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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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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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To help car buyers find the best, highly-rated, value-oriented and well-equipped vehicles, the experts at Autotrader recently named the 10 Best Used Cars of 2020 that are great alternatives to a new car.
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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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Credit approvals see significant rebound from April rates.
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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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