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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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Vehicle Administrative Services will offer roadside and ancillary solutions to Alpha Warranty Services under the terms of a new strategic partnership.
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Bryan Myers and John Zwart have been promoted to vice president of sales and vice president of agent relations at CareGard Warranty Services.
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U.S. new-vehicle sales finished at 17.33 million units in 2018, a year that saw light trucks push their total market share to a record-high 69% while cars continued to fall out of favor among manufacturers and consumers.
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Black Book’s Used Vehicle Retention Index ticked downward for the second time in December, but seasonal declines weren’t enough to derail the key metric’s largest annual improvement since 2012.
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As Charlie Gilchrist prepares to assume the chairmanship of the National Automobile Dealers Association, the Texas dealer faces a long list of pressing issues and agenda items.
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The Federal Reserve announced its fourth hike in the federal funds rate this year and lowered its economic growth forecast for 2018 and 2019.
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Swapalease.com reports U.S. lease approval ratings declined by 2% in November following an October surge.
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U.S. Marine Corps veteran and Purple Heart recipient Steven Diaz was awarded a 2018 Dodge Challenger R/T on live TV as part of Nexen Tires’ ‘American Muscle for American Heroes’ campaign.
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In an industry fraught with dealer-factory tension, Mercedes-Benz launched its Autohaus II initiative in cooperation with and in support of its franchisees.
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Wantalease.com reports increased new-lease discounts among compact cars, full-size cars, and entry-level luxury cars in the first two weeks of December.
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