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Categories: Auto Finance, Dealer Ops, Industry

Twenty-year industry veteran Dan Crowley has joined Auto/Mate Dealership Systems as Southeast regional sales manager.

https://www.fi-magazine.com/352117/crowley-joins-auto-mate-as-regional-manager
Categories: Auto Finance, Dealer Ops, F&I, Industry
Younger  Borrowers Falling Behind in Car Payments

Jerry research reveals their delinquency rates rival those of the financial crisis of 2008 and 2009.

https://www.fi-magazine.com/371398/younger-borrowers-falling-behind-in-car-payments
Categories: Auto Finance, Dealer Ops, F&I, Industry
Interest Rates Stay Status Quo—For Now

Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.

https://www.fi-magazine.com/371160/interest-rates-stay-status-quofor-now
Categories: Auto Finance, Dealer Ops, Industry
Dealers Buying Out More Existing Leased Vehicles to Alleviate Inventory Shortages

New trend helps brands like Honda and Nissan see the value of modernizing their lease policies, reports Swapalease.

https://www.fi-magazine.com/366228/dealers-buying-out-more-existing-leased-vehicles-to-alleviate-inventory-shortage
Categories: Auto Finance, Dealer Ops, Industry
New-Vehicle Prices Take Normalizing Turn

June average price increase least since pandemic began, Cox says.

https://www.fi-magazine.com/371333/new-vehicle-prices-take-normalizing-turn
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
BMW Cuts Margin Forecast for 2022

BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.

https://www.fi-magazine.com/367443/bmw-cuts-margin-forecast-for-2022
Categories: Auto Finance, Dealer Ops, Industry
Cox Automotive: Wholesale Used-Vehicle Prices Unchanged in First Half of June From Seasonal Adjustment

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were essentially unchanged from May after the first 15 days of June.

https://www.fi-magazine.com/368293/cox-automotive-wholesale-used-vehicle-prices-unchanged-in-first-half-of-june-fro
Categories: Auto Finance, Dealer Ops
Used-Vehicle Retention Shows First Decline Since May

Black Book’s Used Vehicle Retention Index ticked downward for the second time in December, but seasonal declines weren’t enough to derail the key metric’s...

https://www.fi-magazine.com/355421/used-vehicle-retention-shows-first-decline-since-may
Categories: Auto Finance, Dealer Ops, Industry
Tesla Launches Cheaper X, S Versions

Models with less range designed to help Tesla compete in heating EV market.

https://www.fi-magazine.com/371690/tesla-launches-cheaper-x-s-versions
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry
Why Are Soft Pulls So Effective Today?

Soft pulls can strengthen consumer confidence and trust in making the right decision, and since they aren’t locked into anything, they can resume shopping...

https://www.fi-magazine.com/368942/why-arent-more-dealers-and-lenders-leveraging-credit-first-soft-pulls


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