Auto Dealerships Will Be Just Fine In 2019

New & Pre-Owned Sales signAccording 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: “The current posture of the U.S. economy is strong. A tight labor market continues to put upward pressure on wages, which are rising. Consumer spending, a significant contributor to GDP, remains solid. It’s a positive sign that consumers are spending money.”

In 2019, NADA expects there to be roughly 16.8 million sales in light trucks and new cars– a 3% decrease from 2018’s fourth straight year of 17 million units.

However, Manzi warned that the rising interest rates for auto loans will impact the affordability of vehicles for consumers in the coming year. With rates and monthly payments expected to rise, he says younger consumers will shift to the used car market. “This is a great opportunity for dealers to get these customers into nearly new certified-pre-owned vehicles.”

With the used car market’s expected increase, software companies have developed software to make the reconditioning process as efficient as possible to maximize profits. Products like ReconMonitor can help you track each vendor or employee task and identify what order those tasks are being performed. This helps you execute auto remarketing at maximum speed, and ensure you have the stock available to meet consumer demands.

Press Release: NIADA Partnership

AutoMobile Technologies Partners With NIADA to Help Dealerships Create and Manage CPO Inspections

Custom Software for NIADA Members Enables Digital Inspections for CPO Designations on Used Vehicles
Arlington, Texas (Dec. 12, 2018) —  Auto inspection and reconditioning software provider AutoMobile Technologies, Inc., has come on board with the National Independent Automobile Dealers Association as a new National Member Benefit partner, making AMT’s digital inspection software available to association members and enabling them to designate select vehicles with certified pre-owned status.
AMT_logo.pngAMT’s cutting-edge technology delivers best-in-class mobile vehicle inspection and auto reconditioning management services to independent auto dealers and brings a powerful, mobile-enabled, innovative, easy to implement, efficient and customer-centric vehicle inspection reporting resource to NIADA Certified dealers, enhancing inventory listing differentiation and customer trust through the digital or physical lot.
AMT’s InspectionNotes software enables the association’s members to complete the comprehensive 125-point NIADA Certified vehicle inspection electronically and generate digital and paper condition reports for the certification.
That allows dealers to integrate CPO inspections into their existing intake and reconditioning operations, and provide the value and security of CPO designation to their customers while increasing margins and decreasing turn time.
“We are proud to join with NIADA in providing its members the ability to offer NIADA Certified vehicles to their customers,” AMT executive vice president of operations Eric Meahan said. “We have seen the competitive advantage CPO vehicles have given our franchise clients, benefiting them in both revenue and customer satisfaction. The NIADA Certified program allows independent dealers to level the playing field with a similar solution.
“We applaud NIADA for adding this valuable program to its member services offerings.”
The InspectionNotes software allows technicians to scan a VIN on their mobile phone or tablet to begin the process, which takes them through a series of questions, ensuring each required item is inspected and verified. The resulting report is delivered in PDF format that can be loaded to website listings, emailed or printed to share with buyers.
InspectionNotes is a component of AMT’s ReconMonitor software, which gives dealerships visibility, command and control of the entire reconditioning process from acquisition to front line and every step in between.
“AMT brings an innovative commitment to the best in market technology, ease of use and corresponding profitability for our dealer members on the front and back end of their stores,” NIADA senior vice president of member services Scott Lilja said. “For our CPO dealers in particular, the mobile inspection solution is a huge enhancement over the current manual process, enhancing productivity, quality and ability to display both on the physical and digital lot.”
For more information, visit https://amt.company.
About AutoMobile Technologies
Since 2006, AMT has been building software applications to help companies in the automotive industry replace paperwork, enforce processes and gain instant visibility into business operations, regardless of team size and geographic distribution. Our mission is to distribute easy to use, affordable solutions to help dealerships, PDR and SMART Repair technicians, detailers and reconditioning companies improve customer service, make more money and eliminate back-office inefficiencies.

About NIADA

The National Independent Automobile Dealers Association (NIADA) is among the nation’s largest trade associations, representing the used motor vehicle industry comprised of more than 38,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA’s grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry.

For more than 70 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA programs and educational opportunities is available at www.niada.com and www.niada.tv.

NIADA HEADQUARTERS
2521 Brown Boulevard
Arlington, TX 76006
(800) 682-3837
FLORIDA OFFICE
1800 Second St., Suite 104
Sarasota, FL 34236
(888) 906-8283

Original release link here.

Man in auto repair shop using tablet computer

How to Manage Your Inspections Without the Paper Chase

Knowledge is power, and complete and thorough inspections are your best source of knowledge for damage assessment and reconditioning operations. But did you know how else you can use inspections to boost your sales and profits? Click to watch how InspectionNotes gives you what you need without all the paper.