Podcast: Vehicle repair costs up 43% since 2019, Synchrony says
Amid sustained inflation, more high-tech vehicles in the market and tariff-induced uncertainty, aftermarket repair costs are steadily climbing. Vehicle repair ...
Tag: aftermarket
Rising total loss claims: Growing threat to lenders, GAP providers (Off the Lot)
Rising vehicle repair costs, supply chain disruptions and shifting vehicle valuations are creating a perfect storm for lenders and GAP ...
Off the Lot: Service contracts pose hidden risk in lenders’ portfolio amid tariffs
Much attention has been paid to the ripple effects of ongoing trade tariffs across the auto industry — from vehicle ...
F&I opportunities abound as market resets
Dealers are poised to lean harder on finance and insurance revenue in 2025 amid rising inventory, declining vehicle prices and ...
BNPL picks up at dealerships as repair costs rise 6%
Consumers are increasingly leaning on buy now, pay later services for maintenance and parts at auto dealerships as repair costs ...
Ford Motor enhances service efforts for Ford Pro dealers
Ford Motor Co. is looking to improve its commercial vehicle operations for its Ford Pro dealers through more robust service ...
Aftermarket product chargebacks cut into dealer F&I profit
Chargebacks related to early cancellations of aftermarket products are squeezing already tight finance and insurance profits for dealers. Back-end profits ...
Record $20M FTC settlement points to active regulatory environment
A series of regulatory actions during the past month, including the largest FTC settlement involving a dealership, indicates that regulatory ...
