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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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ADT Magazine
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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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Billed as a product designed to bring the F&I process into the Digital Age, F&I Connect allows dealers to promote their F&I products and prices to customers in a controlled online environment.
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The new device, which Panasonic describes as the first fully rugged detachable laptop, will be available in February 2016 for an estimated price of $3,099.
Read More →For the second time, the bureau rejected the association’s request for internal documents acknowledging the agency’s intent to regulate the auto finance market through enforcement action, and eschewed evidence that its methods for estimating disparate impact were deeply flawed.
Read More →John Felice, who served as director of Ford's fleet sales unit, has joined the global automotive professional services and technology company as a senior partner.
Read More →JM Family lands at No. 47 on Fortune and Great Places to Work’s list of 50 Best Workplaces for Diversity. The company also ranked No. 9 on Essence’s list of 10 Best Workplaces for African Americans.
Read More →Jeff Wyler Clarksville will repay more than 4,000 customers who paid a document fee the state attorney general said violated Indiana’s Motor Vehicle Dealer Unfair Practices Act.
Read More →Operation Collection Protection has resulted in 115 total actions against debt collectors this year, 30 of which were announced during the FTC’s press conference to announce the multiagency initiative.
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Hyundai plans to launch six new models by 2020 under its Genesis nameplate, which will operate as a standalone global luxury brand.
Read More →While the international dealer group's consolidated per-copy average grew $27 to $1,352 in the third quarter, it's U.S.-based F&I operations saw its per-copy average rise $65 to $1,515. For the first nine months of 2015, the group's per-copy average is $1,529.
Read More →Experian Automotive reported that outstanding loan balances are now up more than 53% from the post-recession low in 2010.
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