Motor Trader

AUGUST 16, 2024

The Sun newspaper, which is owned by News UK, is gearing up to launch Sun Motors , a car listing and financing platform. Finance compliance is being handled by Nick McDonald & Jon Rix from The Compliance Guys , experts in motor finance compliance. It said it will soon be in touch with dealers to get them on board.

Finance 104

Finance Management Development Dealerships 104

Motor Trader

FEBRUARY 26, 2025

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%).

Finance 66

Finance Buyer Women Dealerships 66

Carscoops

FEBRUARY 26, 2025

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.

Finance 105

Finance Dealerships 105

3 Brothers Autosale

JUNE 16, 2024

When you visit the dealership, the dealer can discuss your car ownership goals and budget and help you find the ride of your desired make, model, and configuration without putting a big dent in your pocket. Expect Greater Reliability and Trustworthiness Car dealerships are established businesses with reputations to uphold.

Finance 130

Finance Repairing Deal Dealerships 130

Shawn Ryder

OCTOBER 8, 2024

Today, artificial intelligence (AI) represents the next frontier of transformation, providing car dealerships with powerful tools to enhance customer engagement, streamline operations, and increase sales. ChatGPT, developed by OpenAI, is leading the way in transforming how dealerships interact with customers and market their services.

Dealerships 105

Dealerships Finance Pre-Qualify Finance Rate 105

Dealers Edge

JULY 22, 2024

On Mobile Select "Play From Browser" More Information: Visit DealersEdge.com/accountingguide Overtime regulations in auto dealerships present a significant challenge due to the diverse and unique array of employees within the organization. In fact it is just a small part of the Chapter devoted to Maximizing Profits.

Dealerships 104

Dealerships Finance Management Automotive 104

AutoDealer Today

APRIL 22, 2024

Company provides auto service agreements and other finance-and-insurance programs to franchise auto dealerships.

Insurance 130

Insurance Finance Dealerships 130

Carscoops

OCTOBER 20, 2024

An employee from a family-run dealership in Florida was convicted of carjacking a customer. In the world of car dealerships, payment disputes typically unfold with a few phone calls to the bank or a stack of paperwork behind closed doors, not in the streets with threats and guns.

Customer 122

Customer Finance Banking Dealerships 122

Best Selling Cars Blog

MAY 27, 2024

Understand what your car financing options are If it has been a while since you last bought a car under finance, it makes sense to familiarize yourself with the subject. Also find out what the criteria are, for example, whether you need a good credit limit to apply for a certain form of financing or if there is an age limit.

Finance 130

Finance Banking Insurance Deal 130

Dealers Edge

AUGUST 5, 2024

In recent years, there has been a quickly expanding trend towards the consolidation of auto dealerships into large auto groups rather than operating as single-location, single-franchise businesses. This methodical approach not only mitigates risks but also maximizes the potential for profitable and sustainable expansion.

Dealerships 104

Dealerships Finance Manufacturing Management 104

Call Revu

MAY 6, 2024

by CallRevu Revealing Sales Potential with Data Analytics In any retail sector, including automotive dealerships, the success of the sales team is gauged by conversion rates and overall numbers. What sets one dealership apart from another in terms of sales performance? ” Leveraging Data for Competitive Advantage J.D.

Sales 105

Sales Retail Dealerships Finance 105

AutoDealer Today

AUGUST 1, 2024

Finance and Insurance forms a pivotal component of the retail automotive industry, operating at the intersection of financial services and consumer protection. As the industry evolves, the role of F&I in shaping customer experiences and driving dealership profitability becomes increasingly significant.

Insurance 130

Insurance Sales Retail Finance 130

Carscoops

JULY 18, 2024

Indiana business running four used-car dealerships agreed to fork over almost half a million bucks to former customers. Indiana regulators sent Honest Abe Auto Sales packing last week, accusing the used-car dealership of an array of deceptive practices. Honest Abe’s has used car dealerships at 4401 N. Keystone Ave.,

Customer 119

Customer Sales Finance Dealerships 119

AutoSuccessOnline

OCTOBER 23, 2024

You have financing, which can slow down the process. As the dealership has become more complex, adding more tools has had virtually zero impact on salesperson productivity. Imagine coming into the dealership in the morning and having a prioritized list of activities you need to get done that day: 1. They fix only one problem.

Dealerships 105

Dealerships Finance Sales Customer 105

Dealer World

JANUARY 21, 2025

Not surprisingly, the majority see room for improvement in the quality of the API integrations between their dealerships website tools and their core platforms. But to do this, auto dealers need solutions that exist in the middle, connecting in-store and online processes, which is precisely the mission of eLENDs middleware platform.

Dealerships 88

Dealerships Finance Retail Management 88

Carscoops

DECEMBER 31, 2024

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.”

Management 122

Management Down Payment Insurance Finance 122

Auto Alert

DECEMBER 26, 2024

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.

