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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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Industry Summit 2017 (Sept. 11-14) is quickly approaching. American Financial & Automotive Services' John Vecchioni, the conference’s master of ceremonies, explains why it’s the premier event in the F&I industry. Don’t miss John when he takes to the stage on Sept. 14 for F&I Think Tank’s Shark Tank, a session featuring the who’s who of F&I trainers.
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Houston auto auctions are slowing coming back online after assessing the impact of Hurricane Harvey.
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F&I and Showroom and F&I Express announced the five category winners for the inaugural F&I Digital Media Awards. The Grand Prize winner will be announced at Industry Summit next week.
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Ford, Toyota, Nissan, and other automakers have made cash donations and other contributions to help the victims of Hurricane Harvey in south Texas and other Gulf Coast areas.
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A preliminary assessment by Houston-based Group 1 Automotive found that employees were able to protect most of the company’s inventory in its Houston and Beaumont, Texas, stores from the devastating effects of Hurricane Harvey.
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The average transaction price rose despite mixed results for major automakers, with Fiat Chrysler topping the list with a 6.1% year-over-year increase in the brand’s average price.
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Utah Business named Alpha Warranty Services to its rankings of the 50 fastest growing companies in the state, marking the company’s first entry on the coveted list.
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Fair was founded last year by former TrueCar CEO Scott Painter and auto finance legend Georg Bauer. Today, the company launched its car-buying app, which allows a customer to get a pre-owned car with just a driver’s license and a bank account.
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Black Book issued its estimate days after Cox Automotive Chief Economist Jonathan Smoke said the number of damaged vehicles could reach half a million. With Harvey coming ashore near the Texas-Louisiana border on Wednesday, forecasts remain fluid.
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The media, insights and marketing solutions provider reported today that the share of interest for entry luxury sedans increased 9% from a year ago across its portfolio of automotive websites.
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