Like your dream car, the correct selection of features is essential to auto dealership success and longevity. Bank of America’s Dealer Financial Services has comprehensive insight, from driving dealership diversity to navigating tight labor markets and planning for further down the road. Read our guides below and let us partner in your success.
Dealer Financial Services
Dealers face complex challenges, from market ﬂuctuations and margin pressures to managing risk. That's why we deliver specialized auto industry expertise and solutions to help you succeed.
Owner's guides for dealership success
Why investing in women is really smart
The conversation about the role of women in the auto retailing industry is not a new one. But the discussion has taken on a new sense of urgency and become a mainstream topic in industry news.
Growing the Minority-dealer base
While U.S. auto consumers are more diverse than ever, minority dealers must pursue unique strategies to succeed.
Our report offers insights from industry executives and successful minority dealers.
Adapting to a tight labor market
Attracting and retaining the best dealership employees is an ongoing concern, and it is not getting easier in the current labor market. New strategies and tips to address critical staffing issues are highlighted in our report.
Whether you’re expanding or improving your business, cost-eﬃcient capital is key. Understanding your unique strategic and operating needs is how we oﬀer complete ﬁnancing advice, solutions and support tailored to your dealership.
Strong cash flows and efficient operations help dealerships conduct business in more ways and places. That’s why our treasury management specialists and cash flow strategists take a consultative approach in helping you meet your complete transaction services needs. You also benefit from our easy-to-use, integrated CashPro® platform to manage your payments and receipts, liquidity and investments, FX, credit and trade.
Your life is filled with people and pursuits you care about. You want to make the most of your wealth so you can build, preserve, enjoy and share what you’ve earned. That’s why our advisors and commercial relationship managers work together closely to help support your connected priorities. In addition, building your employee benefits program can increase loyalty as you support the financial well-being of your employees, their families and your business.
Autos: Putting the pedal-to-the-metal?
While auto sales struggled in 2022 amidst supply snarls, there’s light at the end of the tunnel.