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THE DISRUPTION: A dealer finance executive proposes a retailer-owned captive finance approach.
THE DISRUPTOR: Erik Day, 45, Warren Henry Automotive Group CFO
WHAT IT MEANS: Banks and third-party finance companies earn a percentage of retailers' margins by providing consumer loans. Dealers could cut them out of the picture.car front
"What can we do to claw back dealer margin?" Erik Day asked himself not long ago after attending a finance industry conference on crowdsourced funding for new business ventures.
