department reported the uptick of 0.7% in retail sales.
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Training expert shares how improving digital presence, sales skills and F&I presentations impacts sales.
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General Motors will extend production cuts at crossover, midsize pickup and sedan plants because of the semiconductor chip shortage but will resume full-size pickup production on Monday.
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The companies sharply criticized a Democrat proposal in the U.S. House of Representatives to give union-made electric vehicles an additional $4,500 tax incentive.
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Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
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At $43,355, the average new-vehicle transaction price hit a record high in August 2021 for the fifth consecutive month, according to Kelley Blue Book.
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