Average New-Vehicle Prices Up 4% Year-Over-Year in May 2020
According to Kelley Blue Book, incentives, inventory levels, and pickup truck market share contribute to gain; however, these levels are not sustainable.
According to Kelley Blue Book, incentives, inventory levels, and pickup truck market share contribute to gain; however, these levels are not sustainable.
The automotive industry has seen an unprecedented loss in sales over the past few months and F&I departments are facing serious challenges amidst these losses. We spoke with five leaders in F&I training, and they shared their thoughts, advice, and predictions on what to do today to help prepare for tomorrow.
We’ve all heard scary stories of identity theft and the stolen cars resulting from it. We need to slow down to speed up and use all the tools in our arsenal to prevent identity theft.
Dealerware has been named the preferred provider by Jaguar Land Rover Canada to power its courtesy vehicle program.
According to a forecast released by Cox Automotive, new light-vehicle sales volume in May is expected to finish near 1,050,000 units, down 33% compared to last May but up 49% from last month.
With digital transactions rising, new dealer and transporter solutions offer enhanced vehicle tracking, connections.
Due to a multitude of factors, including vehicle sales, household debt and unemployment, automotive lenders will be affected differently depending on their market segment and their loan origination process.
Autotrader announced the 2020 Best Non-Luxury and Luxury Certified Pre-Owned Programs for 2020. Since today’s car shoppers are focused on value and affordability, CPO is a perfect option for a cheaper vehicle that has a manufacturer-backed warranty.
Understanding the differences in target audiences, their feelings about brand, loyalty, preferences, and shopping habits is vital for success.
New feature allows dealership customers to pay ROs & parts invoices remotely.
David Jorgensen announced as co-owner and President of new division.
Portfolio's reinsurance website was redesigned to offer dealers and agents an intuitive, interactive experience in a mobile-friendly format.
The F&I Providers Relief Fund for F&I Managers raised more than $500,000 in only about a month – half of its $1 million fundraising goal – but the board is still looking for donors to meet the overwhelming need for financial assistance grants to F&I managers.
Black Book recently published an update to their COVID-19 Market Updates.
As vehicle margins continue to compress, dealers need to differentiate themselves beyond vehicle prices and offer consumers a premium experience. An excellent reputation and finding the right vendor to manage it are vital first steps.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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