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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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Porsche’s new Cayenne variant is a four-door coupe that adds horsepower to a growing midsize luxury CUV segment, reaching a top speed of 178 miles per hour with a zero-to-60 time of 3.7 seconds.
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NextGear Capital announced that founder and floorplan financing innovator John Fuller has died at the age of 75.
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The National Automobile Dealers Association wants U.S. dealers to participate in its 2019 Dealership Workforce Study, offering complimentary custom reports to respondents based on the survey’s findings.
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Accelerate turn and maximize gross profit by stocking smarter, identifying your fastest-moving units, and testing new digital tools designed to drive efficiency throughout your used-car operation.
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Bloomberg reports executives and lobbyists representing dealers, manufacturers, and various suppliers are converging on Washington to voice their opposition to new levies on imported vehicles and parts.
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Wells Fargo President and CEO Tim Sloan will retire effective June 30, ending an era marked by a series of scandals that rocked the company’s auto, home, and consumer banking divisions.
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The latest forecast from Cox Automotive puts March new-vehicle sales at 1.547 million, a nearly 7% year-over-year decline, but raises the SAAR from 16.5 million to 16.8 million.
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Is the world ready for Renault Nissan Fiat Chrysler? Sources tell the Financial Times FCA could finally have a buyer once Renault and Nissan’s houses are in order, creating a new global automotive manufacturing powerhouse.
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Maritz and Northwood University announced a program designed to develop the next generation of automotive industry leaders through student internships, guest lectures, and a new scholarship.
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The Supreme Court of Texas has reversed a lower court decision in favor of a Mercedes-Benz dealer who claimed the factory tricked him into purchasing a dealership and won a multimillion-dollar award that was upheld on appeal.
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