Wednesday, May 1, 2019

TOYOTA: Brand slips 4.8%, Lexus down 1.3% despite boosts from RAV4, UX

TOYOTA: Brand slips 4.8%, Lexus down 1.3% despite boosts from RAV4, UX http://bit.ly/2XW9rmz

Toyota brand sales fell 4.8 percent in April to 162,506 as a large decline in sales of the Corolla dragged down record results from both the RAV4 and Tacoma.

Public new-vehicle retailers boost F&I profit per vehicle

Public new-vehicle retailers boost F&I profit per vehicle http://bit.ly/2GTJtue

Higher F&I product sales and partnerships with both vendors and lenders bolstered F&I profit per vehicle for the nation's largest public retailers, though a changing sales mix from new to used vehicles could put pressure on F&I profit down the line.

Why Penske's F&I profits shine less

Why Penske's F&I profits shine less http://bit.ly/2Y4kzhn

Penske routinely ranks the lowest in F&I per vehicle among its public dealership peers. High F&I profit per vehicle is largely driven by F&I product sales and training, but that's not all that's behind it.

Service contract provider AUL to offer suite of F&I products

Service contract provider AUL to offer suite of F&I products http://bit.ly/2GTJ1MyAfter nearly three decades of offering service contracts for new and used vehicles, AUL Corp. is expanding to a full suite of F&I products, positioning the company as a single-source F&I provider.

FCA, Toyota sales fall; Honda posts gain

FCA, Toyota sales fall; Honda posts gain http://bit.ly/2GQE85v

FCA and Toyota Motor posted lower April U.S. sales while Honda managed a slight gain in a month that is expected to see the industry post its first gain of the year, helped in part by an extra selling day. Lower retail volume will be offset by higher fleet shipments, analysts say.

Tuesday, April 30, 2019

CDK's Q3 revenue climbs on improved dealer retention

CDK's Q3 revenue climbs on improved dealer retention http://bit.ly/2J59mc3

The company grew its dealer sites for the first time in 10 quarters.