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For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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Incorporating vehicle history reports into the lending decisions can help uncover hidden issues with the vehicle and adjust loan terms accordingly.
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In order to succeed in this new normal, dealerships will need to evolve and leverage the modern technologies available to them in order to meet consumers where they are – in their homes.
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Drivers are using adaptive cruise control as a tool for speeding, possibly undermining the feature’s potential safety benefits, a new study from the Insurance Institute for Highway Safety found.
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Paul Walser, NADA's 2021 Chariman, recently released a message to the association's members.
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No matter what product you sell or whether it is in person or over the phone, the first impression will have a great effect on your ability to help the customer make good decisions.
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The Kerrigan Index surpassed 1000 for the first time in its history on Friday, March 5th, continuing a streak of all-time highs throughout late 2020 and the first quarter of 2021.
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Rapid Recon works with the dealer’s new-car team to create a customized, stand-alone New-Car Workflow that mirrors their existing process.
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Dealers today understand that the value of personalization can exponentially drive the opportunity of maximizing profit potential — the same is true when selling F&I products to consumers.
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February saw another record broken with the Index reaching 130 points for the first time.
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Look for further data updates as the Cox Automotive Industry Insights team dives into the results and shares insights on average transaction prices, fleet performance, CPO sales, inventory levels and more.
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