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Lotlinx: Q3 shows high day supply, largely aging vehicle inventory

Auto Remarketing

Here’s more evidence the used-car market is a complex place nowadays. The entire report that offers insights into the current state of the automotive retail market for both new and used vehicles, inventory risk, vehicle sales, consumer preferences and markdown/pricing strategies can be downloaded here.

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Lotlinx launches Vincensus Report for monthly/quarterly look at market data

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“This visibility enables agile responses to local and tier-two market changes, optimizing inventory management and pricing strategies, and ultimately driving a distinct competitive advantage in the dynamic automotive market.”

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Benefits of Outsourcing Title Work

AutoSuccess

Have you ever downloaded the title clerk’s training manual from your state DMV? Outsourcing allows car dealerships to streamline operations and their employees to focus on what they do best — sales and customer service. In today’s competitive automotive market, efficiency must be a priority.

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Cox study shows dealership service lanes losing market share, consumer trust

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The survey also found dealers believe one of the top reasons new car owners don’t return to them for service is a fear of being overcharged. There is a general expectation that EVs don’t require service or have minimal service needs, but that is not the case,” Cox Automotive market and customer research manager Kayla Reynolds said.

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Cox survey finds dealer sentiment stable – at a pessimistic level

Auto Remarketing

In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. The full results can be downloaded here.

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CarGurus’ latest consumer analysis shows continued push toward online buying & selling

Auto Remarketing

The automotive market has seen incredible change within the last few years, with pricing and inventory levels in flux, EVs becoming more mainstream, and more paths to purchase — especially online — available for shoppers,” CarGurus director of product marketing Alison Ciummei said in a news release.

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