The rapid shift to digital retail — accelerated in part by the coronavirus pandemic — is supposed to displace the F&I office system that requires customers to spend extensive time in the store. In fact, a survey of 88 dealership F&I managers showed that slightly less than half reported customers …
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Lordstown Motors and RV retailer Camping World held a joint press conference today, saying they are teaming up to electrify camping vehicles as well as to service Lordstown’s Endurance electric trucks. The first vehicles will be “Class E” electrified travel trailers that are powered via battery packs instead of the …
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Starlink Satellites/picture allianceGetty Images Elon Musk, CEO of Tesla, says his Starlink internet service—part of SpaceX, another Musk-helmed company—will begin private beta testing in three months. SpaceX’s Starlink has over 400 satellites in orbit of a planned 40,000. Starlink is designed to improve previous satellite internet access in many more …
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A few months ago, virtual finance and insurance presentations were little more than rumors in the auto retail world. Select dealerships were piloting digital presentations and a handful of F&I product companies and dealer service programs were conducting tests in limited markets. But the spread of COVID-19 shocked the U.S. …
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