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Dealers who do not have SAF (Specialist Automotive Finance) or equivalent approval in 2025 will be unable to offer finance through any lender who is a Finance & Leasing Association (FLA) member and complies with the FLAs Lending Code, of which Tandem is one. Im afraid there will be no extensions or exemptions.
Legal expert Professor Henry Blair of MILS has looked at an up and coming Supreme Court ruling that could trigger an FCA redress scheme for motor finance and the impact it could have on dealers The Supreme Court hears the Johnson, Wrench, and Hopcraft appeals on 13 April 2025. And dealers could be impacted.
One dealership in South Australia is offering three years of free servicing for both front- and all-wheel drive X-Trail ST-L variants until the end of November, in addition to a national finance deal. percent finance rate until the end of November, with a maximum loan term of 36 months.
Let’s break down what happened and how it might affect car finance customers. If you’ve ever financed a car through a dealership, there’s a chance you may have unknowingly paid more than you should have. But that’s about to change, thanks to a recent court ruling that’s shaking up the car finance industry in the UK.
Arranging motor finance is the biggest bugbear for customers when it comes to buying a car. In contrast, consumers said the best part of the buying experience is the handover (71%), followed by test drives (62%) and viewing and comparing cars in dealerships (54%).
Upstart announced the largest and most significant set of product enhancements to the in-store and financing solutions on its Auto Retail platform. The enhancements empower dealerships to more easily configure and efficiently manage the sales process, desk deals, streamline financing workflows and close sales more quickly.
A Florida man crashed into a BMW dealership showroom in Gainesville on Tuesday. The legend of Florida man continues to grow as a 20-year-old went to a BMW dealership in Gainesville to buy a new M4 CS , a 543-horsepower coupe that costs north of $125,000. The crash resulted in approximately $60,000 in damage as well as criminal charges.
Why Financing Through A Dealership Is Better Than a Bank A lot of people are aware that Davey Auto Sales has one of the most diverse inventories of pre-owned cars, trucks and SUVs, as well as one of the most respected sales teams in the area. So, why is financing through a dealership better than financing through a bank?
announced its auto financing product has reached a major milestone: partnering with more than 1,000 franchise and independent dealerships nationwide. Responsible Lending: The program prioritizes financing vehicles essential to everyday life, offering conservative loan-to-value ratios, competitive rates and robust risk management.
The integration, which is set to launch in Q2 2025, will enable dealerships to convert more repairorders by utilizing the Reynolds Retail Management System and Sunbit’s financing technology to leverage real-time data and prescreen customers at different stages of the service journey.
A news crew investigating a used-car dealer was assaulted by the dealership manager. Reports reveal he is also accused of embezzling $144,454 from a previous dealership. Sometimes, the more you dig, the messier it gets, especially when it comes to shady car dealerships. Do not go to dealership.”
Finding affordable and reliable used car financing in Fredericksburg, VA can be challenging, but Car Cloud Auto Group makes it simple. Located near Fredericksburg , our dealership specializes in helping customers find financing solutions tailored to their needs. Why Choose Car Cloud Auto Group?
Today’s customers are increasingly resistant to answering phone calls from businesses, especially car dealerships. To connect more effectively with potential customers, many dealerships are adopting a text-first strategy, which aligns better with modern communication habits. This approach sets a positive tone for the interaction.
Key Metrics to Track in 2025 for Dealership Success Dealership metrics are measurable quantities used to evaluate performance and drive decision-making. They are essential for tracking every process that keeps your dealership running smoothly. Lead Conversion Rate: Tracks the percentage of leads that turn into buyers.
Car dealerships don’t exactly have a squeaky-clean image to begin with, and stories like this one aren’t doing the industry any favors. If the lawsuit succeeds, the dealership group could be on the hook to reimburse customers for these shady practices. More: Texas Sues GM For Illegally Selling 1.8M
With the cost of financing skyrocketing, analysts are advising potential buyers to consider alternatives, such as used cars or new EV leases, to keep their budgets in check. in Q4 2023, a small consolation for those financing record-high amounts. New Car Finance Data (Averages) Metric 2024 Q4 2023 Q4 2024 Q3 Loan Term 68.8
In todays digital world, automotive dealerships must prioritize creating a seamless customer journey on their websites. In this blog post, well explore best practices for designing an effective dealership website that creates a smooth customer experience. Easy Financing Options A common barrier in the car-buying process is financing.
Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. When you’re buying a car, especially for the first time, the terminology used at UK car dealerships can feel overwhelming. APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage.
Bob and Brian discuss APC s post-sale service contract program, which aims to offer service contracts to customers who either declined them during the finance process or are using the dealership’s service department without one. These communications, far from intrusive, are tailored to customer needs.
In this AutoSuccess Executive Spotlight, Steve Lindsay of ZipDeal and Lindsay Automotive discusses how a structured pre-delivery system can streamline the often chaotic process between closing a car deal and finance. Beyond sales, ZipDeal helps dealerships build long-term relationships with customers.
Week 1: Learn the Ropes In your first days on the job, understanding how your dealership operates is key to becoming a successful car salesperson. Start by getting familiar with the dealership layout. Learn where everything isshowroom, service department, finance offices, used car lot, customer lounges, etc.
Sunbit announced it had achieved more than 50% market share among authorized automotive dealerships in the U.S., million auto dealership customers get back on the road and stay there. Over 90% of people who applied for financing through Sunbit technology were approved, and more than 75% decided to move forward with the financing offer.
