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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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They guidelines were created by members of the Standards for Technology in Automotive Retail and Michigan-based Nuspire Networks in an effort to provide OEMs and DMS providers with a variety of data security measures and industry best practices.
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Current CEO Colin Brown, the first non-Moran family member to hold the titles of president and CEO, will maintain his role as chairman of the company’s board while providing guidance and counsel to Burns during the transition. Burns' appointment takes effect July, 1.
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The bank has served as Jaguar Land Rover’s exclusive auto finance provider for 10 years, providing customized retail, lease and commercial financing to the automaker's more than 330 U.S. dealers through Jaguar Financial Group and Land Rover Financial Group.
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Less price-sensitive buyers splurged for the latest models in April, with the industry’s average transaction price rising 2% from a year ago despite rising fuel prices.
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FCA dealers can join DealerDNA’s Synergie platform thanks to a new agreement between the factory and the digital marketing provider.
Read More →The Atlanta Business Chronicle recognized Client Command as a 2018 Pacesetter, an annual list of Atlanta’s fastest growing companies.
Read More →Black Book’s new inventory recommendation solution was designed to help dealers identify desirable auction units.
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SNH Capital Partners revealed today it has acquired ProMax for an undisclosed amount, a transaction the automotive software provider's founder hinted at in a social media post two weeks ago.
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Chicago-area dealers are throwing their support behind a new registered apprenticeship program that includes real-world training in auto retail, F&I, accounting, fixed ops, and wholesaling.
Read More →The promotions will help the organization focus on continued growth and product development, officials said.
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