Dealer News – July 2025
Featured Stories:
Finding the Intersection: Relationship and Transactional Excellence in Automotive Retail
Success in the automotive industry lies at the intersection of relationships and transactions. By nurturing connections and streamlining processes, dealerships can turn satisfied customers into loyal advocates. Build it with excellence, and they will come!
Why Rising Student Loan Defaults Are a Boost for Buy Here Pay Here Dealerships
With credit scores plummeting, savvy BHPH dealerships can shine! As more people face loan denials, it's time to embrace the opportunity: offer understanding, flexible financing, and help those in need get back on the road.
Why Create In-House Financing
Unlock new revenue streams by embracing Buy Here, Pay Here (BHPH) or Lease Here, Pay Here (LHPH) operations. Capitalize on bad credit customers, improve cash flow, and create a valuable portfolio, all while enhancing your dealership's overall profitability and growth potential.
The Importance and Benefits of a GPS Device with Accident Notification (Crash Sensor)
Discover how a GPS with accident alerts helps subprime lenders track vehicles, respond quickly to accidents, and manage risks. It's all about protecting investments while keeping borrower relationships strong and vibrant!
Key Insights and Action Steps Following the Vacating of the CARS Rule
The 5th Circuit Court vacated the CARS Rule due to procedural issues with the FTC, not on overregulation grounds. This could lead to its revival under a future administration, emphasizing the need for vigilance in the automotive industry.
Navigating BHPH Risks and Inventory Challenges for Retail Dealers
Independent auto dealers face rising vehicle costs, thefts, and delinquency rates. Embracing innovative technology for lot management, risk detection, and customer retention is essential for maximizing profits and staying competitive in today's challenging market.
