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2024 Auto Retailer F&I Year in Review — What We Learned

AutoSuccessOnline

As we reflect on the 2024 automotive landscape, its clear that dealerships faced a year of significant challenges and transformations, particularly in finance and insurance (F&I). This may involve reassessing reinsurance programs, exploring new profit participation structures or adjusting long-term investment strategies.

Retail 40
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Which used cars hold their value the best?

Drive.com

As previously reported by Drive , a recent study by the insurance comparison website Compare the Market – which took into account insurance quotes from July 2023 to July 2024 – found that the Toyota Corolla hatchback was the most popular model in the country, regardless of demographic.

Retail 96
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Have You Ever Refused or Advised Against Selling a Car Because It Was Too Risky for a Teenager?

Shawn Ryder

This discussion draws from various factors including safety records, vehicle reliability, insurance costs, and the long-term implications of such a purchase. Understanding the Risks of Teen Drivers Teenagers are among the most vulnerable driver demographics.

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Targeted Leads in the Automotive Industry: Effective Marketing Strategies

Turbo Marketing Solutions

By specifying demographics, job titles, company size, and geographic locations, you can ensure that your marketing efforts are focused on reaching the right people in the right places. Consequently, this targeted approach can yield better results in terms of lead conversion and sales. First things first: Define Your Ideal Customer.

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The Impact of Ride-Sharing Services on Dealership Sales

Shawn Ryder

Studies have indicated that the availability of these services correlates with a decrease in individual car purchases, especially among younger demographics and city dwellers who might have previously aspired to own a car. Economic Considerations Influencing Car Purchases Economic factors play a crucial role in this shift.

Sales 52
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The Impact of Subscription-Based Models on Dealerships

Shawn Ryder

Unlike traditional ownership or leasing, car subscriptions offer consumers the flexibility to access vehicles on a short-term basis, typically through a monthly fee that covers maintenance, insurance, and sometimes even fuel. Moreover, there is the risk of cannibalizing traditional sales channels.

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Lifestyles of the rich and famous: We put a supercar on a superyacht

Drive.com

The insurance of loading the car onto the boat is covered by the tow truck company, and if the sea is too choppy for having a car on board, we would have to make other plans,” the spokesperson explained. “We see a slightly older demographic that is looking at buying these.