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Navigating the Future: Tech-Driven Strategies in Automotive Retail
The automotive sector is evolving, with dealers turning to technology-driven acquisition strategies to tackle inventory challenges and stay competitive. Tools like AI and predictive analytics are revolutionizing inventory management and supply chains, enabling smarter, data-driven…
F&I Industry Insights and Implications for Administrators and Agencies
📈 Key Trends from Q3 2024: What It Means for Administrators and Agencies:As the market evolves, F&I administrators and agencies must continue to differentiate themselves through product innovation, operational efficiency, and alignment with dealership priorities….
The State of Subprime Auto Finance: Challenges & Opportunities in 2024
The auto finance market is at a critical juncture, with affordability concerns, negative equity, and rising delinquencies reshaping consumer and lender dynamics. For business owners in the auto finance and dealership sectors, understanding these shifts…
Rising Warranty Costs: A New Era of Opportunity?
Several leading U.S. equipment manufacturers are experiencing rising warranty costs, but are reducing warranty accruals on their financials (less set aside for future claims). However, companies like Paccar report growth in amortized revenue from extended…
Auto Sales Surge Fuels Demand for Smarter Reconditioning Software Solutions
Cox Automotive’s latest forecast reveals U.S. auto sales are expected to grow by 2.2% in 2024, reaching 15.8 million units—a clear sign of sustained market momentum. With used-vehicle sales projected to rise another 1% in…