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F&I Showroom Magazine
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Gas prices hit an all-time high of a national average of $4.67 on June 1, driving consumers to consider electric vehicles, hybrids and smaller, more fuel-efficient gas-powered models.
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The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.
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The shortage of traditional wire harnesses could accelerate automaker plans to move to lighter, machine-made harnesses used in EVs.
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The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly jobs.
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Hackett helped lead the CFPB’s initial charter into the auto finance industry, tasked with guiding strategy for examining and investigating dealer participation programs.
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With the mission of putting the power of business intelligence back into the hands of the BDC Manager, the launch of this all-in-one solution offers the most complete toolbox for service BDCs in the automotive industry to date.
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Powered by its robust offering, SAF continues to sign dealer agreements and fund loans.
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Auto finance and dealer service providers have seen a 81.11% growth in digital transactions over the last twelve months leveraging digital contract and financial documentation.
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As new vehicle inventory remains constant, and prices for both new and used cars begin to level off, dealers are continuing to benefit from high levels of profit.
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Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
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