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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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We’re clearly operating in a new normal, but one thing is clear – the dealership that provides the most support and instills the highest level of confidence in their customers will ultimately succeed in the coming months.
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All auto dealers want more F&I PVR, but making meaningful improvement requires a comprehensive plan with these four pillars.
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Black Book recently published an update to their COVID-19 Markets Updates, which includes these highlights from the last week: wholesale prices, retail listing prices, wholesale sales volume, and automotive loans.
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Every dealership is re-opening to a new reality with a changed shopper. Creating a strategy that adapts to the needs of your customers will shorten the time it will take for your dealership to recover.
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DMG President Chris Weber and his partner James Jodison will continue to manage the day-to-day operations of their Illinois office with the added support of NAC’s industry-leading products and best-in-class claims management capabilities.
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Hyundai Motor Co reported a smaller-than-expected drop in profit on high-margin domestic sales and said, while demand should pick up soon, the pace of recovery will be slow due to the impact of the coronavirus pandemic.
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Iconic British shape goes electric with exclusivity, customization and California appeal.
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EasyCare partners with Darwin to provide a full suite of digital retailing options to dealers.
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Iconic brand provides as much as 40 percent better wear protection versus updated industry specifications.
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Black Book recently published an update to their COVID-19 Market Updates, which includes: current wholesale prices & price trends, used wholesale price trends & projections, a look at the retail vertical, new vehicle sales outlook, and used vehicle supply projections.
Read More →
