Automakers Boost 2003 Prices Slightly
General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler unit raised prices on 2003-model cars and light trucks as the U.S. automakers try to improve profit margins being squeezed by incentives, accoridng to Bloomberg News.
Chrysler raised prices about 0.5 percent, or an average of $125 a vehicle, spokesman Marc Henretta said. Ford's boost averages 0.4 percent, or about $120, spokeswoman Susan Krusel said. General Motors had a "modest increase," said spokeswoman Elaine Redd, who declined to provide average figures.
General Motors, the largest automaker, is trying to take advantage of sales gains this year, and Ford and Chrysler are trying to return to profitability.
U.S. auto sales rose 8.2 percent in July after automakers brought back zero percent interest loans, and analysts expect another sales rise this month, according to Bloomberg News.
More F&I
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →