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Franchised Dealers Stand to Gain Service Business
Cox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
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SEARCHMENUSEARCHCox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
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Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
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Giving your employees both the tools and authority are vital components of the delegation process.
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Urban Science’s midyear Automotive Franchise Activity Report puts average throughput at 910 new vehicles per store this year.
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Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
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The U.S. Senate passed a $1 trillion infrastructure bill on a bipartisan 69-30 vote. The vote came after months of negotiations and debate.
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Brands with unfavorable lease policies continue to see lower brand loyalty.
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Despite the limited inventory on dealer lots, dealer lanes continue to have higher volume at auction, while manufacturers’ remarketing lanes are offering less and less in open sales channels.
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LMC Automotive expects the semiconductor shortage to cut production in North America by about 452,000 units over the remaining months. The company also expects the chip shortage to impact production by about 1.5 million units.
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Record-breaking buy/sell activity might trim the total number of automotive dealership owners, but it will brighten the future for those left behind.
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Last month we noted that the record run of value increases we have seen over the past 18 months appeared to be slowing down and possibly ending.
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