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Polly’s Latest Report Highlights Insurance Opportunities for Dealers

AutoSuccessOnline

According to Polly’s Q4 2024 Embedded Auto Insurance Report , auto insurance rates stabilized in 2024 after two years of steep increases. The average in-dealership insurance quote averaged $199 per month in 2024, a stark contrast to the volatile swings of prior years that saw insurance rate increases vastly exceed inflation.

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Majority of dealers ‘hesitant to sell’ GAP insurance following FCA scrutiny

Motor Trader

The majority of dealers are giving GAP insurance sales a miss in the wake of FCA scrutiny. Many retailers appear hesitant to sell the product, with only around one in ten advertising it to customers. The GAP Insurance investigation has reinforced the importance of transparency, compliance, and customer-centric sales.

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Assurant and Revive sign cosmetic car insurance deal

Motor Trader

Assurant and Revive have signed a new cosmetic car insurance deal in response to increased dealer and motorist interest in car cosmetic products As a result of the exclusive five-year deal, cosmetic car insurance from Revive! Auto Innovations will be offered to over 3,000 UK dealers who retail motor warranty products from Assurant.

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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). The post 2024 Auto Retailer F&I Year in Review What We Learned appeared first on AutoSuccessOnline.

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Safeguarding Customer Data: The Critical Role of Encryption in Automotive Retail

Dealer World

Central to this process is the use of encryption in safeguarding customer data in automotive retail to avoid privacy breaches, and how dealerships can implement encryption to protect their customers and businesses. Customers now expect seamless online experiences, from researching vehicles to completing purchases.

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Mastering the Mindset: Leveraging Psychological Insights for Enhanced F&I Product Sales

AutoDealer Today

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.

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New Car Inventory Growth

DealerXT

According to a joint forecast from [link] and GlobalData , total new-vehicle sales for September 2024, including retail and non-retail transactions, are projected to reach 1,164,900. Rising Inventories and Discounts “Retail inventory is projected to reach 1.8 from 2023 on Adjusted Basis New Car Inventory Growth. This marks a 1.8%

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