article thumbnail

How to keep your independent car dealership competitive

Solera

Industry Trends in 2023 While the used car boom that sent prices sky high may be winding down, there is still a large demand for quality used vehicles. Provide excellent customer service: This includes your parts and service departments if you have them. The more choices your customer has, the better.

article thumbnail

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

Auto Remarketing

Car dealerships can capitalize on this trend by emphasizing the quality and reliability of their certified pre-owned vehicles. This not only attracts budget-conscious buyers but also allows dealers to profit from higher margins on used cars. therefore getting them cheaper.

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. Paired with AI data analysis that tracks broader real-time market trends and identifies customer preferences and requirements, used car dealerships can provide buyers with flexible real-time pricing.