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Industry News Roundup: 8/16/19

by Dealertrack
on August 16, 2019

This week’s news roundup from Dealertrack includes some surprising best practices for the F&I office, a heads-up about the next generation of auto buyers, and an update on the state of the economy and the automotive industry.

Ford Store’s F&I Manager Takes Cues from Henry FordWards Auto
Dealerships can take inspiration from Henry Ford’s pioneering assembly lines when it comes to consistent F&I menu presentations for every customer.

As Gen Z Comes of Age, Credit Market Activity Shows Significant GrowthYahoo! Finance
According to the Q2 2019 TransUnion Industry Insights Report, those members of Gen Z who are credit eligible (currently ages 18-24) are starting to make a showing as borrowers, including auto loans. While the percentage of Gen Z car buyers is still low, auto lenders and dealerships need to be prepared to meet the needs of this group of consumers.

Cox Automotive Industry Update Report: August 2019Cox Automotive
A monthly report on key economic indicators and the state of the automotive industry.

Tags: Automotive Trends, Dealers, F&I, Gen Z, Lenders, Trends