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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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The new partnership pairs Auto/Mate’s DMS with Dashboard’s data reporting suite. Clients of both companies can now enjoy seamless data exchange and real-time updates.
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Bank of America is piloting new enhancements to its mobile banking technology that will allow clients to complete the auto financing process directly with the bank on a mobile device.
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The award is designed to recognize an individual who has made the most noteworthy contribution to the auto finance industry in the last two years. Judges described White Clark CEO Brendan Gleeson as a “visionary for the motor finance industry.”
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The existing auto-focused sales force from Hearst Magazines’ 21 brands will move under the umbrella of Hearst Autos. The division will develop and execute 360-degree programs incorporating print, digital, video, social, custom content, events, and in-market advertising.
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The Department of Justice filed the complaint on May 23, claiming FCA installed the software in 104,000 diesel Ram 1500 and Jeep Grand Cherokee vehicles. The filing comes days after FCA submitted a proposed software modification to resolve the issue.
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If the firm's forecast is realized, May's new-vehicle sales total would best April by 7% but would be flat with a year ago. The vehicle information site also believes retail sales will account for 80.5% of volume.
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String’s marketing intelligence platform will be matched with Experian’s own data-driven insights. The combination will direct dealers on how to spend marketing dollars and where to target their conquesting efforts, officials said.
Read More →An Orange County Superior Court Jury sided with a former Nissan dealer who claimed the automaker’s captive financing arm forced him out of business during the Great Recession, awarding him $121.9 million in compensatory damages and $134.6 million in punitive damages.
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Black replaces Terry Koebbe, who will retain his title as CEO. Black will also operate as COO, a title he's held for the last six years.
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By a three-to-one margin, voters surveyed in seven key battleground states said they prefer a bipartisan commission over a single director.
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