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Furthermore, Cox Automotive will award a $10,000 scholarship to Brooke Englehardt, a junior at Northwood University, home to the nation’s leading automotivemarketing and management program. Joining DP Fox as vice president of finance in 1993, she oversaw the acquisition of all Fox Motors dealerships since 2000.
Let’s explore the factors driving inflation in the automotivemarket and discuss strategies for dealers to support their customers through these difficult economic conditions. Higher rates lead to increased monthly payments, making vehicle financing more challenging. for used car loans.
Deals held up in the finance department can be resolved promptly by experienced title clerks. Alleviate Administration Burden Outsourcing will not completely eliminate the need for someone internal; a dealership employee must manage the vendor and handle all wholesales, dealer trades and out-of-state deals.
This could include tailored vehicle recommendations, specific financing options or even personalized video messages from sales staff. Customer Relationship Management systems, data management platforms and marketing automation software are all essential components of a modern dealership’s tech stack.
Driving Technology in Your Shop In the latest 10 mm with Tony Mercury from Autoshop Solutions, Cavan Robinson from Vehlo and Jesse Meddaugh from 360 Payments discuss the Shop Management Lifecycle. They discuss market trends and notable technological perks such as consumer financing. What does this mean?
automotivemarket. RecovR ID Check offers dealerships a modern, affordable solution to safeguard test drives, sales and financing transactions. Criminals increasingly use fake and stolen identities to take advantage of automotive dealers driving off with vehicles during test drives or securing financing fraudulently.
Enhanced Competitive Edge By effectively managing processing costs, dealerships can offer more competitive pricing on vehicles, financing options and after-sales services. Educating the sales and finance teams about these practices is equally important, as they play a crucial role in explaining the benefits and options to customers.
Students will be eligible to be chosen as a recipient if they opt into the Private Scholarship Donor Program and are enrolled in any of the following areas of focus: AutomotiveMarketing and ManagementAutomotive Aftermarket Computer Science Accounting Finance “Whether it’s the front or back of the dealership, having well-educated employees who are (..)
AI agents powered by MAGS can specialize in different areas, such as: Sales and Lead AI: Engages leads, recommends vehicles and assists with financing inquiries. F&I AI: Guides customers through financing, warranty options and protection plans. F&I AI: Guides customers through financing, warranty options and protection plans.
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