Amortization 64

Amortization Dealerships Repairing Finance 64

Auto Remarketing

OCTOBER 16, 2024

This collaborative approach also propels advancements for auto dealerships, their partners, and the customers they serve. AI-powered sales tools : AI is increasingly used for predictive analytics, helping dealerships anticipate customer preferences and behavior.

Technology 96

Technology Dealerships Finance Retail 96

Carscoops

JANUARY 16, 2025

Content from the finance manager’s wife was shared with bosses at the Lexus dealership. A federal judge ruled that he can sue the dealership over being fired for “retaliatory reasons” Plenty of industries have boomed in the post-COVID world, perhaps none more so than the world of homemade adult content.

Management 111

Management Finance Dealerships 111

DealerTrack Insights

AUGUST 13, 2024

Things to think about: Have plans in place to safeguard your dealership against direct fraud loss and costly lender chargebacks as the result of fraud. Things to think about: If your dealership provides financing directly to customers, take note of this regulation and work with your legal counsel to find out how it applies to you.

Dealerships 98

Dealerships Banking Consulting Finance 98

AutoSuccessOnline

NOVEMBER 26, 2024

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.

Customer 95

Customer Finance Dealerships Sales 95

Dealers Edge

JUNE 29, 2024

On Mobile Select "Play From Browser" In addition to keeping track of how the dealership records and reports financial transactions high on the list of Automotive Controller responsibilities is to make sure that the dealership has the cash to operate effectively and at the highest possible performance.

Management 105

Management Banking Dealerships Insurance 105

Carscoops

JANUARY 5, 2025

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

Buyer 116

Buyer Rebate Networking Insurance 116

Dealer World

MARCH 4, 2025

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.

Dealerships 75

Dealerships Retail Management Technology 75

AutoSuccessOnline

MARCH 4, 2025

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.

Dealerships 52

Dealerships Repairing Finance Technology 52

Motor Trader

JULY 9, 2024

DSG Connected, formerly known as Connected Car Finance, has partnered with Auto.Social to deliver AI-powered social media tools and technology to its network of approved used car dealers throughout the UK for free. We look at how we can support your dealership as a whole and look at ways in which we can support you.

Finance 111

Finance Networking Technology Customer 111

Vanguard Dealer Services

FEBRUARY 18, 2025

The timeless art of the customer interview is fading away, as many automotive professionals have veered away from the foundational elements of the finance process in a dealership. The very first step that's being neglected is the all-important customer interview.

Customer 65

Customer Automotive Dealerships Finance 65

Carscoops

JULY 22, 2024

this year, with an average amount of $28,166 being financed. If there’s a sliver of good news for buyers, it’s that CDK Global, a car dealership software company hit by a cyberattack last month, is getting closer to bringing impacted dealers back online. In Q2 2024, the average term for a used car in the U.S.

Down Payment 118

Down Payment APR Finance Term 118

Carscoops

MAY 13, 2024

New financing deals apply to 2023 WRX and 2023 F-150 Lightning models Customers could save over $5,000 through one of these deals Unfortunately, financing rates for 2024 models are not as competitive We have good news for anyone interested in picking up the keys to a Subaru WRX or a Ford F-150 Lightning in the U.S. for a 72-month loan.

APR 105

APR Finance Finance Rate Retail 105

Turbo Marketing Solutions

AUGUST 11, 2024

Navigating the world of AI ethics and regulation in car dealerships can feel like steering through uncharted waters. Through extensive research, expert interviews, and real-world examples from leading dealerships, we have pieced together a guide to help you manage these challenges effectively.

Dealerships 94

Dealerships Finance Technology Customer 94

AutoSuccessOnline

MAY 21, 2024

In the AutoSuccess Executive Spotlight, host Brian Ankney interviews Bill Wittenmyer from DealerOn , discussing the current challenges and strategies for car dealerships. Dealerships are struggling with staffing and performance due to a significant portion of salespeople and managers being new to the industry post-COVID.

Finance 115

Finance Manufacturing Technology Dealerships 115

Drive.com

MARCH 7, 2024

Car dealerships will have access to a new credit line to source electric vehicles, thanks to a new funding package from the Federal Government. An investment of $50 million will be made available to car dealerships, providing them with a credit line to purchase stock of electric cars for their forecourts.

Logistics 144

Logistics Marketing Finance Dealerships 144

Carscoops

JANUARY 11, 2025

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

Down Payment 105

Down Payment Buyer APR Finance 105

AutoSuccessOnline

DECEMBER 23, 2024

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.

Sales 98

Sales Repairing Finance Dealerships 98

Motor Trader

FEBRUARY 17, 2025

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

Finance 94

Finance Repairing Manufacturing Deal 94

Your Car Buying Advocate

MARCH 4, 2025

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.

Gap Insurance 81

Gap Insurance Insurance Down Payment Finance 81

Call Revu

FEBRUARY 28, 2025

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.

Dealerships 61

Dealerships Retail Banking Finance 61