Vroom’s Post

Starting the Day with Learning: A Deep Dive into the Vehicle Industry I just attended an enlightening opening session at our American Financial Services Association industry conference, featuring Rob Kurnick, Jr., President of Penske Automotive Group and Kyle Birch, President of North America Operations at GM Financial. A highlight for me was an explanation about how financial strategies play a critical role in enhancing the Dealer+Lender+Customer experience. Kurnick explained how effective financing and #LoanServicing not only reflects on the dealer in front of their shared customers with the lender but also strengthens the dealer-lender partnership by fostering repeat business by those customers. #VehicleIndustry #MarketInsights #BrandGrowth

Ryan Kerrigan’s recent interview with Jim Fitzpatrick was featured on CBT News this week discussing factors driving records in the dealership buy/sell market. Ryan touches on recent transaction activity, as well as discusses the increasing involvement of outside capital in our industry. Watch the interview: https://lnkd.in/g6M9_wru #automotive #autoretail #dealerships #buysells

Are you an auto lender concerned about the confirmed identity of your applicants? Would you like better confidence in your applicant risk or their ATP? Would you like a better view of your portfolio risk? If you said “Yes” to any of these questions, then I would love an opportunity to chat at AFS East on how the use of Equifax Workforce Solutions verified employment and income data could assist you in mitigating risk and optimizing conversions and profit.

Did you know most car buyers will consider finance options, but only half feel comfortable with the process? Discover insights into car financing and how to improve customer confidence in this latest article from Car Dealer Magazine #CustomerInsights https://bit.ly/3xjofTD

This news story from Monroe Capital LLC posted on ABL Advisor is experiencing tremendous engagement with our readers. Read the full news story here: https://lnkd.in/ertXQgKz #whitehouse #washingtonDC #Automotiveindustry #automotive MEMA. The Vehicle Suppliers Association Alliance for Automotive Innovation #commercialfinance #corporatefinance #lending #privateequity #privatedebt #privatecredit #publicpolicy

Business stuck in neutral? It’s time to shift gears and accelerate growth… Learn more in Evan Sterling & Ned Hennessey’s recent article, ‘The Sale-Leaseback Inflection Point in Automotive Retail’: https://lnkd.in/gEUq8pj8 #Auto #Dealership #Capital #SaleLeaseback

The automotive industry’s transition from Internal Combustion Engines (ICE) to Electric Vehicles and alternative fuels will continue to reshape the market landscape in the coming years. From a sales perspective, our most recent analysis of market data for FY2023 has shown continued year-on-year growth in ICE and Hybrid Electric Vehicles (HEV) sales, as consumers hold out for greater maturity in the electric-only market, including much needed infrastructure investment in Europe and the Americas. Meanwhile, ICE-related deals in the Automotive industry also increased in 2023 against the backdrop of an overall volume drop in dealmaking during this 12-month period. Interestingly, the number of deals struck by strategic buyers – automotive suppliers, OEMs, and other corporates – doubled. Could this indicate that we have moved past the early adoption phase of ICE consolidation, as a growing number of suppliers seek to tap into the opportunities presented?

Had a blast last Friday with the team at Hendrick Lexus Charlotte! Spent the day meeting with the team for 1 on 1 financial planning sessions where they got to sit down in private and get answers to their biggest money questions! 1-1 advice comes to you and your team when you don’t have time to go on your day off. This is what top dealership groups and forward thinking leaders are doing for their people. Get the answers you need. Increase Retention. Relieve Stress. #1 #Hendrick #Lexus #empowerpeople

Automotive financing trends for Q1 are in! Get your copy of the just released State of the Automotive Finance Market Report at https://lnkd.in/gEW3QzYM

Did you know - Toyota Financial (in my opinion, the most sophisticated captive in the space) is extremely active in the bank syndication space holding significant credit commitments in the majority of deals? Just another reason to add Toyota or Lexus to your portfolio - potential access to additional growth capital. And another synergistic value in the sale of your Toyota or Lexus store. Haig Partners, Toyota North America