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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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A sales mix in favor of utility vehicles drove up January’s average transaction price 3.3% from a year ago to $34,968. Among the greatest beneficiaries were the Detroit Three, with General Motors leading the way.
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Appearance protection solutions provider Dent Zone Companies has announced the formation of Nobilis Group, a new entity consisting of the Dent Zone, AutoBodyGuard and PDR LINX lines of business.
Read More →Ford is launching the Commercial Vehicle Center dealer program to replace the Business Preferred Network. According to officials, the new program offers improved service, better parts availability and a new loyalty program.
Read More →While the truck segment realized its best week in terms of vehicle depreciation last week, values for used luxury cars tumbled, according to Black Book’s Jan. 31 Market Insights Report.
Read More →Leasing accounted for 31% of new-vehicle sales in 2016, up from 29% in 2015. And according to the vehicle information, nearly one-third of all millennials turned to leasing to secure a new vehicle.
Read More →The digital marketing solutions provider named Chris Sims CTO, Joe Karle vice president of account management for the Midwest United States and Canada, and K.C. Loughlin vice president of dealer sales and service for the United States and Canada.
Read More →ProMax Unlimited CTO Darian Miller and COO Shane Born acquired minority ownership stakes in the software company.
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The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.
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Black Book has released a new white paper about the different types of data analytics and how automotive industry professionals are using them.
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Reaching your professional peak is only one leg of the journey toward a fulfilling life.
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