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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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Growing numbers of car buyers looking to insure their investment against problems down the road.
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As dealers are in the thick of a busy car buying season, complementing high-quality customer service with digital solutions can be a promising force in their journey to make one of the biggest purchases of their lives.
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Brands with unfavorable lease policies continue to see lower brand loyalty.
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Today, few auto retailers accept cryptocurrency as payment, but experts predict that could soon change.
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LMC Automotive expects the semiconductor shortage to cut production in North America by about 452,000 units over the remaining months. The company also expects the chip shortage to impact production by about 1.5 million units.
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Record-breaking buy/sell activity might trim the total number of automotive dealership owners, but it will brighten the future for those left behind.
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Toyota Motor Corp. and Honda Motor Co. warn of continued chip supply and parts disruptions as COVID-19 surges again across the globe.
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Nissan recently overhauled its products to inject new life into slumping sales in the U.S.
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The company will idle plants in Flint, Michigan; Fort Wayne, Indiana; and Silao, Mexico, just one week after the plants resumed production after an earlier shutdown related to the shortage.
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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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