Finance and Insurance (F&I) managers work directly with consumers, so their role is vitally important when it comes to understanding consumers' needs, encouraging them to buy valuable products, and at the same time maximizing the dealership's profit. Mistakes in the F&I department can cost you more than a sale.
The automotive industry is changing fast for many dealers and their bottom lines. Two factors are limiting dealership profits. First, as the dealerships face competition, which can squeeze profit margins per vehicle retailed. Secondly, transformation in the customers’ driving habits and behavior is influencing the purchasing decision now more
The auto industry is expected to witness double-digit growth in 2021, as per the Economist Intelligence Unit report. However, it will not be enough to make up for the plunge caused by the pandemic. A recovery in 2021 will not be straightforward. Therefore, auto dealerships will be forced to