At the NIADA Convention in June, one of the most timely and compelling panels was on "New Avenues in Dealer Capital."
Following is an excerpt of Q&As fielded from that forum by NextGear Capital Vice President of Operations Alan Lang:
How do you evaluate the financial marketplace today and how do you see it changing in the next five-years?
The marketplace is aggressive and very much in favor of both the dealer and the end consumer. Market corrections will likely begin in 2014 and continue into 2015, with lease vehicle inventory entering the market and placing a downward pressure on vehicle values. As in all cycles, when this begins and is coupled with very competitive lending and an abundance of inventory, dealers find themselves in a unique position.
Read more - and see more Q&As from the "New Avenues in Dealer Capital" panel...The Article Smart New Avenues for Dealer Capital appeared first on Automotive Digest.