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Black Book’s Used Vehicle Retention Index slipped again in March but showed a 1.7% year-over-year gain heading into April, when analysts expect the spring selling season to begin in earnest.
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Edmunds says the average APR for a U.S. new-vehicle loan was 6.36% in March, putting dealers and consumers on the cusp of a ‘dramatic shift’ toward the used-car market.
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The global market for dealer management systems will hit $10.1 billion by 2025, a ‘healthy’ projected growth rate of 8%, according to the latest forecast by Research Reports.
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U.S. franchised auto dealers paid over $66 billion to more than 1 million workers in 2018, a 1.9% year-over-year increase that pushed the average employee’s pay to $1,134 per week.
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The IRS’s new withholding guidelines have reduced the average American’s federal tax refund to $3,140. What kind of used car can your next customer buy with that money? Autotrader’s Chris O’Neill found 20.
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700Credit has integrated with IDOne, RouteOne’s proprietary in-dealership identity verification tool.
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Dealer lighting provider LSI Industries has hired business development expert and startup veteran Steven Moeglin to lead its commercial sales team.
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An ‘insights-driven’ upgrade to vAuto’s Conquest platform was designed to drive new efficiencies in the dealer-to-dealer new-unit trading process.
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AutoMap has opened an office in London, bringing its inventory-tracking and auditing solutions to European dealers for the first time.
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Porsche’s new Cayenne variant is a four-door coupe that adds horsepower to a growing midsize luxury CUV segment, reaching a top speed of 178 miles per hour with a zero-to-60 time of 3.7 seconds.
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