
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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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.
Read More →Data Breach Readiness is Intersections Inc.’s newest cybersecurity layer for auto dealers and other business owners.
Read More →The used-vehicle retailer has named Don Reese as its new CEO. He replaces Ray Fidel, who stepped down as the company's chief executive in January.
Read More →A new partnership between Auto/Mate and Bluebird was designed to streamline the loaner car process for dealers.
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Originations continued to fall at a faster rate than previous years, as finance sources continued to tighten underwriting standards during 2017’s end-of-year quarter. TransUnion officials, however, say the sector is performing well as the economy remains relatively strong.
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A Hudson Cook attorney told industry trade groups in a Jan. 18 memo that the Defense Department’s Dec. 14 interpretative rule, combined with something else it did in July 2015, makes it ‘highly unlikely that any dealer or finance source will be willing to originate or purchase’ a vehicle finance transaction if credit-protection products are included.
Read More →A new facility at San Francisco Bay’s Port of Benicia will support distribution of vehicles to Volkswagen, Audi, Bentley and Porsche dealers.
Read More →Carvana Curbside creates a new option for the online retailer's users: street-facing garages that house sold used vehicles.
Read More →A new partnership between U.S. Bank and AutoGravity adds a vehicle-financing application and pre-approval component to U.S. Bank’s website.
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Volvo Cars said this week it will add its V60 to its Care by Volvo subscription program when the redesigned station wagon makes its U.S. arrival in 2019.
Read More →The CNCDA reports California dealers closed out 2017 with a marked increase in sales of larger vehicles and a corresponding decline in small-car sales.
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