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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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Tina Coffey and Serena Martin have joined Peak Performance Team as Southeast regional sales director and business development manager, respectively.
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Former Autotrader executive Matt McKenna has joined APCO Holdings as senior vice president of GWC Warranty and APCO Marketing.
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The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants from Tesla’s lineup.
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An Orange County jury found in favor of Toyota dealer Roger Hogan, who sued the factory for fraud and breach of contract amid claims the manufacturer concealed safety defect data and retaliated against him for going public with his concerns.
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Elvis Presley’s 1973 Lincoln Continental stretch limo, 1976 Harley-Davidson Electra Glide, and 1967 GMC pickup will be on the block at Kruse GWS Auctions’ Artifacts of Hollywood event next month.
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Ford Motor Co. and Volkswagen AG have forged a new partnership centered on electric-vehicle and autonomous driving technology that calls for billions of dollars in investments and the introduction of a range of new vehicles.
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MAX Digital and LotVantage have combined their digital retail and marketing acumen in an effort to make social lead generation easier for auto dealers.
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Volkswagen de Mexico has built its final Beetle, capping a legacy of 21.5 million units sold worldwide — including 5 million in the U.S. alone — and clearing the way for a new SUV.
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Auto Dealer Today and F&I and Showroom’s Tariq Kamal will helm the advisory board for this year’s Industry Summit, leading a group tasked with building an agenda tailored to the needs of dealers, F&I professionals, and industry members.
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Kerrigan Advisors analysts say the stock prices for America’s seven publicly traded dealership groups are outpacing the broader U.S. equity markets and could soar higher on lower interest rates and new trucks.
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