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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. Actually, in a lot of cases, inventory is higher than the dealerships would like, Campau observed of the current automotive inventory landscape.

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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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Creating Predictable Profit in a Volatile Automotive Market

AutoSuccess

However, amid these challenges, used vehicle sales present a bright spot. While the broader market may struggle, used car sales have remained steady, providing a significant opportunity for dealerships to focus on areas within their control to drive more predictable profit.

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Over-the-TOP Hyper-Targeted Marketing for Automotive Sales and Service

AutoSuccess

This widespread adoption presents a fertile ground for advertisers, especially in the automotive sector, where precision and timing are crucial. The Relevance of OTT in Automotive Marketing Car buyers today spend much of their decision-making time online, researching vehicles, reading reviews and comparing prices.

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Navigating the shift: Key insights from the Lotlinx Q3 2024 Automotive Market Report

Auto Remarketing

As we look back on Q3, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10% sales increase for new vehicles despite challenges like the CDK Global cyber incident. Q3 brought a renewed focus on managing inventory.

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Benefits of Dealerships Attending NADA and Leveraging It for Product Discovery

AutoSuccess

Access to Cutting-Edge Industry Insights NADA Show provides dealers access to the latest trends in automotive retail, including shifts in consumer behavior, advancements in technology and regulatory updates. Identifying Revenue-Boosting Opportunities Many exhibitors at NADA present products that can create new revenue streams for dealerships.

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3 Carfax Alternatives for Canada Vehicle Reports

The Mechanic Doctor

The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics When purchasing pre-owned vehicles, having a detailed history report is crucial. While Carfax is a well-known option in the United States, Canadian consumers and dealers seek reliable alternatives that cater to the Canadian market. taxi, rental, lease), and many more.

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