Dealers: Page 19
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Courtesy of WardsAuto
Rising Insurance Rates Have Buyers Walking Away From New Cars
Dealers’ upfront conversations with customers can lessen insurance sticker shock.
By Alysha Webb • May 1, 2024 -
Courtesy of WardsAuto
Ally Emphasizes ‘Pass-through’ Program
The lender works with dealers to find approval for all possible clients.
By Jim Henry • April 30, 2024 -
Explore the Trendline➔
Courtesy of Kia Corporation
TrendlineArtificial Intelligence
Automakers and dealers alike are increasingly seeing the use case for AI within their operations. Explore some use cases in this trendline.
By WardsAuto staff -
Courtesy of WardsAuto
NADA Group Works to Boost Women in Retail Automotive
Group releases regular content throughout the year – targeting all dealerships and industry levels.
By Nancy Dunham • April 29, 2024 -
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Retail Sales Rise, Fleet Sales Dip in April
J.D. Power expects higher incentives, inventories to dent Memorial Day sales.
By Nancy Dunham • April 26, 2024 -
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Start-Up Aims to Open Up Auto Dealer Floor Planning
“If we deliver floor plan lending in a more efficient way, we’ll ultimately have more lenders for dealers,” says Vero CEO John Mizzi.
By Steve Finlay • April 25, 2024 -
Courtesy of WardsAuto
Tax Season Sparks Sales
Ford, Chevrolet, Toyota, Honda and Nissan account for almost half of all used vehicles sold in March.
By Nancy Dunham • April 24, 2024 -
Courtesy of WardsAuto
Buy-Sell Activity Continues to Surge
Some dealers “are ready to cash in on generations of hard work,” says Erin Kerrigan of Kerrigan Advisors
By Jim Henry • April 23, 2024 -
Courtesy of WardsAuto
The Charge Toward EVs Falters
EV sales slow in the U.S., though some luxury manufacturers score healthy increases.
By Nancy Dunham • April 22, 2024 -
Courtesy of WardsAuto
Column
A 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 -
Courtesy of WardsAuto
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 -
Courtesy of WardsAuto
Driving Away Profits
Near- and non-prime consumers are still shut out of car buying.
By Nancy Dunham • April 17, 2024 -
Courtesy of WardsAuto
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 -
Courtesy of WardsAuto
Boosting Dealer Sales with CPOs
Toyota gives dealers new tools to keep used car buyers with the brand.
By Steve Finlay • April 15, 2024 -
Courtesy of WardsAuto
It All Comes Down to Dollars
Independent repair shops preferred for lower prices, survey finds.
By Alysha Webb • April 12, 2024 -
Courtesy of WardsAuto
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 -
Courtesy of WardsAuto
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 -
Courtesy of WardsAuto
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 -
Courtesy of WardsAuto
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 -
Courtesy of WardsAuto
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 -
Courtesy of WardsAuto
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
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