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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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Swapalease reports credit approval rates on its online marketplace dipped slightly in March, but traffic is up as consumers encounter high lease prices at dealerships.
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Trucks and sedans continue to dominate the list of America’s most floorplanned vehicles, but NextGear Capital analysts say SUVs and CUVs are gaining fast.
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FICO’s second annual survey of auto finance customers finds the United States and Canada atop the dealer-arranged financing rankings even as the number of auto loans originated online jumped from 5% to 13% year-over-year.
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The man who sold 13,001 vehicles from a Detroit-area Chevrolet dealership and enjoyed a second career as an internationally renowned speaker and author has died.
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The White House’s proposed 2020 budget would allow the federal electric-vehicle tax credit to expire and terminate an Energy Department program that helped fund investments in EV production by three manufacturers in seven states.
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The National Automobile Dealers Association has named Juliet Guerra director of media relations and announced promotions for media and legislative experts Jared Allen and Ben Tesfazghi.
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Manheim’s new suite of decisioning products promises to deliver new value to wholesale clients by leveraging data and insights from Manheim and parent company Cox Automotive.
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Any trade-in that closes a new-vehicle deal should at least be considered, but a little education and common sense can prevent a lot of heartbreak.
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U.S. dealers started the month with a 78-day supply of unsold vehicles, the highest number for March since 2009 and the largest total volume since July 2017, according to Automotive News.
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The average fuel efficiency of light-duty cars, trucks, and SUVs reached a record-high 24.9 miles per gallon for the 2017 model-year, according to EPA analysts, who warned the industry may have trouble meeting future standards.
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