The Dealer 5 | January 26, 2015
Dealer news and information from WardsAuto and around the web.
Welcome to The WardsAuto Dealer 5 - we've put together important items from WardsAuto.com and across the Internet.
So let's go:
1. | If you hear a giant popping sound, it could mean many things, but probably not a subprime-financing bubble bursting. So say trend tracks who tell worry warts to chill out. |
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2. | Cadillac's chief tells dealers in a closed-door meeting he won't cut their ranks, despite rumors. But he calls for creating "boutique" stores. A dealer we spoke with isn't sure exactly what that means. But in a quick Q&A, he says how the meeting went. |
ADVERTISEMENT The auto accessories industry is $40 billion and dealers represent less than 5%. Could accessories be the new profit center for dealerships? It is one new frontier that may hold the most profit potential dealers have seen since adding the F&I department 40 years ago. | |
3. | Millennials apparently like cars after all, despite what's been said about them for, oh, the last five years. MTV says its new study debunks five mythsabout a misunderstood generation. |
ADVERTISEMENT F & I Resource Center sponsored by Ally Auto. Valuable content to help you boost profits in this all-important division of your business. | |
4. | Andy Crews, who got in the business as a mechanic, recalls some people telling him he'd never be a dealer. Ironic, since he just became dealer of the year. |
5. | Car sales and the economy are humming along nicely. But NADA's chief economist says wage increases would help the auto industry. |
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