Wolters Kluwer reports the rate at which dealers and auto finance sources are adopting digitized contracting and documentation workflows improved by 1% from the prior quarter and 2.2% year-over-year. +
StoneEagleDATA reports U.S. dealers made an average of $242,283 in total F&I income in the first quarter, an all-time record exceeding the post-COVID boom of 2021, despite generating fewer deals per rooftop. +
Plug’s new Trade Desk app was designed to help dealers accurately and efficiently determine the trade-in value of EVs produced by other manufacturers and generate market-rate wholesale offers. +
Can dealers offer a lower APR to customers who buy service contracts? From a compliance perspective, it’s possible, but it’s complicated. Attorney and Mosaic Compliance Services CEO Jim Ganther explains.
Cox Automotive and Kelley Blue Book report March was a good month for new vehicle affordability as sales surged, income growth improved and transaction prices and payments declined. +
Volkswagen will not raise U.S. new vehicle prices through at least the end of May, joining a group of manufacturers who have announced discounts and freezes as tariffs on imported vehicles take effect. +
Director Fan Jin told attendees of this week’s J.D. Power Forum that U.S. car shoppers can now lease new Hyundais from Amazon Autos, which is stocked with inventory from dealer lots. +
Southeast Toyota Finance’s Casey Gunnell Jr. will succeed the retired Bill Shope as president while Charles Gruszczynski and Michael Hollis have been promoted to group vice president. +
Dealertrack (div. Cox Automotive)’s All-Loan Index improved to 96.4% in March, a 3.1% year-over-year gain and the highest level of auto loan access since December 2022. +
Sen. Bernie Moreno’s USA CAR Act would allow buyers of American-made vehicles to deduct interest paid on their auto loans, formalizing a tax policy repeatedly floated by President Donald Trump. +
