Dealers: Page
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OpinionIndustry Voices | Understanding Junk Fees in Auto Financing: Trends and AI-Driven Solutions
Amid an onslaught of regulatory scrutiny, dealers and lenders are increasingly turning to artificial intelligence to ensure accuracy and compliance. AI algorithms can automate fee calculations, ensuring they are accurate and justified.
By Tom Oscherwitz • July 25, 2024 -
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Ally to Dealers: Send Us Every Loan Application You Have
The lender calls on dealers to send finance applications that don’t meet their usual prime-risk credit profile.
By Jim Henry • July 24, 2024 -
Explore the Trendline➔
Courtesy of Toyota Motor North America
TrendlineTop 5 stories from WardsAuto
Automakers are evaluating their long-term strategies, revisiting their product mix, and approach to both retail and manufacturing approach along the way.
By WardsAuto staff -
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Dealerlogix Primed to Boost GM Dealers’ Service Lane Revenues
The cloud-based customer communication platform facilitates everything from appointment setting to billing.
By Alysha Webb • July 23, 2024 -
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The Dealership: Poking Fun at Work While Gaining Viral Fame
Two young professionals at Mohawk Chevrolet in upstate New York take mockumentary videos for a spin with great success.
By Nancy Dunham • July 22, 2024 -
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Dealers May Find EV Buyers Ahead
The next few months will show if consumers respond to lower prices, higher availability, reports J.D. Power.
By Nancy Dunham • July 19, 2024 -
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Lower Incentives May Boost Dealer Profits
High inventories, buyer hesitation force disciplined pricing approach, reports Kelley Blue Book.
By Nancy Dunham • July 18, 2024 -
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Dealers Can Expect More Affordable Used Car Availability
The latest Manheim report shows EVs have the highest depreciation.
By Jim Henry • July 16, 2024 -
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Study: Dealers Should Rev Up Auto Ads
Some ads do score, but those that tell complete stories with likable characters hit home runs.
By Steven Finlay • July 15, 2024 -
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CDK, Other Recent Cyberattacks a Wake-Up Call to Dealers
Testing and updating cybersecurity safeguards are crucial to protect dealerships.
By Alysha Webb • July 12, 2024 -
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Dealers Prepare for Electronic Titles
Programs are underway to ditch paper for faster, safer e-titles.
By Jim Henry • July 11, 2024 -
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Prices Are Still Too High
Incentives and discounts abound, but Edmunds reports new-car buyers are “stretched to financial limits.”
By Nancy Dunham • July 10, 2024 -
Courtesy of WardsAuto
Bringing More Women Into Leadership Roles at Dealerships
Carter Myers Automotive's CEO launches training program for women managers.
By Alysha Webb • July 9, 2024 -
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Warning: Challenging EV Repairs Ahead
BEVs and PHEVs have more expansive repair issues than ICE vehicles, reports J.D. Power.
By Nancy Dunham • July 8, 2024 -
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Column
Control Is the Key to Successful Profit Participation
A dealership can share income from the sale of F&I products with a range of participation models aligned with the dealership’s business needs, strategy and risk tolerance.
By Jeff Strickland • July 5, 2024 -
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Experts Predict Stalled Sales in Q2
Edmunds’ prediction is tempered by optimism over summer sales.
By Nancy Dunham • July 3, 2024 -
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More Dealer-Centric Cyberattacks Likely
Recent breaches “opened the door to other hackers,” says security expert.
By Nancy Dunham • July 2, 2024 -
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Dealers Need ‘Wait And See’ Buyers to Act Now: Cox Automotive
“Interest rates are enemy No.1, according to dealers,” says Cox Automotive’s Jonathan Smoke.
By Jim Henry • July 1, 2024 -
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Free Vendor Software Helps Dealerships Keep Up With Customer Calls Without CDK
Numa offers portion of its platform to dealers at no charge.
By Alysha Webb • June 28, 2024 -
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Higher Car Payments Stretch Budgets
“Dealers see the people affected by inflation who come through their doors,” says TransUnion’s Satyan Merchant.
By Steve Finlay • June 27, 2024 -
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Dealers: Plan Now for a Cybersecurity Attack
Experts discuss recent incidents and how dealers can protect their businesses.
By Alysha Webb • June 26, 2024 -
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Used EV Prices in Freefall
Dealers should plan to discount heavily to clear inventory, reports iSeeCars.
By Nancy Dunham • June 25, 2024 -
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Column
Combat Margin Compression by Controlling Holding Costs
Per-vehicle reconditioning, holding costs bite into profits.
By Bradley Orr • June 24, 2024 -
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Consumer Searches for Cars on the Rise
Increased buyer interest can boost dealers’ sales and profits, reports CarGurus.
By Nancy Dunham • June 24, 2024 -
Courtesy of WardsAuto
EV Sales Surge for Dealers Touting Direct Tax Credit
The key to more sales is showing how the tax credit can lower monthly payments.
By Alysha Webb • June 21, 2024 -
Courtesy of WardsAuto
Dealers Can Win Sales By Understanding Customers’ Insurance Pain Points
Insurance rate increased stall sales, but trust can win satisfaction, brand advocacy, reports J.D. Power.
By Nancy Dunham • June 20, 2024
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