Nearly half of new vehicles sold are SUVs Growth continues but seems to be slowing Dealers are running out of space as vehicles sit longer Over the past few years, SUVs have been an increasingly… Read More »SUVs Are Packing Dealer Lots With More Coming
Team Community Competition Vision Whether you’re own a dealership or an auto body repair shop, you want your business to be successful. Whether you’re a regional MSO or a stand-alone shop, the following are key… Read More »4 Key Tips For Business Longevity
> Sales mostly flat > New vehicle prices spur more Used vehicle shoppers > Increased Used inventory means larger depreciation Much like the year before, 2019’s new and used vehicle market is moving apace. Sales… Read More »Watch For These Used Vehicle Trends Through 2019
With the agreement between the United States, Mexico, and Canada (USMCA), some of the previous tariffs’ impact has been erased. However, according to NADA News, Section 232 of the Trade Expansion Act of 1962 will… Read More »Tariffs Are Still The Biggest Threat To New Car Dealerships In 2019
According to NADA News, Senior Economist for NADA, Patrick Manzi, said trends are looking good for both new and used vehicles in 2019. He continued on and said in a recent speech in San Francisco:… Read More »Auto Dealerships Will Be Just Fine In 2019
According to NADA News, the new NADA Chairman, Charlie Gilchrist, strongly recommended that franchise-owned dealerships need to be active in NADA “now more than ever.” He continued on with his recent speech in San Francisco… Read More »NADA Chairman Says Dealerships Need To Be Active “Now More Than Ever”
Recently in a speech in San Francisco, now retired NADA Chairman, Wes Lutz, advocated for dealerships in America to fully embrace the changing times for dealerships. Advising them to truly listen to their customers and… Read More »Retired NADA Chairman Says Dealerships Are Writing The Future
Sedans Losing Popularity Electric Vehicles Gaining Popularity Self-Driving Vehicles Become More Common Artificial Intelligence Integrations Subscription Plans Electric Systems Will Improve Drastically Used Vehicles Remain Popular Used Car Reconditioning Industry Will Grow and Evolve 2018… Read More »8 Trends Your Dealership Should Pay Attention To In 2019
Increased prices on new cars and parts spur greater reconditioning investment The reconditioning industry has been experiencing a huge boon in 2018. This is partially a result of the 25% tariffs on steel and 10%… Read More »Advantages of the Trade Tariffs for the Reconditioning Industry
How prepared was your dealership for 2017’s roller-coaster ride of new and used car sales? If you are like many dealerships, you weren’t prepared for the unusual hurricane-induced car buying demand spike in the Fall… Read More »Auto Analysts’ Crystal Ball Says Prepare Now for a Surge in Used Car Demand