For example, AI-driven predictive analytics can help dealerships fine-tune stock levels by analysing real-time demand data, ensuring the right vehicles are available at the right time without excess inventory burdening the balance sheet. Many dealer groups have AI on their agendas, and its applications are multifaceted.
West Yorkshire based car dealership, Cars 2, has been sold by its Shareholders to an Employee Ownership Trust (EOT). The deal was advised on by Castle Square Corporate Finance and Freeths, with funding from Barclays. This story continues at Cars 2 sold to Employee Ownership Trust Or just read more coverage at Motor Trader
6 Ways to Improve Dealership Lead Quality Fast Learn 6 effective ways to improve dealership lead quality fast. Building Relationships & Loyalty High-quality leads make or break a successful dealership, and finding and nurturing them is a continuous practice. Attract high-value customers and close more deals with this guide.
As dealerships face increasing pressure to optimize inventory, reduce risk, and drive profitability, AI and machine learning are providing new ways to automate decision-making and enhance operational efficiency. Using AI-powered assistants to handle dealership customer inquiries and internal reporting.
Paying for gap insurance through the dealership often includes added interest, so checking other providers is a wise decision. You don’t need to buy it in the finance office if you’re unsure if you need it. Look for alternatives to dealership options. Imagine you finance a car.
The Growing Cybersecurity Threat in the Automotive Industry As Security Intelligence explains, a huge majority (85%) of surveyed dealerships note cybersecurity as one of the most important aspects of operation. Some 84% of customers say they would not buy another vehicle from a dealership if a breach compromised their data.
In a competitive marketplace where customer satisfaction is crucial, auto dealerships must evolve to stay ahead. A key strategy to solve this leadership challenge is unifying your Sales, Finance and Insurance (F&I), and Service Departments.
When data from sales, finance and aftersales is connected, dealers can build a 360-degree profile that reflects purchase history, servicing behaviour, and communication preferences. Robotic process automation (RPA) reduces errors in routine tasks such as finance approvals and service bookings.
As car dealerships in Chevak look to maximize their visibility and attract more customers, embracing digital marketing becomes a crucial strategy. At Shawn Ryder Digital, we recognize the unique dynamics of the local market and have tailored digital marketing solutions designed specifically for automotive dealerships.
Matt Bowers Group, owned by Matt Bowers, operates six dealerships located across Louisiana, Alabama, and Tennessee. This transaction represents Kerrigan Advisors 283 rd dealership and 133 rd franchise sold in the South since 2015 and the 79 th franchise sold this year. Bohn in 1924 in New Orleans.
In today’s fast-paced digital environment, car dealerships in East Durham, New York must leverage innovative marketing strategies to stay competitive. With the influx of potential customers searching for vehicles online, a robust digital marketing strategy can provide dealerships a distinct edge.
The Truth About Online Car Buying: How Dealerships Can Compete Is online car buying the future? Learn how dealerships can compete with digital trends and win customers who still want a personalized experience. Here’s what you’ll find in this article: The Rise of Online Car Buying How Dealerships Can Compete 1.
For dealerships, it’s a windfall. Related: Dodge Charger Daytona EV Shows Its New Colors As It Gets 0% Financing Deal The investigation revealed the base Charger Daytona has a before-options MSRP of $57,995, but an invoice price of $55,096, meaning the dealer will pocket $2,899 from a straight cash sale. For buyers?
In todays highly competitive automotive industry, car dealerships in Pleasant Hope, Missouri, must leverage the power of digital marketing to stand out and thrive. In this blog, we will explore how local dealerships can benefit from digital marketing practices tailored to the Pleasant Hope market.
Not surprisingly, the majority see room for improvement in the quality of the API integrations between their dealerships website tools and their core platforms. The snapshot survey, which was fielded online by eLEND Solutions among U.S. The snapshot survey, which was fielded online by eLEND Solutions among U.S.
Many first-time buyers enter the dealership with enthusiasm but often leave feeling uncertain or pressured. Heres what first-time buyers wish dealers understood: The Buying Process Feels Overwhelming The sheer number of choicesmakes, models, financing options, warranties, and insurancecan be daunting for first-time buyers.
In todays fast-paced digital world, car dealerships, including those in Muldrow, Oklahoma, can no longer rely solely on traditional marketing methods. With an increasing number of consumers turning to online platforms to research and purchase vehicles, it has become essential for dealerships to establish a robust digital presence.
DAS Technology announced the launch of its new dealership communication solution: the Dealership Tariff Toolkit. How the Dealership Tariff Toolkit Works DAS designed this dealership communication solution as a turnkey resource for dealerships. They provide ongoing insights on the latest news and trends.
Generative AI is often perceived as a threat to human talent, but when used effectively and responsibly, it can become your dealership’s most powerful tool. GenAI has many practical applications that can support dealerships from marketing efforts to the service lane especially when harnessed properly.
Struggling with declining sales, bloated inventories, and razor-thin profitability, both brands are now exploring co-location strategies, allowing dealerships to house Nissan and Infiniti under one roof. According to data from Haig Partners, Infiniti’s 197 dealerships in the U.S. Consolidation.
Car dealerships in Timbo, Arkansas, are standing at a crossroads where the digital landscape meets traditional automotive sales. As more consumers turn to the internet for car shopping, dealerships must adapt. However, as the digital shift continues, dealerships must find ways to augment these traditional methods.
As the automotive dealership industry has long relied on human intuition and historical sales data to guide inventory management decisions, dealers continue to face a constant balancing act: having the right mix of vehicles to meet customer demand without overstocking models that might sit unsold for months.
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