Presidio-NCM reports U.S. franchised dealers enjoyed a 3.7% year-over-year increase in net pretax profit in the first quarter following three straight years of post-pandemic losses. +
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. +
Herb Chambers will pay $11.8 million to settle allegations that eight of his companies improperly obtained federal COVID-19 relief funds. Executives and attorneys blamed confusion over shifting guidelines. +
WardsAuto’s Alysha Webb offers tips dealers can use to counter an expected shortfall of more than 1 million off-lease units and help prevent future shortages. +
The latest Haig Report reveals a decline in buy-sell activity as blue sky values remain above pre-pandemic levels. +
