Dealers: Page 18
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ColumnA Layered Approach to Combat Synthetic Identity Fraud
With fraud losses growing rapidly it begs the question: Exactly who should address the issue? The dealer? Lender? Technology service provider? The answer is most likely all of the above.
By Sharla Godbehere • April 19, 2024 -
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Column
Prioritizing F&I Product Sales and Wealth Building
F&I products and wealth-building programs present a valuable opportunity for dealerships to diversify revenue streams and mitigate the impact of market fluctuations.
By Tim Blochowiak • April 18, 2024 -
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Driving Away Profits
Near- and non-prime consumers are still shut out of car buying.
By Nancy Dunham • April 17, 2024 -
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Sales Spring, But for How Long?
As next month’s interest rates and incentives likely blossom, dealer profits may once again stagnate.
By Nancy Dunham • April 16, 2024 -
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Boosting Dealer Sales with CPOs
Toyota gives dealers new tools to keep used car buyers with the brand.
By Steve Finlay • April 15, 2024 -
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It All Comes Down to Dollars
Independent repair shops preferred for lower prices, survey finds.
By Alysha Webb • April 12, 2024 -
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Used Car Buyers Hold Out for Lower Interest Rates
Discounts may be needed to move the metal, reports Cox Automotive.
By Jim Henry • April 11, 2024 -
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How AI Is Powering Digital Contracts and eAsset Management
The industry is looking to leverage the power of artificial intelligence to help address the need for accelerated, automated vehicle loan operations without sacrificing compliance.
By Jessica Gonzalez and Tim Yalich • April 10, 2024 -
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CDK’s New Virtual Assistant Aims Not to Goof Up
A chatbot duped into agreeing to sell a ’24 Chevy Tahoe for $1 is a cautionary tale for auto dealers. Yet many of them are interested in AI.
By Steve Finlay • April 9, 2024 -
Courtesy of WardsAuto
Wyler Automotive Completes First U.S. Virtual Car Sale
The Amazon-style transaction is “groundbreaking,” says e-commerce director.
By Nancy Dunham • April 8, 2024 -
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Expect Dip in Off-Lease Availability, Rise in Wholesale CPO Prices
Drop in lease returns will likely drive up price of late-model used vehicles, says NADA’s Patrick Manzi.
By Jim Henry • April 5, 2024 -
Courtesy of WardsAuto
Column
Navigating Downward Pressure on Vehicle Gross Profits
Increasing inventory levels, rising floor plan costs and margin compression are the latest twists in what continues to be a rapidly evolving automotive retail market.
By Pat Reininger • April 4, 2024 -
Courtesy of WardsAuto
Column
How Artificial Intelligence Is Reshaping Loan Applicant Verifications
With AI solutions, lenders achieve automation at scale efficiently, while reducing costs. The solutions also reduce manual processes, support compliance and quality, mitigate risk and deliver significant cost savings.
By Adine Deford • April 3, 2024 -
Courtesy of WardsAuto
Column
Why Inventory Management Is Ripe for A Shakeup
It’s crucial to strike a balance between stocking sufficient inventory to meet demand and avoiding overstocking, which can lead to financial strain.
By Len Short • April 3, 2024 -
Courtesy of WardsAuto
Column
Electrification: Four Key Fixed Ops Implications for Dealers
As EV technology evolves, manufacturers may discover issues that warrant safety recalls, placing the onus on dealerships to address these issues promptly with the end consumer.
By Jim Roche • April 2, 2024 -
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Sales Leads Caught in the Web
“Industrywide performance improved substantially,” Pied Piper’s Fran O’Hagan says of responsiveness to customers' online inquiries.
By Steve Finlay • April 1, 2024 -
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How Low Will They Go? Dealers Face Plunging Profits
Speakers at NADA’s Auto Forum tackle high inventories, low gross profit concerns.
By Jim Henry • March 28, 2024 -
Courtesy of WardsAuto
Column
Digitizing Auto Lenders’ Securitized Collateral Assets
By leveraging smart contracts and digitized technology, stakeholders can automate the creation, execution and enforcement of contracts. This not only reduces the time required for deal execution but also minimizes the potential for errors and disputes.
By Tim Yalich • March 28, 2024 -
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Dealers’ Body Shops Repair Bottom Lines
Consultants warn the endeavor is not without headaches.
By Alysha Webb • March 28, 2024 -
Courtesy of WardsAuto
CheckMyDriver Accelerates Accurate, Confidential Insurance Verification
CheckMyDriver Accelerates Accurate, Confidential Insurance Verification
By Nancy Dunham • March 26, 2024 -
Courtesy of WardsAuto
NADA Partners to Provide Cars, Change Lives
The collaboration allows four DC-area residents to own cars, build credit.
By Nancy Dunham • March 25, 2024 -
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From Mom-and-Pop Car Lot to Major Dealership Group
In a WardsAuto Q&A, Car Pros CEO Matthew Phillips tells how he became a megadealer.
By Steve Finlay • March 22, 2024 -
Courtesy of WardsAuto
Smartphones Become Automated Vehicle Inspection Systems
ACV’s ClearCar digital tool speeds vehicle valuation.
By Steve Finlay • March 21, 2024 -
Courtesy of WardsAuto
Wait Times Throw a Wrench in Service Satisfaction Scores
Wait times continue to grow and show no signs of changing, reports J.D. Power.
By Nancy Dunham • March 20, 2024 -
Courtesy of WardsAuto
New Car Prices Stall Sales
Average transaction prices dip as incentives grow.
By Nancy Dunham • March 19, 2024
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