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Haig: Dealerships remain hot properties even as profits and values decline

Auto Remarketing

While demand for dealerships remained strong in the fourth quarter of 2023, dealership profits and blue sky values fell significantly year-over-year, according to research from Haig Partners. Sharply rising inventories and floorplan expense are pushing down profits at most stores. million in 2023,” Haig said.

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NextGear Capital Offers Tips for Independent Dealer Success in 2024

AutoSuccessOnline

Be aware of how much credit you have — especially if you have multiple floorplan lenders — and stay away from hard money lenders who drain a dealer’s cash flow daily. NextGear Capital can help you close more deals and accept more trades while maintaining your cash reserves and keeping your focus on selling cars.

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Four Ways Electronic Reg & Title Processing Can Save Your Dealership Money

DealerTrack Insights

As more and more state motor vehicle divisions adopt electronic registration and titling, dealerships find themselves overhauling their back-office processes to keep up. All of that equals less paper, less fumbling for pens, and a more streamlined process for the dealership and the car buyer.