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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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Kelley Blue Book analysts say a parade of new models helped drive the average price for a new vehicle sold in the U.S. to $37,185 in May, a 3.7% year-over-year increase.
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U.S. dealers sold slightly fewer new vehicles last month than in May of 2018, but the annual forecast increased to 17.4 million units — thanks in no small part to strong fleet sales.
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National Auto Care has named 30-year finance industry executive Laura Clark as the company’s new chief financial officer.
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Whether your dealership is big, small, profitable or unprofitable, it’s time to take a fresh look at how you’re measuring success.
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Manheim announced a series of updates relating to its flagship mobile app, including enhanced ‘Make an Offer’ capabilities and expansions of the auction provider’s Concierge Service and Trade Desk teams.
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Universal Lenders and the ZERO Plan have added enhanced volume-based fees in an effort to reduce costs and improve refund terms for its largest dealer clients.
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IHS Markit analysts say electric vehicles will account for 7.6% of all new vehicles sold in the United States in 2026, predicting ‘explosive’ growth in a segment driven by rapidly proliferating makes and models.
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The chairman of Fiat Chrysler Automobiles is pushing a proposal that would merge the Italian-American carmaker with France’s Renault, creating the world’s third-largest manufacturer.
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Autotrader’s editorial team has released a list of 10 new and used vehicles for recent college graduates seeking an affordable and appealing ride for their journey into the real world.
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Matt Laughridge and Sawyer Walker have joined ADESA as general manager of mobile auctions and national manager of dealer-to-dealer sales.
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