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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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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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There are thousands of different levels of transparency, varying widely from one dealership to another. Where does your dealership fall on the scale?
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AM Best has increased DAC’s Financial Strength Rating to A (Excellent).
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New vehicle service contract promises a streamlined approach to F&I sales, contracting, rating and claims.
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New light-vehicle sales in February were strong, with a SAAR of 16.83 million units for the month—an increase of 1.9% compared to February 2019. Raw sales volume topped 1.3 million units, an increase of 8.4% compared to February of last year.
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Line 5 Introduces a New Independent Dealer Program, the new way to finance F&I products and avoid chargebacks with no fee.
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Black Book released its Used Vehicle Retention Index for February 2020 (115.2), a +0.7 point change from January (114.5).
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Global light vehicle sales figures from the first month of 2020 show just 6.2 million were sold in January, the lowest monthly figure since January 2012.
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Dealer Owned Warranty Company has introduced a Value Protect Option Contract to preserve the trade-in value of a vehicle should it be involved in an accident.
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A new whitepaper from IAS offers a three-step plan for driving F&I and service drive sales as new vehicle sales plateau and margin compression continues to chip away at profits.
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Truck wars heat up as more options become available and amenities draw in a rapidly expanding base of shoppers.
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