Author: Automotive News Feed
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How U.S. dealers can improve margins, according to McKinsey study
U.S. dealerships can significantly improve on the industry’s average profit margin if they upgrade the capability of sales and service employees and pursue new sales formats, a McKinsey and Co. study concludes.
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More auto lenders willing to finance GPS system
GPS systems supplier Inilex has been successful lately in getting its SkyLink GPS-based anti-theft system approved by auto lenders for financing on vehicle loan contracts, a big selling point for auto dealers.
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The disconnect lingers between auto finance and the CFPB
The auto finance industry and the Consumer Financial Protection Bureau have a fundamental disconnect.