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AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
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With the new-car dream narrowing, dealers can still help budget-bound consumers.
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Understanding how it plays into inventory risk management is an important consideration.
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Kerrigan Advisors poll shows percentage of retailers expecting lower profits, valuations is on the rise.
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Says VW unit’s plans to sell directly to consumers violate state law.
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Take the time to answer these and lay the groundwork for a successful year-end.
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Consider taking the change of the seasons as a cue to evaluate some key operational aspects of the dealership.
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Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.
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Their role at automotive dealerships is essential today to give salespeople time to close deals.
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The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.
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