Dealers set a new quarterly record with $1,769 in average F&I income per vehicle retailed, partially offsetting an 11.8% slide in franchised dealership profitability. +
Edmunds reports the Toyota Tundra led all trade-ins in average negative equity in a Q2 list filled with models regarded as strong residual value performers. +
Fidelity Dealer Services of Northern New Jersey joins the EasyCare brand with the latest in a series of agency acquisitions announced by APCO Holdings. +
“‘Mid’ is in,” say Kelley Blue Book analysts in their latest monthly report, which finds smaller SUVs contributing to a sub-$50,000 average transaction price. +
EFG Admin Solutions was designed to deliver faster time-to-market and expanded offerings while facilitating entry into new markets and accelerated growth. +
Dealertrack’s Credit Availability Index rose to 104.6 in June, registering its biggest increase so far this year and its highest mark since December 2015. +
Dealer Performance Group will operate under the EasyCare brand following APCO’s second major Southeast agency acquisition in as many months. +
A new partnership will connect Protective Asset Protection’s F&I products and dealer services with the American International Automobile Dealers Association’s 9,400-plus U.S. members. +
VantageScore’s new credit scoring model promises better auto loan predictions with post-pandemic data and proprietary, AI-powered GAIN attributes. +
Edmunds analysts say affordability pressures are pushing U.S. new-car buyers to borrow more, put less down and pay more each month. +
