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New-Vehicle Financing Hits Record
Consumers are seeking ways to make financing new-vehicle purchases manageable, from extended loan terms to smaller down payments, according to Edmunds.
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SEARCHMENUSEARCHConsumers are seeking ways to make financing new-vehicle purchases manageable, from extended loan terms to smaller down payments, according to Edmunds.
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The best way to ensure that your staff maintains compliance is through proper training.
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It’s easier than ever to get credit, if you can find a vehicle, says Andy Mayers of Cox Automotive.
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As more dealerships embrace this change and leverage flexibility, agility, and a changing F&I product makeup, they will not only sell more vehicles, but they’ll also sell more F&I product options that truly satisfy their shoppers’ needs.
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As calendar year 2021 comes to a close, wholesale prices continue to rise, and noticeable differences can be seen compared to prior calendar years.
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Experian’s "State of the Automotive Finance Market: Q3 2021" report finds delinquencies remain lower than pre-pandemic levels.
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Don’t let lame excuses for non-compliance derail your dealer’s efforts.
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Few people have a crystal ball showing when this eventual shift in preference to EV vehicles will take place. However, based on the actions of vehicle manufacturers and governments, we know this is where the industry is headed.
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While the precise outlines of the CFPB’s agenda are unknown, best practices will continue to be transparency, disclosure, and a full CMS to mitigate your risk and provide consistent and demonstrable compliance over time.
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While it’s a good sign that approval percentages continue to climb, we are still far below the levels we saw before the pandemic.
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Presented by F&I and Showroom magazine and sponsored by Spectrum Automotive Holdings, the annual awards program recognizes dealerships with highly profitable F&I departments.
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