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Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccess

In today’s economic climate, consumers are grappling with extreme inflationary pressures affecting vehicle ownership. Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. According to AAA, the average annual cost has surged by $1,454 to $12,182 per vehicle.

Vehicle 98
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A Look at How Auto Lenders and Retailers Continued Back Office Digital Adoption in Q4

AutoSuccess

The auto finance and retail industries continued to embrace the adoption of digital documentation and back-office strategies toward the end of 2024. Over the past four years, digital adoption in the auto finance sector has surged by 106%, illustrating a long-term strategic shift toward modernization. auto market.

Retail 40
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Report shows consumers ‘speaking with their wallets’ on affordability concerns

Auto Remarketing

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As days on market) and 2-3 year-old (58.5

Finance 52
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COMMENTARY: AI and auto — perfecting pricing strategies

Auto Remarketing

AI for merchandising is not the only way this innovative new technology is shifting the auto remarketing industry, however. Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles.

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Cox Automotive Makes World-Class Connections at NADA 2024

AutoSuccess

The venue will provide Cox Automotive the opportunity to demonstrate how it is working to change the way the world buys, sells, owns and uses vehicles. “We are excited to showcase the most complete and connected ecosystem in the auto industry at the NADA Show 2024, which is undoubtedly the auto industry’s event of the year.”