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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 Federal Trade Commission issued a second Federal Register Notice (FRN) on a proposed qualitative survey that would examine the experience of buying and financing a car at a dealership.
Read More →Dealers using both RouteOne and Toyota Financial Services (TFS) will now be able to book TFS electronic contracts through a completely automated process, according to a RouteOne announcement.
Read More →Price uncertainty is the No. 1 reason a customer won’t visit a dealership’s service center for maintenance, according to results of a survey commissioned by Record360.
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Over the Edge is a relatively new player in the F&I product e-rating/e-contracting arena, having released its TecAssured system this past May. This week, the firm announced its partnership with Keith Whann, a national compliance expert and attorney who will advise users of the company’s cloud-based system..
Read More →Mobile WiFi provider Vinli has reached agreements with Cox Automotive and Meineke Car Care to offer Cox's 40,000 dealer clients the ability to sell connected car capabilities to their customers as an aftermarket product.
Read More →Lithia Motors Inc. has acquired Carbone Auto Group, a New York- and Vermont-based dealer group that generates an estimated $600 million in annual revenue, according to a company announcement. The purchase adds 13 stores to Lithia's portfolio.
Read More →Automotive Mobile Solutions (AMS) announced that Roy O’Brien Ford in Saint Clair Shores, Mich., won the company’s giveaway at Industry Summit in Las Vegas. The dealership will enjoy full use of AMS’s LeadsBeacon mobile wallet platform for the next year.
Read More →Flick Fusion has released FlickWidget, a responsive video display tool that it claims can increase the number of views dealers get on the videos on their website.
Read More →Consumers shopping on KosLo's online vehicle marketplace will now be able to calculate vehicle payments and apply for financing directly through the company's website. Powering these new capabilities is Dealertrack’s Digital Retailing solutions.
Read More →Auto/Mate announced this week plans to integrate Traffic Control’s customer relationship management (CRM), internet lead management (ILM) and employee activity management (EAM) systems into its own dealership management system (DMS).
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