Tag: interest rates
Auto Loan Interest Rates Continue to Soar
Auto loan interest rates continue to go up, according to a recent Edmunds analysis, with rates reaching their highest in a decade. Looking at...
High Prices and Concerns over Tax Refunds Cause Auto Sales to...
As the nation goes through yet another winter freeze, the cooling effect seems to have also extended to the auto industry. Overall sales in...
Combating Rising Interest Rates, Managing Vehicle Inventory, and Reducing Your Margin...
Every dealer knows that as your vehicle assets depreciate, your profit margins begin to shrink. The two major causes of inventory depreciation? Age and...
Economic Trends Indicate that 2019 will be a Good Year for...
During the recent NADA Show in San Francisco, National Automobile Dealers Association senior economist Patrick Manzi held a press briefing to outline the economic...
Will Strong Car Sales Continue in 2019?
Ebbs and flows in the market are expected. 2019 shows to be the start of a market retraction after. After hitting a peak of...
How GM’s Layoffs will Affect the Auto Industry in 2019
GM announced last week that it would close five factories and lay off nearly 15,000 workers in a move that may be indicative of...
3 Hot F&I Topics for 2019 and Tips to Be Ready...
As 2018 draws to a close, dealerships already have an eye on the potential issues that could be facing them in the new year,...
For a Limited Time, 0% Interest is Back on the Table
Once a dealership staple, the 0% interest auto loan is quickly becoming a thing of the past. Zero-interest was an alluring auto boom incentive....
Reasons Why Used Cars Have a Stronger Appeal than Ever
According to Edumunds.com and other experts in the industry, used car sales are expected to continue rising through 2020. An estimated 39 million used...
Dealing with Higher Interest Rates – 3 Tips to Help F&I...
Dealers seem to be getting a lot of bad news these days. Tariffs threatening to increase the prices of new cars, sales slowing down,...
