Auto Remarketing

OCTOBER 20, 2023

Several market dynamics are currently in motion creating an opportune moment to buy wholesale used vehicles. However, there are a few things you should know to have a better chance of success when it comes to sourcing and managing your used vehicle inventory. The right car always includes your core inventory that sells well.

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Used Cars Management Car Retail 52

Jalopnik

JANUARY 29, 2024

We’ve known for a while that things weren’t going great for the online used car dealer Vroom. Back in 2022, it was sued by the state of Texas for its shady sales practices and later that year managed to lose more than $50 million in a single quarter.

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Used Cars Car Management IT 61

Solera

AUGUST 8, 2023

Independent car dealerships must remain competitive compared to other independent dealers in their area and large national chains with big budgets, a strong brand identity, and access to a nationwide inventory. Offer financing options: Just like a variety of cars, customers like a variety of financing options. How do they do that?

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Auto Service World

FEBRUARY 15, 2025

You might be surprised to discover that your junk car holds more value than you expect. Recent information shows junk car prices throughout the United States vary from $50 to $3,000 while most buyers offer between $100 and $500 based on different circumstances. Recent developments continue to reshape the used car market landscape.

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AutoSuccess

FEBRUARY 15, 2024

Dealerships in 2024 will continue to face used car sourcing challenges. I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.”

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Used Cars Car Vehicle Management 52

Auto Service World

OCTOBER 24, 2024

You just happen to fix cars, a shop coach told a room full of shop owners, technicians and advisors. You are not at the shop to fix cars. What I’m doing is using cars to create relationships. Because I’m in the relationship business, not the car business. You’re in the people business.

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Used Cars Car Vehicle IT 278

AutoSuccess

FEBRUARY 2, 2025

I mean growing sales margins, making more confident trade appraisals and working the used car operation to increase cash flow. More Efficient New and Used Vehicle Sales: Missing a service delivery promise chills retention. Now they meet customers on a level field, both able to discuss any used car on your lot intelligently.

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Used Cars Vehicle Management Car 52

AutoSuccess

OCTOBER 21, 2024

Used vehicle acquisition is competitive, expensive and nuanced, even for the best car dealers. While some dealerships are happy sending their used car manager to the auction, others who aren’t satisfied with that approach need to get a little scrappy and think outside the box. Where Do You Find Them?

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Used Cars Car Car Dealership Management 52

AutoSuccess

SEPTEMBER 28, 2024

Pros: o Complete Control: You pick the cars and the price. When using a private-party management software, dealers see up to an 84% reduction in acquisition costs and two to three times total purchases per month. The post Mastering Used Car Acquisition: Lead Generation Basics appeared first on AutoSuccessOnline.

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Used Cars Car Management Retail 52

Auto Remarketing

JANUARY 18, 2024

Same goes for the used-car market, it seems. Despite a slowdown from the prior month and the heights reached in the summer, used-car sales in December capped what ended up being a pretty solid year, according to Cox Automotive. In fact, used-car sales (overall and retail) fell sequentially in both November and December.

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Used Cars Retail Car Vehicle 52

AutoSuccess

OCTOBER 11, 2024

Yet, many dealerships continue to use spreadsheets or fragmented systems that fail to communicate across departments, leading to inefficiencies, miscommunication and missed opportunities. This lack of visibility delays the car’s journey to the sales lot, increasing holding costs and reducing potential profit.

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Used Cars Car Management Mechanic 52

Auto Remarketing

MARCH 6, 2025

As part of the inaugural Automotive Intelligence Awards , Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.

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Automotive Finance Used Cars Retail 52

AutoSuccess

MARCH 28, 2024

We have been speaking about the persistence of margin compression throughout the pandemic years — and urged dealers in February 2022 to heed the signs and sharpen pre-COVID selling, inventory management and customer relationship skills. How do you manage margin compression here? With a focus on predictable outcomes.

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Used Cars Management Retail Vehicle 93

AutoSuccess

MAY 22, 2024

For car dealers, this represents a $22 billion opportunity in warranty work. Maher, a third-generation car dealer, leveraged his experience to create a solution that addresses this problem head-on. It began with a spontaneous idea to check used car listings on Autotrader for recalls, which turned out to be a lucrative endeavor.

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Management Used Cars Automotive Car 111

AutoSuccess

NOVEMBER 21, 2024

In 2024, dealerships face a challenging landscape, with revenue and new car sales on the decline. As profit margins tighten, managing profitability has become more crucial than ever. However, amid these challenges, used vehicle sales present a bright spot.

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Automotive Marketing Automotive Management Vehicle 52

AutoSuccess

SEPTEMBER 3, 2024

During the coronavirus pandemic, inventory was historically low, customers frequently paid above MSRP and financed cars at higher interest rates and for longer periods of time. This in turn has resulted in a surplus of new cars sitting on lots. To avoid holding costs, dealerships must sell new car inventory quickly.

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Car Software Finance Management 93

Auto Remarketing

NOVEMBER 25, 2024

If you sell new cars, you have the ability to take in trade some 2- to 6-year-old vehicles, with a high percentage coming from your own brand. This not only gives you higher quality vehicles, but you know that models that sold well new will sell well used. When you create service loyalty from your new-car customers, magic happens.

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Used Cars Vehicle Car Management 52

AutoSuccess

JANUARY 16, 2025

This free update allows car owners to record and share a short video walk-around of their vehicles, enhancing the process for dealerships and customers alike. Used car managers gain greater visibility into vehicles they are most interested in acquiring and receive notifications about new video submissions.

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Vehicle Used Cars Management Car 52

AutoSuccess

JANUARY 16, 2025

Repair OnDemand announces the launch of five upcoming enhancements to their reconditioning management system, Repair360, at NADA 2025. By giving instant access to reconditioning data from any platform displaying a vehicles VIN, fixed ops and used car teams will receive valuable insights into a vehicles location and status.

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Used Cars Management Vehicle Car 52

Auto Remarketing

JANUARY 14, 2025

The focus is shifting from customer-facing AI applications to leveraging these technologies for back-end data optimization, particularly in inventory management and operational efficiency. Its not just about inventory management; rather, its the powerful intersection of inventory data, audience data, and media consumption data.

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Retail Management Vehicle Media 59

Auto Remarketing

JULY 26, 2024

Traditionally, dealerships relied on historical sales data, market trends, and personal experience to manage inventory. Understanding inventory risk management in the data age Car dealers today have a wealth of data to help sell vehicles from their lot. Today, dealers are leveraging 190 different data points to help sell a car.

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Management IT Retail Vehicle 59

PA Auto Inspection

SEPTEMBER 28, 2021

Some vehicle owners think that if the car is working fine, it does not require any maintenance. