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Vehicle inventory swings back, maybe too far

Auto Service World

After years of shortages, dealership lots are now overflowing with vehicles, marking a significant shift in the automotive market as supply catches up with demand. Automotive data company Cloud Theory reported this month that new vehicle inventory was up 23 per cent in 2024. These days, were seeing about $4,00.

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CarData, Inc., Velocity Automotive Marketing Acquire Tristar Digital Services

AutoSuccess

in partnership with Velocity Automotive Marketing , announced its expansion intoSouthern Californiathrough the acquisition ofTristar Digital Services. Velocity Automotive Marketing Acquire Tristar Digital Services appeared first on AutoSuccessOnline. CarData, Inc. , It’s a win-win for everyone.”

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Why there’s a growing need to be more digital

Auto Service World

Those who can successfully integrate these elements will likely thrive in this evolving market. It noted that technological advancements are at the forefront of the digital transformation in the automotive industry. As these innovations continue to evolve, they will play a crucial role in shaping the future of automotive commerce.

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ASW Conversations: Navigating the Canadian auto landscape, with Todd Campau

Auto Service World

The Canadian automotive market is charting a distinct path compared to its southern neighbour, with electric vehicle adoption outpacing the United States and unique trends emerging in consumer preferences and the aftermarket. While theres nuance to each market, there are differences between Canada and the U.S.

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EV momentum cools but growth still there

Auto Service World

Todd Campau, associate director of the aftermarket at S&P Global Mobility, addressed shifting trends in electric vehicle (EV) sales and the evolving dynamics of the green automotive market during a presentation at AAPEX 2024. EVs crossed a significant milestone of one million new units sold in the U.S.

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Deceived Fisker Ocean Owners Get an Offer They Can't Refuse From JPMorgan Chase

autoevolution

Fisker sent shockwaves throughout the automotive markets when it filed for ( continue reading. ) Specifically, the bank that financed Fisker Ocean purchases partnered with Rivian to buy back Fisker vehicles at a fair price.

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Live Chat Revs Up Automotive Marketing in 2024

AutoSuccess

According to Cox Automotive, the new vehicle inventory supply is near its highest point since June 2020. Although the 2024 market outlook remains positive with an estimated 15.4 Once again, belts are being tightened in some areas while spending in other areas, such as marketing, is rising out of necessity.