
Consumer Outlook on the Rise
Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
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Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
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If the COVID-19 crisis has taught dealers anything, it is that they have a fiduciary duty to their shareholders, employees, and customers, to remain well capitalized in order to survive the next crisis. Stay the course, tweak where necessary, but don’t be so quick to fix what isn’t broken, despite what the disruptors might urge.
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On Monday, The Supreme Court ruled that the structure of the Consumer Financial Protection Bureau is unconstitutional.
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By connecting with the customer and your team, you have the opportunity to make your paycheck and the car buying experience great again.
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Moving to an all-digital format has not slowed dealers’ ability to secure the vehicles they need to grow their businesses.
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While the processes necessary to complete digital remote deliveries have been available for a while, dealers were slowly transitioning from paper-driven to digital. Coronavirus has accelerated that transition in many dealerships.
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Black Book recently published an update to their COVID-19 Market Updates, which includes current wholesale prices & price trends, used wholesale price trends & projections, a look at the retail vertical, new vehicle sales outlook, and used vehicle supply projections.
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In the wake of COVID-19, dealers and F&I managers are wondering what continued impact this pandemic will have on the industry. Black Book’s SVP of data science and VP of automotive valuations, shared their analyses and predictions, of what you and other automotive executives may face as we move forward.
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The latest measure shows values have never been higher, an indication there is rapidly growing demand for used-vehicle inventory.
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Independent Dealer’s Guide outlines changes and best practices for operating through the pandemic.
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