AutoSuccess
NOVEMBER 21, 2024
In today’s evolving auto market, one thing remains crucial: focusing on volume and exceptional customer service will naturally drive gross. In today’s market of compressed margins, dealerships are too fixated on protecting gross. This approach is costing deals — and, ultimately, gross profit.
AutoSuccess
SEPTEMBER 6, 2024
Interest Rates : Interest rates for auto loans have risen sharply. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% Higher rates lead to increased monthly payments, making vehicle financing more challenging. for used car loans.
AutoSuccess
APRIL 29, 2024
Some emerged during the pandemic, while others were long-term trends in the auto market, such as the overall cost of components, parts availability, shortage of labor and more expensive technology found in today’s vehicles. Why the increase? Experts have said it’s a combination of multiple factors.
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