Category: Motor Age Articles
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Ethics evolution in FandI
Today, unethical behavior at dealerships is more difficult to get away with than in the past. Dealers set policies to weed out unethical characters, and social media and consumer resources often shed light on unethical business practices.
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Volvo dealers in California revolt against subscriptions
As Volvo prepares a new and improved version of its Care by Volvo subscroption service, California hears the grumbling of dealer protests.
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Chinese dealers aim to learn from, invest in U.S. dealership groups
As new-vehicle sales cool in China, dealers are turning to their highly-respected U.S. counterparts to learn how to create additional revenue streams in stores while preparing for potential investments in the American market.
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Dealerships make strikes toward more ethical culture
Ethical practices in automotive finance have evolved significantly in recent decades, with a boom in automotive retail regulations. Automotive News explores this evolution in this special section.
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Rescued GM has a short memory
General Motors’ plans for job cuts, ten years after its bailout, draws criticism.
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Building a dealership hiring plan around good bahavior
Many dealers leave nothing to chance with ethics. Internal training, external audits and promoting from within as often as possible are the top tactics used to prevent compliance and ethical land mines.
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Set ground rules for self-promotion
Self-promotion can erode customer trust, FandI experts caution, and dealerships should have ethical ground rules for displays of personal achievement in the office.
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Dealerships reconsider title of FandI manager
Whether it’s better for mitigating sales resistance from customers or preventing cash-buyer confusion, some dealerships stray from the traditional title of finance and insurance manager.
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GM cutbacks complicate USMCA’s path to passage
General Motors’ decision to idle four U.S. assembly and parts plants could provide ammunition for critics of President Donald Trump’s new North American trade agreement.