Insights | News & Strategies for Dealership Growth

Dealer Survey Finds Anxieties

Source: Providers & Administrators
A recent dealer survey highlights growing concerns among retailers about 2025, with many anticipating challenges ahead. Industry expert Erin Kerrigan suggests that these anxieties could drive an increase in buy-sell activity as dealers navigate shifting market conditions.

January 13, 2025

Mazda Dealer Council Chairman Stays Alert for Economic Headwinds in 2025

Source: Automotive News
Mazda dealers have experienced an 85% increase in profitability at Retail Evolution facilities compared to pre-COVID levels. Rob Sickel, the 2025 chairman of Mazda’s National Dealer Advisory Council, remains vigilant about potential economic headwinds, emphasizing the importance of consumer purchasing power and Federal Reserve policies in shaping the industry’s future.

January 10, 2025

16 Rules and Regulations Your F&I Department’s On the Hook For

Source: KPA
Dealerships operate under strict federal, state, and local regulations that impact finance and insurance (F&I) departments. This guide outlines 16 critical rules every dealership must follow, from data security under the GLBA Safeguards Rule to advertising compliance and consumer credit protections. Stay ahead of regulatory scrutiny and protect your business with these essential compliance insights.

January 2, 2025

Haig Partners Celebrates a Record-Breaking 2024, Shares 2025 Auto Retail Outlook

Source: Haig Partners
In 2024, Haig Partners achieved a milestone year, completing 22 transactions involving 58 dealerships nationwide. Looking ahead, the firm anticipates a positive 2025 for auto retail, with expectations of sustained high dealership values and continued consolidation in the industry.

January 1, 2025

Embattled Nissan Asks Profit-starved U.S. Retailers for ‘patience and understanding’ in Thanksgiving Weekend Memo

Source: Automotive News
In a recent memo, Nissan Americas Chairperson Jeremie Papin addressed the financial difficulties faced by U.S. retailers, requesting “patience and understanding.” He highlighted the company’s commitment to investing in its portfolio to maximize market opportunities and assured dealers of Nissan’s strong liquidity position.

December 3, 2024

Mercedes to Cut Costs by Several Billion Euros a Year Amid Profit Decline

Source: Automotive News
Facing weak demand in Europe and declining sales in China, Mercedes-Benz announced plans to reduce costs by several billion euros annually to address the significant drop in profits.

November 25, 2024

5 of 6 Public Groups See F&I Gross Profits Fall in Q3

Source: Automotive News
During the third quarter of 2024, five out of six major publicly traded auto dealership groups experienced a decrease in same-store finance and insurance (F&I) gross profit per vehicle. Group 1 Automotive stood out as the only group to report an improvement in this metric.

November 22, 2024

5 Top Outcomes of Q3 F&I Results for Publicly Traded Dealership Groups

Source: Automotive News
In the third quarter of 2024, five out of the six leading public auto dealership groups experienced a decrease in same-store finance and insurance (F&I) gross profit per vehicle. Despite these declines, AutoNation maintained the highest same-store F&I gross profit per new vehicle among the top groups.

November 22, 2024

Jaguar Land Rover Quarterly Profit Falls 10% on Supply-chain Issues

Source: Automotive News
Jaguar Land Rover reported a 10% decrease in quarterly profit, attributing the decline to supply-chain disruptions, notably aluminum shortages. These challenges have impacted the company’s financial performance, underscoring the ongoing difficulties in the automotive supply chain.

November 8, 2024