> 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 each year, more and more dealerships are adapting to the latest and greatest technology. They’re doing this to increase their inventory turn times, but to also anticipate the likelihood of selling outside of those… Read More »How Reconditioning Software Reduces Your Time To Market
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 Dealership News, research from a Cox Automotive Service Industry Study showed dealerships are losing out on roughly $266 billion dollars a year in service revenue. Beyond that, the biggest contributing factor to it… Read More »Why Your Dealership Should Prioritize Convenience And Transparency
It looks like Finance & Insurance were great for dealerships last year. In fact, prepaid maintenance programs (38.9%) and vehicle service contracts (43.9%) were their most profitable sellers. According to Auto News, Protective Asset Protection… Read More »How Finance & Insurance Helped Dealerships In 2018
In 2019, dealerships have a lot of competition when it comes to returning buyers, servicing, and simple repairs. However, if you focus on the customer experience first, you’ll keep them coming back for years to… Read More »Four Tips to Keep Customers Coming Back to Your Dealership
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
If you’re reading this, you’re likely aware of all of the moving parts involved when running an auto dealership. Complications can arise from a poor workflow system, technicians making mistakes, and even simply going through… Read More »Best Auto Dealer Management Software Picks For 2019