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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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Dave Habiger, a seasoned technology sector visionary who has led several initial public offerings and served as CEO of multiple public companies, succeeds Finbarr O’Neill as the data and analytics firm’s new chief executive.
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Officials with both companies said the technology convergence resulting from the new alliance will eliminate the need for traditional system-to-system integration and creates the broadest access point in the industry for dealers to connect with finance sources, OEMs, and F&I product providers.
Read More →Zurich North America has joined Dealertrack’s aftermarket network in a move designed to help dealers deliver a ‘more digitized’ experience for car buyers.
Read More →The regulator had charged in an administrative complaint that the proposed sale violates federal antitrust laws. The two companies subsequently announced they are abandoning the proposed merger. Auto/Mate officials said the technology company is no longer for sale.
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A survey of 250 U.S. franchised dealerships revealed a 21% drop in the gross-margin gain between new- and used-vehicle sales as off-lease units flooded the market in 2017.
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F&I product provider GWC Warranty today announced the addition of Emily Dwyer as its new strategic brand manager.
Read More →A new partnership between Darwin Automotive and RouteOne was designed to connect dealers with online car shoppers without compromising F&I production.
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Ford Motor Co. has launched Ready.Shop.Go., a new ‘online experience’ designed to allow car buyers to find a vehicle, make a deal, and apply for financing.
Read More →Kelley Blue Book’s new program was designed to streamline the vehicle trade-in and purchase process.
Read More →Dominion Dealer Solutions’ new inventory management mobile app was designed to improve on-the-lot mobility and data reliability.
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