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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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Edmunds analysts say the industry is beginning to see the trickle-down effect from the rate increases happening at the federal level. February's annual percentage rate on new finance vehicles was expected to average 5.2%, up from 4.9% in the year-ago period.
Read More →The new offering is designed to help finance sources better serve consumers across the credit lifecycle, providing insight into historical consumer behavior across all three credit bureaus.
Read More →This was the third consecutive year the F&I product provider paid out more than $40 million to its dealers through its various participation programs.
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Use this five-step plan to improve your status check process, prove you value your customers’ time, and keep them coming back to your shop.
Read More →Dealers selling Fidelis PPM maintenance plans can now enjoy complimentary auto deductible reimbursement coverage.
Read More →Ver. 4 of Dominion Dealer Solutions’ DealActivator equity mining solution was designed to offer improved functionality, greater conquest capitalization, and a better user experience.
Read More →The latest tool from Dominion Dealer Solutions was designed to offer immediate access to marketing, success, and engagement reporting.
Read More →The new offering combines an intuitive interface with customized reporting and consumer-focused communication tools to create an easy-to-use CRM that will satisfy customers, sales reps and management, according to the provider.
Read More →E-Signature Capture is a new, tablet-based app designed to allow fixed ops staff to accept and store digital signatures.
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Analysts blame aftermarket competition and inconsistent advertising by dealers and OEMs for a declining rate of sales among dealership service departments.
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