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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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AutoGravity’s Sheng Wang has been appointed to chief technology officer after serving as the fintech provider’s first product director.
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The F&I product provider named Rob Hehr to the newly created position of vice president of reinsurance. For the past seven years, the more than 25-year industry veteran served in an executive role with Gulf States Financial Services/GSFSGroup.
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Rich Porrello has served as managing director of the bank’s auto finance organization since 2010, overseeing 180 associates serving nearly 4,500 dealerships across 23 states in the Midwest and New England. He retains those duties while assuming oversight of the business unit’s business strategy.
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Fastlane has announced plans to offer its online car-buying platform to independent and pre-owned dealers starting in January.
Read More →RouteOne officials said the availability of finance sources like Exeter has led to notable growth in the tech firm’s noncaptive econtracting share, which has more than doubled every year since 2014.
Read More →The honor adds to a host of other recognitions the company earned in 2017, including being named to the Utah Fast 50 and Utah 100 lists, having executives honored with the CXO of the Year award and winning the When Work Works workplace flexibility award.
Read More →New-vehicle transaction prices are being driven higher by the shifting sales mix away from cars. Ford’s strong mix of F-Series Super Duty sales for the month helped drive up the automaker’s average transaction price by nearly 3%.
Read More →Dealertrack and DealerCenter announced a new partnership designed to deliver a more connected F&I workflow for independent dealerships.
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U.S. sales of international vehicles were up in November, outperforming a plateauing market, according to the latest report from the American International Automobile Dealers Association.
Read More →Auto/Mate Dealership Systems’ DMS is now integrated with DealerFenix’s reporting and workflow automation system.
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