Congratulations to Pinnacle Dealer Solutions for being recognized as the 2018 largest growth agency in the US for Portfolio. Click the link below to take a look at our feature. 2018s Largest Growth Agency in the US
Continue Reading
THIS IS HUGE — U.S. House Votes To Curb CFPB Lending Guidance
Good to see common sense reform for Automotive Dealers, THIS IS HUGE! Check out this article for my information. We can help your dealership with our real-world solutions from F&I Training to Compliance checks. Email us at info@pinnacledealersoultions.net Let’s Connect! Twitter: https://twitter.com/pinnacledealers Facebook: https://www.facebook.com/pinnacledealersolutions/ Linked In: https://www.linkedin.com/company-beta/12897853/ Website: https://pinnacledealersolutions.net/staging/7467 How can we find you?
Continue Reading
Overcome Your F&I Weakness
This game is all about constantly growing and bettering yourself. We know it easy to rest on our laurels and not take an active role in becoming the best at what we do in the F&I department. But this is the difference between the good and the great. Let’s make sure we are constantly taking…
Continue Reading
Always Hire For Attitude
2018 Online Auto Sales & Security
Digital retail and finance are continuing to grow in 2018. This growth also means that the Automotive Retail industry needs to expand cyber security efforts in 2018. Fraud was a big topic in 2017. Major breaches put many dealers and customers in bad positions. These criminals are just getting smarter. Malware discovered in F&I departments…
Continue Reading
2018 New Vehicle Sales Forecast
New vehicles sales are projected to fall just below 17 million in 2018. Edmunds projected 16.8 million. Cox came in slightly lower at 16.7 million in New vehicle sales. Due to new tax plan, households are expected to have more take home pay which may equate to more trucks, luxury vehicles & SUVs. Hybrid &…
Continue Reading
Subprime in 2018
Automotive loan balances expected to continue to grow in 2018. Serious delinquencies are also on the rise. The shift in lending toward lower risk consumers will help cushion the market over the next few quarters. Read below for the full report. TransUnion: Subprime Pullback to Continue in 2018 We can help your dealership with our…
Continue Reading
The Future of Automotive Retail
Industries change overnight these days & automotive retail is not immune. It is so important that as an industry we make strides toward the future. With changing profit structures comes ample opportunities that need to be seized in order to stay relevant. It is time to embrace the change and open our minds to the…
Continue Reading
CFPB Changes & New NCLC Report
What do the new CFPB regulation changes mean & what how will the NCLC report come into play? A report from the National Consumer Law Center revealed inconsistent and discriminatory price markups on F&I products over a span of six years in all 50 states and the District of Columbia. The data set included information on…
Continue Reading
Protecting Your Dealership From Fraud Pt. 2
Fraudulent automotive purchases are not slowing down & the repercussions for these deals are as damaging as ever. Even dealers with preventative programs in place are at risk. You need to make sure your dealership is asking the right questions, following the correct processes & keeping an eye out for red flags that suggest that…
Continue Reading