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All ADM Blog Posts Tagged 'Finance' (17)

Digital Retailing: Let’s Talk About F&I

Conversations about digital retailing in the automotive industry tend to center around two things: customer experience and an increase in sales volume. But some dealers feel that it just leads to decreased margins on the front-end in the “race to the bottom,|” and that face-to-face interaction will end in more revenue – whether that's in the front or the back…

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Added by Michia Rohrssen on July 18, 2019 at 7:22am — No Comments

Shifting to a Razor and Razor Blade Business Model

In the last seven years, new vehicle gross margins have declined from four percent to two percent.

If that pace continues, profit margins will be wiped out by 2025. It appears that the front-end grosses dealers enjoyed 10 or 15 years ago are never coming back.

 

F&I…

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Added by Scot Eisenfelder on July 12, 2019 at 6:00am — No Comments

The Easiest Ways to Finance Car Repairs

No matter what steps you take to protect your vehicle, you will most likely end up dealing with at least a few mechanical problems over the years. Most of those repairs should be relatively affordable, but there may come a point when you need to consider alternative financing options. Here is a quick look at a few different ways you…

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Added by Dixie Somers on June 11, 2018 at 11:00am — No Comments

Carvana Teams Up with SpringboardAuto to Offer End-to-End, Hassle-free Car Finance and Purchase Experience

Partnership puts the car buying experience online – from finance to purchase to home delivery

Irvine, Calif. – April 24, 2018 – Carvana (NYSE: CVNA)…

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Added by Crystal Hartwell on April 24, 2018 at 6:30am — 1 Comment


Vendor
Grow your car sales with exclusive auto leads

Competition in the retail auto market is extremely high. In order to survive in this fierce competition, car dealers are relying on innovative ways to capture auto leads for keeping their sales pipeline full.…

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Added by AutoLead Pro on March 12, 2018 at 4:30am — No Comments

Fire Your F&I Manager!

Vehicle financing is changing. 

For decades, the F&I manager has been the point person to not just squeeze the bank for rates and terms the customer will accept, but also to…

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Added by CPI Results on March 5, 2018 at 2:00pm — No Comments

Even Auto Lenders Need Guidance Sometimes

It’s the age-old saying: “money is power.” In auto finance, it’s the lenders – banks and analysts – that have all the power. 

The financing process can become monotonous and it’s easy to forget that it includes…

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Added by CPI Results on February 22, 2018 at 10:13am — No Comments


Finance
Important Points to Obtain Guaranteed Loan with No Credit Check

The credit score of the borrowers is the main factor whether they get the adequate financial assistance or not. If the borrowers have good credit ratings, no lending institution would deny their loan application and the fund disbursal would be on full guarantee. People…

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Added by Ella Velasco on September 11, 2017 at 3:30am — No Comments

How to Sell the Benefits of a Car Finance Deal Online

Selling car finance deals online can be tricky. In an industry where face to face sales are usually the main way of selling a car it can be daunting for customers to think about making such a big commitment online. But with the internet being the place where potential buyers know that they get the best deals, customers can easily be persuaded to make a purchase. Here are some essential tips and tricks to help you secure more of those online finance deals…

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Added by tony croose on March 24, 2016 at 10:22pm — No Comments

Cox Automotive Enters Dealer Finance and Insurance Departments

COX AUTOMOTIVE Enters F&I Space by Investing in SILVERROCK HOLDINGS

Investment Expands Portfolio of Dealer Solutions to Drive More Efficient Transactions

 

GO Financial and NextGear Capital affiliated dealers will soon be able to offer warranty, insurance and theft recovery…

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Added by Ralph Paglia on February 2, 2016 at 3:30pm — No Comments


Influencer
Dealership Managers: It's About Time - Part 1

Added by Danny Benites on February 19, 2014 at 9:31am — No Comments

From the NCM Institute: Is Your Menu Working You or Are You Working The Menu? Written By: Rebecca Chernek

Written By: Rebecca Chernek

AutoNation USA, the #1 publicly-owned automotive retailer, opened its doors as a mega “one pricing” pre-owned operation in 1997. It built elaborate showrooms; county records show one was 218,000 square feet. The showrooms included a café, a playroom and an aftermarket display platform.

Kiosks with computers were placed throughout the store enabling consumers to efficiently check out in-stock inventory or to submit a loan application. Customers were…

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Added by Garry House on March 26, 2013 at 7:00am — No Comments

Entrepreneurs: They Embody the American Dream

Entrepreneurs: They Embody the American Dream

 

The late Peter Drucker once said, “Entrepreneurship is neither a science nor an art. It is a practice.” CCI practices entrepreneurship.

 

Small business owners by the millions are eagerly waiting for the next election to learn how the upcoming years will effect not only their ability to grow and profit, but to continue toward the goals that are infused by their…

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Added by Rebecca Chernek on August 20, 2012 at 10:30am — No Comments

I've never been a Boy Scout but I think like one....

By Autumn 2003, I had (a meager) seven years of Internet Automotive success under my belt.  I was managing a nine-franchise Internet Sales Department that encompassed five rooftops in Portland OR and Vancouver WA.  New Car sales were really starting to get brutal.  Every other conversation contained the words “Dave Smith” and “Kellogg, Idaho”.  We pursued, and…

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Added by Shannon Page on January 18, 2012 at 3:28pm — No Comments

Web lets shoppers do the math, helps sell Finance and Insurance

Q&A: Web lets shoppers do the math, helps sell F&I

 



      Ralph…
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Added by Ralph Paglia on September 13, 2011 at 8:35pm — No Comments

Automotive News; Use Internet To Grow Finance and Insurance Business

How the Internet can snag more F&I business for car dealers

Interview conducted by and article written by Donna Harris at dharris@crain.com.…

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Added by Ralph Paglia on August 22, 2011 at 1:30pm — 2 Comments

Automotive News Finance and Insurance Week June 7, 8 and 9, 2011

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Added by Ralph Paglia on May 14, 2011 at 1:02am — No Comments

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