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While dealers continue to seek out new profit streams, one area of potential new business remains relatively untapped — the automotive accessory market.
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Executive Editor Gregory Arroyo shares his thoughts on the future of the F&I industry, and the changes leading to a hybrid front-end office.
Read More →DealerTrack Holdings Inc. has developed a new interface linking dealers with credit unions served by Aimbridge Lending Solutions, a provider of lending technology and services to credit unions across the country.
Read More →When people talk about the Internet these days, they say things like, “It’s leveling the playing field.” And just last month I talked about how a dealer used the Internet to verify a customer’s Social Security Number. What’s amazing to me is that not everyone was so hip to the Internet earlier this decade.
Read More →A post made on Oct. 2 on the magazine’s F&I Forum made me think, “What a great story of a dealer doing it right.” But that was before I talked to Mark O’Neil, CEO of DealerTrack, about something he discussed during his keynote address at the magazine’s September F&I Conference and Expo.
Read More →Did you hear the news coming out of Edmunds.com just before the holidays? Leasing increases 21 percent in 2006. It seems as though DealerTrack’s Raj Sundaram’s prediction of its revival back in November is on par so far.
Read More →Talk about birth by fire. Four days, two shows, about 500 photos and two notebooks crammed with notes. And out of the notes I took during the third-annual F&I Conference and Expo in Las Vegas, the one comment that stood out was the one made by this one brave soul who grabbed the microphone at the conclusion of a panel discussion on compliance and uttered, “I’m afraid to go back to my dealership.”
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Just because customers decline a product or service at the time of purchase doesn't mean they won't reconsider if asked again.
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The high volume of credit turndowns has created a chasm between dealers and lenders, but both sides are taking steps to bridge the gap.
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