F&I gross profit per vehicle down for 4 of 6 publics in Q4

F&I gross profit per vehicle down for 4 of 6 publics in Q4 https://ift.tt/ReZPY7m

Same-store finance and insurance gross profit per car sold fell at four of the top six franchised auto dealership groups in the fourth quarter compared with a year earlier. AutoNation was the only major new-vehicle public retailer to grow F&I profit per vehicle retailed in full-year results.

Dealers, lenders say AI decisioning leads to inaccurate digital auto retail quotes

Dealers, lenders say AI decisioning leads to inaccurate digital auto retail quotes https://ift.tt/rVZH9wE

Ninety percent of car dealers and lenders feel the use of artificial intelligence to evaluate consumer creditworthiness has led to shoppers receiving inaccurate initial car payment quotes, according to a December poll by auto finance software provider eLEND Solutions.

Guest commentary: Buying a car should be like boarding a plane

Guest commentary: Buying a car should be like boarding a plane https://ift.tt/lUMAQ0y

When airports get busy and the security line backs up, they don't skip steps. Dealerships are sometimes different. The busier they become, the more frequent some of the steps are skipped.

2024 Automotive News Dealer Census

2024 Automotive News Dealer Census https://ift.tt/rwunZoP

Some automaker initiatives to reduce store counts proved strong last year.

Jaguar assembly lines go dormant in June, but stockpile to keep dealers supplied until next year

Jaguar assembly lines go dormant in June, but stockpile to keep dealers supplied until next year https://ift.tt/IushDlY

JLR is planning a tightly managed transition from the current lineup to a new one that aims to keep Jaguar dealers from running out of new vehicles.

Audi partners with Costco on new incentive program

Audi partners with Costco on new incentive program https://ift.tt/jeLoXTP

The specials are highest on some of the German luxury brand's electric vehicles and big sedans.