FLADCO News

High Mileage, High Potential

Posted by Mark Mackson on Jul 12, 2017 6:00:00 AM

F&I Showroom – Feature
By:  Gregory Arroyo, May 2017
Read time = 1 ½ minutes 

The script was written:  The record 3.6 million off-lease vehicles set to return to the market this year was supposed to set off the long-awaited collapse in used-vehicle pricing.  Prices have softened, but not to the levels or pace most market insiders predicted heading into 2017.

Used Car Sales to Keep Dealers Afloat During New Vehicle Sales Slide

Posted by Mark Mackson on Jul 12, 2017 6:00:00 AM

The Detroit Bureau
By:  Joseph Szczesny on June 29, 2017
Read time = 1 ½ minutes

No one is arguing the case that after several years of consistent increasing new car sales, we are experiencing a sales drop.

“Additionally, we are also seeing lease penetration rates come down from record highs and starting to see a slowdown in the growth of incentives as a result.  Both are good signs for the long-term health of the automotive industry and show manufacturers’ commitment to profitability and preserving future used-car values.”

Here's How to Maximize Used-Car F&I

Posted by Mark Mackson on May 10, 2017 6:00:00 AM

Focus on used-car buyers to maximize F&I’s per-vehicle retail profit.

“Not only aren’t used-car buyers second-class, they’re a better class than new-car buyers when it comes to their total value for the dealership,” says Ed French.

F&I Best Practices and Performance Metrics

Posted by Mark Mackson on Mar 27, 2017 2:32:24 PM

Introduction

Vehicle Service Contracts Create Value and Drive Profits

Posted by Mark Mackson on Aug 10, 2016 7:00:00 AM

Dealerships often overlook vehicle service contract opportunities, leaving money on the table when closing a sale. Whether as an add-on to a new car sale or an additional offering for a high-mileage purchase, a proven vehicle service program will increase sales, customer satisfaction and profits to your dealership.

Vehicle Service Contract Offerings Will Boost Sales

Posted by Mark Mackson on Aug 3, 2016 8:38:07 AM

Vehicle service contracts are an important tool for “closing the sale” and will generate additional revenue, so it is important for dealerships to take every opportunity to provide this option. The best provider can offer plans for new, used, foreign and domestic vehicles while providing a very reliable source of revenue and profits back to the dealership.