Solera

AUGUST 26, 2024

In today’s competitive automotive market, it’s not just a strategy; it’s essential for creating exceptional customer experiences and securing long-term loyalty. Understanding Proactive Outreach in Automotive Retail Proactive outreach involves anticipating customer needs and addressing them before they arise.

Retail 130

Retail Software Automotive Professional Services 130

Auto Remarketing

FEBRUARY 26, 2025

As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. The used vehicle market also saw growth in hybrid and EV sales.

Management 52

Management Automotive Marketing Vehicle Electric Vehicles 52

AutoSuccess

JUNE 5, 2024

Inventory management remains critical for auto retailers today in determining profitability, customer satisfaction and operational efficiency. million vehicles, near the bottom of the range of forecasts — 15.6 Power/GlobalData, Cox Automotive and S&P Global Mobility 1. What can dealers do to combat this?

Retail 40

Retail Management Vehicle Automotive 40

Solera

OCTOBER 15, 2024

Introduction In the fast-paced world of automotive retail, independent dealerships often face stiff competition from larger counterparts. While it may seem like a David vs. Goliath scenario, there are strategic approaches that indie dealerships can employ not only to survive but thrive in the market.

Customer Service 130

Customer Service Automotive Marketing Auto Market Retail 130

AutoSuccess

OCTOBER 25, 2024

Lotlinx ’s Q3 Quarterly Vincensus Report, which 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, is now available. Click here to access the full Q3 Quarterly Vincensus Report.

Vehicle 52

Vehicle Automotive Marketing Management Retail 52

Auto Remarketing

JANUARY 29, 2024

That includes a “normal seasonal trend” when it comes to depreciation in the wholesale vehicle market, along with “modest growth trajectory” in the new-car segment, Black Book said in a report Monday. Furthermore, the composition of available inventory in the used vehicle market is forecasted to shift.”

Car 98

Car Automotive Marketing Retail Used Cars 98

Auto Remarketing

SEPTEMBER 20, 2024

Cars Commerce’s latest look at the used-vehicle market is an old story. As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. over August 2023, with the vast majority of that increase coming from vehicles more than 7 years old.

Used Cars 97

Used Cars Car Vehicle Automotive Marketing 97

AutoSuccess

SEPTEMBER 30, 2024

1 Given this shift and the variables that exist in today’s retail automotive market, one truth remains: a dealer’s bottom line. These playbooks are focused on the nuance and market trends of retail automotive and specifically tailored to assist in sales tactics and align with dealer profitability.

Retail 52

Retail Automotive Marketing Auto Market Media 52

Auto Remarketing

MAY 17, 2024

Inventory management remains critical for auto retailers today in determining profitability, customer satisfaction, and operational efficiency. million vehicles, near the bottom of the range of forecasts — 15.6 Power/GlobalData, Cox Automotive and S&P Global Mobility. What can dealers do to combat this?

Management 52

Management Retail Vehicle Automotive 52

AutoSuccess

JULY 12, 2024

DriveCentric , which combines augmented intelligence with automotive sales expertise, announced a significant enhancement to its platform thanks to its innovative collaboration with VINCUE. VINCUE provides a modern end-to-end inventory lifecycle solution for retail automotive dealerships.

Retail 52

Retail Automotive Marketing Automotive Management 52

Auto Remarketing

MAY 7, 2024

Vincensus is a syndicated report designed to demonstrate the state of automotive inventory across major OEMs and serve as a detailed comparative analysis that shows how each OEM is performing against industry benchmarks so dealers can see where they rank among their competition. “By

Automotive Marketing 52

Automotive Marketing Retail Automotive Vehicle 52

AutoSuccess

FEBRUARY 6, 2025

automotive market. Criminals increasingly use fake and stolen identities to take advantage of automotive dealers driving off with vehicles during test drives or securing financing fraudulently. . Our mission is to develop technology solutions that resonate with the dynamic needs of todays market.

Finance 40

Finance Retail Automotive Automotive Marketing 40

AutoSuccess

MAY 9, 2024

Each month and quarter, the Vincensus Report will offer deep real-time data and insights visibility into the trends shaping OEM-specific and dealership inventory for both new and used vehicles, as well as key data on vehicle pricing and markdowns. ” Click here to download the inaugural Q1 Vincensus Report.

Management 52

Management Automotive Marketing Retail Vehicle 52

AutoSuccess

MAY 21, 2024

of the transaction value, amount to a significant expense when applied to the sale of a vehicle. Enhanced Competitive Edge By effectively managing processing costs, dealerships can offer more competitive pricing on vehicles, financing options and after-sales services. Credit card processing fees, which can range from 1.5%

Car Dealership 52

Car Dealership Finance Automotive Marketing Management 52

AutoSuccess

AUGUST 20, 2024

As we continue to navigate the shifting landscape in auto retail, one thing has become crystal clear: the days of cost-cutting have ended. In December, I wrote about how to make wise cuts to your marketing as the market retracted, and that was the right move then. The SAAR, after all, only accounts for new vehicle registrations.

Consulting 52

Consulting Retail Car Vehicle 52

AutoSuccess

JANUARY 29, 2024

. “A decade from now, when we look back at the years immediately following the global pandemic of 2020, we’ll be awed by the dramatic swings and unprecedented circumstances the economy and auto market endured,” said Cox Automotive Chief Economist Jonathan Smoke. auto market being steered by five key themes.

Auto Market 40

Auto Market Electric Vehicles Automotive Electricity 40

Auto Remarketing

JUNE 12, 2024

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. Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.

Automotive 52

Automotive Automotive Marketing Auto Market Retail 52

AutoSuccess

FEBRUARY 21, 2025

Lotlinx announced its Q4 Quarterly Vincensus Report, which 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. Aged inventory hit 54%, its highest level of the year.

Automotive Marketing 52

Automotive Marketing Automotive Vehicle Retail 52

Auto Remarketing

OCTOBER 29, 2024

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.

Vehicle 52

Vehicle Automotive Marketing Retail Automotive 52

Auto Remarketing

MARCH 28, 2024

Courtesy of the internet, smartphones and other technologies, consumers know more about vehicles and how to acquire them than ever. Consumer Insights Report from CarGurus reinforced this market condition. Six primary findings from the sixth annual U.S. Here are the six survey findings that prompted CarGurus to make those assertions.

Finance 52

Finance Vehicle Automotive Marketing Retail 52