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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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The market experienced record-breaking price increases this past week, as the supply and demand imbalance continued to drive up wholesale prices.
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The evolution of F&I products, and more specifically how they are sold, has been shifted into high gear.
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Innovative Aftermarket Systems, Southwest Reinsure, Inc., and Dealers Assurance Company are now iA American Warranty Group.
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Though in the marketplace for more than 40 years, the DOWC is not widely well understood, often leading to misrepresentation and inaccurate information about the structural, financial, and tax attributes of this entity type.
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Under the leadership of Mark Schienberg, the Greater New York Automobile Dealers Association has become the largest regional automobile dealer network in the country.
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Personalizing the buying experience for consumers can shift the transaction from a negative to a positive one in their mind.
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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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