article thumbnail

How to keep your independent car dealership competitive

Solera

Independent car dealerships must remain competitive compared to other independent dealers in their area and large national chains with big budgets, a strong brand identity, and access to a nationwide inventory. It can be tough out there, but many independent dealerships are not only competitive, but they thrive.

article thumbnail

COMMENTARY: 8 tips to be adaptive & thrive in a down market

Auto Remarketing

The world of car dealerships is a dynamic and ever-evolving industry that operates in tandem with economic cycles. In a down market, car dealerships face unique challenges that test their adaptability and resilience. This is where pre-owned vehicles come into play.

article thumbnail

COMMENTARY: AI and auto — perfecting pricing strategies

Auto Remarketing

Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles. This serves as a starting point for the ultimate price of the vehicle and can be a negotiating tactic for dealerships.