| It is that time of year for all of us to go out and perform our civic duty by voting. Taking part in our democracy is a gift, and unfortunately, many Americans do not take part for a variety of reasons. These elections should remind us of those who have made the ultimate sacrifice defending our democracy, and therefore our ability to take part in free and fair elections. Please visit https://vote.gov/ to make sure you know how and where to vote in your state. Many of us are excited for the elections to be over. If you live in a swing state, we are certain you are tired if seeing attack ad, after attack ad. Another reason to be excited about November 5th being behind us is that the economy, specifically retails sales, generally hit a stagnant period around elections. The majority in our industry are optimistic about the increase in sales volume we should see post-election cycle. For most dealers, 2024 has proven to be a difficult year. Sales volume, and gross profit have declined especially within certain manufactures. As some dealers feel pressure on volume and profit, their focus has shifted to F&I and fixed ops. We at ADS have stepped up and responded to the challenge. Our dealers are experiencing strong, if not record F&I results and our roll-out of Repaired Forever has proven to help drive additional service sales and an added profit center. Moving into the holidays, let us reflect on what we are thankful for and what the holiday season means to each of us. Good luck and Good selling to all of you! Sincerely, Bob and Ryan Events ADS will be attending: F&I Product and Reinsurance Conference – https://www.fandi-conference.com/ Newsworthy Items: I just bought a Jeep for my teen driver. Here’s what I learned about the used car market American consumers are increasingly underwater on their car loans Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America Vehicle pricing fell year-over-year in Q3: Cox Automotive US remains engine of global growth in latest IMF forecasts |
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