Spiff, stiffed and miffed: F&I managers must do some explaining

Jim Henry is a special correspondent for Automotive News
The auto industry may consider this a good problem to have, but F&I managers are going to be the ones delivering the bad news to customers that they can't automatically expect the sweet incentive deals offered before the recession.

Lower new-vehicle production and higher used-car prices are big-picture factors supporting higher new-car prices. Kevin Bartolo, general manager of Scarsdale (N.Y.) Ford, said recently that his dealership may be one of 500 bidders at an auction for 200 cars. “Two years ago, it was 200 buyers and 500 cars,” Bartolo said.

If used-car prices start to approach new-car prices, that could support higher new-vehicle prices and/or lower new-vehicle incentives. Customers who come in for the first time in four years are in for sticker shock -- that is, a sticker that means what it says.

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences
  • You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.