Latest Figures on Lease Credit Approvals Showing an Increase for July
Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
Giving your employees both the tools and authority are vital components of the delegation process.
New partnership to enhance GPS security options.
DealerPeak feels well positioned to help dealerships bring customers back to lots as sales recover from the chip shortage this summer and bolster their service business as retail demand wanes.
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
As dealers are in the thick of a busy car buying season, complementing high-quality customer service with digital solutions can be a promising force in their journey to make one of the biggest purchases of their lives.
Independent dealers are securing sought-after vehicles despite tight inventory.
Brands with unfavorable lease policies continue to see lower brand loyalty.
Despite the limited inventory on dealer lots, dealer lanes continue to have higher volume at auction, while manufacturers’ remarketing lanes are offering less and less in open sales channels.
Last month we noted that the record run of value increases we have seen over the past 18 months appeared to be slowing down and possibly ending.
As wholesale prices started to decline in July, the seasonally adjusted Retention Index reversed the trend for the first time this year and decrease to 161.8 points.
If you’re trying to sell to Generation Z buyers, new data shows they have a radically different mindset from millennials and all buyers overall, requiring businesses and sales professionals to adjust tactics to close the deal.
Binary Automotive Solutions new marketing collateral delivered free of charge to dealer partners include place mat laminates, custom stickers and animated videos.
Ed Morse Automotive Group purchased Donaghe Buick GMC at 4205 I-30 Frontage Road and Donaghe Ford at 4001 I-30 Frontage Road.
Transaction marks 119th Kerrigan-led dealership sale since 2014.
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