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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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Gemspring Capital has acquired Bobit Business Media, home of Agent Entrepreneur, Auto Dealer Today, F&I and Showroom, and P&A magazines.
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Used-vehicle values fell by an average of 1.9% in October, the largest decline since January but on course with seasonal patterns, according to the latest report from Black Book.
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Auto/Mate Dealership Systems welcomed 145 customers to its User Summit in San Antonio last week.
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Carlos Ghosn will be ousted as head of the Renault-Nissan-Mitsubishi Alliance and face criminal charges in Japan after being accused of underreporting income in official stock market filings.
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Swapalease.com’s latest report show U.S. lease approval rates improved slightly to 70.9% in October following a 3.9% dip in September.
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J.D. Power’s latest sales satisfaction ratings put Porsche and Mini at the top of the luxury and mass-market rankings and find car buyers prefer to communicate by text message.
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The EV Drive Coalition will lobby Congress to ‘reform and recharge’ the federal electric vehicle tax credit.
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An anonymous source told Bloomberg that no new tariffs on foreign-made vehicles will be announced until after a Commerce Department report is finalized in February.
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Chinese carmaker Zotye Automobile has formed a U.S. sales and distribution company and has begun a search for dealers of a yet-to-be-named SUV.
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Ford has partnered with Yakima to offer dealers a wide range of outdoor adventure accessories for the upcoming Ranger pickup.
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