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Have COVID Lockdowns, Inventory Shortages, and High Demand Altered Car Sales Techniques?
The global pandemic significantly reshaped our lives in many ways, including how we work, socialize, and conduct business. The auto industry is one sector that has been heavily affected by these changes. From lockdown measures to inventory shortages and soaring demand, car dealerships have had to adapt to the new reality. This leads us to…
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Dealer Best Practices – Guidelines for Aftermarket Products
It is essential for automotive dealerships to stay compliant with the regulations set by the CFPB, Department of Justice (DOJ), state regulatory agencies, and Federal Trade Commission (FTC). To assist your organization in minimizing liability, Impact Revenue has developed these Best Practice Guidelines for Aftermarket Products. These guidelines are intended to be a general overview…
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Gap Coverage: The Protection Your Vehicle Needs
Gap coverage is a policy that covers the difference between the value of your vehicle and the remaining balance on your car loan or lease in case the vehicle is stolen or totaled in an accident. It also covers negative equity from a previous loan that is rolled into a new car loan. Without gap…