
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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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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The entire Prime Automotive Group portfolio will be sold as a platform, hoping to close a transaction by year’s end.
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Lithia Motors Inc. adds a large-volume Honda store in Southern California and two import dealerships near Dallas, Texas.
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Taiwan is at work to address the global shortage of semiconductors, reported Economy Minister Wang Mei-hua after meeting with the newly appointed de facto U.S. ambassador in Taipei.
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Inventory shortages continue to push average loan amounts and monthly payments for used vehicles higher.
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EV companies, Arrival and Fisker, embark on paths designed to circumvent production challenges experienced by Tesla.
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Urban Science’s midyear Automotive Franchise Activity Report puts average throughput at 910 new vehicles per store this year.
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2021 Hyundai Santa Fe EV tops the list.
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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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With strategies in mind, dealers will be better equipped with the right participation program and F&I product portfolio to meet the needs of their business strategy.
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The U.S. Senate passed a $1 trillion infrastructure bill on a bipartisan 69-30 vote. The vote came after months of negotiations and debate.
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