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In this month's Under the Hood, Editor Hannah Mitchell examines a question many auto dealers have been asking since Federal Trade Commission enforcement intensified this year.
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As we move into the Fall season, wholesale prices began to show a positive movement once again and reached the highest point of the year last week.
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Lease credit approvals reached 71.3% in August; Up from 70.0% in July.
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To be the better, more profitable dealer, know your products.
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Dealers should have an available vehicle service contract which mirrors the coverages available under the manufacturer CPO warranty.
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Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
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Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
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AutoPay+PERKS combines US Equity Advantage’s biweekly loan payment service with an incentive to encourage car buyers to have service work performed at the selling dealership.
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Report by Protective Asset Protection illustrates how the pandemic has reshaped F&I product strategies for dealers in 2021.
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If you struggle with green salespeople and how they interact with you and the F&I process, invite them to your next menu disclosure — it might just help the new salesperson go from green to great.
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August will be a fourth consecutive month of slowing sales and looks to be coming in even lower than our forecast of 1.2 million, a 9% decline from August 2020.
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