Finance And Insurance

Will Facebook be the next big thing in online used-car ads?

Facebook has the potential to be a major force in used-car sales with a new feature called Marketplace, which eases concerns about dealing with strangers.

Most public retailers boost Q1 F&I

Five of the 6 publicly traded new-vehicle dealership groups improved their average F&I gross profit per vehicle retailed in the first quarter.

Santander has dropped 800-plus dealerships

Santander Consumer USA has terminated more than 800 dealerships since 2015, based on “performance-related issues,” the lender said.

Making free oil changes pay off

Lester Glenn Auto Group used to give away unlimited free oil changes with vehicle purchases, but it became costly and unmanageable. Now the group limits the amenity and pairs it with a pitch for pre-paid maintenance. The result: $150,000 a month in incremental service revenue.

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