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Newsby StaffMay 24, 2021

NextGear Capital Unveils First Floor Plan Designed Specifically For New Dealers

“First Gear” helps meet the challenges of getting a used car dealership up and running.

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Newsby StaffMay 24, 2021

Toyota, Honda, General Motors Finish 1-2-3 in Annual Working Relations Study

Four of the six major U.S. and Japanese automakers improved their scores; Two automakers worsened. 

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Newsby StaffMay 18, 2021

Black Book: Weekly Market Insights

New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.

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ArticlesMay 13, 2021

You Know What They Say About Assumptions…

Assumptions are a dangerous byproduct of our industry and we all need to check ourselves when it comes to stopping an idea in its tracks based on emotional biases and unsupported knee-jerk reactions.

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ArticlesMay 12, 2021

Best Practice for Optimizing Service Absorption and Dealership Profitability

Increasing a dealerships service absorption begins with the reconditioning for its used car inventory and ends with the timely service marketing of those customers.

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Newsby StaffMay 6, 2021

Used Vehicle Retention Index Shows Another Increase

The Black Book April Retention Index broke yet another record, reaching 152.4 points.

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Newsby StaffMay 5, 2021

Rental Car Companies Scoop Up Used Cars as Chip Crisis Worsens

As the semiconductor shortage slashes vehicle production, rental car companies are taking extreme measures to bolster their fleets. The businesses are buying used vehicles at auction.

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Newsby StaffMay 4, 2021

Weekly Market Update Report

Retail inventory levels, new and used, continue to be a challenge and the limited availability of quality vehicles in the wholesale market is also proving to be a challenge for buyers.

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Newsby StaffMay 3, 2021

NextGear Capital’s Enhanced Account Portal Makes Floor Planning Easier for Independent Dealers

Enriched features help dealers save time, puts account information at their fingertips.

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Newsby StaffApril 28, 2021

Cox Automotive Update: Strong Retail Sales Forecast For April

The Cox Automotive Industry Insights team is forecasting a sales pace of 16.5 million in April, down from the surprise 17.7 million in March, but a healthy number nonetheless. 

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