The latest Presidio-NCM benchmark report finds average F&I income is within $3 of gross profit per new vehicle retailed, which declined for the fifth straight quarter. +
Experts say a near-$4,000 gap between first and last list price proves dealers should treat unsold new vehicles less like products and more like investments. +
The DCWP says CarGurus has deceived consumers by hiding hundreds or thousands of dollars in mandatory fees, down payments and trade-in requirements. +
inride announced the launch of Trade Agent Acquire and the initiation of beta testing on new agents built to seek trades from F&I and service customers. +
Wholesale values fell sharply in the third quarter, forcing Cox Automotive to dramatically revise its year-end forecast from a 2% gain to just 0.2%. +
Acquire Agent was built to engage customers and move the conversation toward scheduling an appointment before they can shop their offer to competing dealerships. +
Edmunds reports new vehicle financing set five new records, including an average amount financed of $44,664 and a $787 monthly payment. +
Billed as an industry first, Ford Pro Advantage offers fleet dealers a two-tiered certified pre-owned program backed by business-friendly warranties. +
Franchised dealerships in America’s largest car market are subject to new rules pertaining to pricing, disclosures, documentation and the establishment of a three-day cooling-off period for used car buyers. +
A new partnership pairs inride’s proprietary inventory sourcing platform with ClearCar, backing every trade-in offer with automated follow-up. +
