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Rate Cuts and Economic Relief Create Opportunity for Home Service Providers
Jobber’s 2024 Q2 Home Service Economic Report highlights that the Home Service industry experienced modest growth, primarily driven by an increase in average invoice size. The industry is expected to grow in the second half…
Carbon Credit Warranties Introduced to the Warranty Industry
Howden has launched the first Carbon Credits Warranty and Indemnity insurance policy in the warranty industry, covering the sale of carbon credits for a reforestation project in Ghana by Mere Plantations. This policy enhances trust…
Driving Dealer Profitability
With finance reserve income down nearly 5% since 2019 due to rising interest rates and increased manufacturer incentives, dealers must focus on protection products to maintain profitability. F&I PVR is rebounding, with Q2 2024 outperforming…
New Vehicle Loans Rise as Used Vehicle Loans Decline
Over the last three quarters, new vehicle loans have steadily increased, showing signs of a recovering market, while used vehicle loans have experienced consistent declines over the past two years. As new vehicles require larger…
Resilient Economy Meets Housing Challenges: How High Mortgage Rates and Inflation are Shaping the Market in 2024
The housing and mortgage markets, continue to face significant challenges. As of September, average mortgage rates remain high at 5.47% for 15-year loans and 6.35% for 30-year loans. Although these rates have decreased from over…
