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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 group’s F&I operations posted a $60 increase in F&I profit per vehicle retailed during a quarter in which the nation’s eighth largest auto retailer chose volume over margin.
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Carleton Inc. announced the hiring of Sarah Way, an attorney whose expertise includes business law, contract development and documentation, intellectual property regulations, property insurance law, and other litigation disciplines.
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Jumpstart Automotive Media released its annual report listing the Super Bowl car commercials that drove the most online engagement.
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Volvo Car USA LLC announced that buyers of the 2017 V90 wagon can order their vehicle direct from the OEM’s Gothenburg, Sweden, factory. The service can be initiated online or at a Volvo dealership.
Read More →Automotive Broadcasting Network has joined the ranks of companies certified by General Motors' Dealer Technology Assistance Program.
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The connected car and telematics provider announced that Gary Tucker has joined the company as CEO. Tucker leaves his role as CEO of dealer review site DealerRater.com.
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Barry McMillan, who has led RouteOne Canada since 2003, will retire at the end of this month. Assuming his duties is Anthony Goulbourne, who was promoted to senior vice president.
Read More →The National Association of Business Resources named EasyCare to its ‘Best and Brightest Companies to Work For” list, which the association put together in partnership with an independent research firm.
Read More →Manheim's Tom Webb believes the 0.3% year-over-year decrease could have been much worse considering the "sharply rising" supply of used units.
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ADT contributor Rico Glover and his team from Bryan Honda will deliver a presentation on dealership digital marketing in New York City next month.
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