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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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Electra Meccanica Vehicles Corp. has opened a SOLO electric-vehicle plant in Chongqing, China, and expects to deliver its first 5,000 vehicles by year’s end.
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Concerns over subprime lending and 90-day delinquencies offset an otherwise prosperous year for the auto finance industry.
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A record year for dealer participation programs pushed CNA National past the $500 million mark in distributions since the company’s inception.
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The nation’s No. 1 auto retailer has named Carl Liebert as its new president and CEO, succeeding Mike Jackson, who will serve as executive chairman of AutoNation’s board.
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Lending Tree’s most recent auto finance snapshot finds originations, amounts financed, and monthly payments all accelerated in 2018.
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Chinese automaker Zotye announced has appointed Jan Thompson and Susan Bland Norton to VP positions on its Southern California marketing team.
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A new infographic from Zendesk illustrates the benefits an upgraded customer communications strategy delivers to the front desk and BDC, sales, showroom, and service.
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The only Tesla dealership in Cleveland and one of two Tesla service centers in Ohio has been listed for sale by B+E.
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Ricart Automotive announced the acquisition of all three of A.D. Farrow Co.’s Columbus, Ohio-area Harley-Davidson franchises.
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New IRS rules have sparked a downward trend in refund amounts, threatening the loss of an annual catalyst for used-car sales.
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