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LendingTree analysts have discovered a correlation between commute times and auto loan balances, finding that car buyers borrow $269 for every additional minute between home and work.
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The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per copy and Lithia Motors’ segment-leading 11% improvement.
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Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt to prolong the economic expansion.
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National Auto Care announced the promotions of Courtney Wanderon to senior vice president of sales and Spencer Wanderon to vice president of sales.
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A new platform integration between PayLink Direct and PCMI Corp. was designed to maximize dealers’ sales and profits by streamlining processes.
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US Equity Advantage has expanded its Orlando headquarters by 40% to accommodate a growing workforce.
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AUL Corp. has promoted Jason Garner to senior vice president of strategic product development and Paul McCarthy to senior vice president of agency and dealer sales.
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Auto/Mate Dealership Systems announced the integration of its dealership management system with Dealer360’s Analytics and CompTrackr solutions.
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Budco Financial’s zero percent payment plan services have been integrated with Darwin Automotive’s electronic menu, digital retail, and customer follow-up platforms.
Read More →Vision Dealer Solutions’ latest integration connects its VisionMenu tool with Constellation Software’s proprietary dealership management system.
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