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.

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Customer Service Automotive Marketing Auto Market Retail 130

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.”

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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.

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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.

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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.

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Vehicle Automotive Marketing Retail Automotive 52

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.

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AutoSuccess

JANUARY 16, 2025

The National Automobile Dealers Association (NADA) Show, which will be held in New Orleans in January 2025, is one of the most impactful events in the automotive retail sector. Networking Opportunities The event attracts professionals from across the automotive industry, including manufacturers, vendors and other dealerships.

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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?

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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.

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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

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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.

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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%

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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.

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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.

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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.

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Automotive Automotive Marketing Auto Market Retail 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.

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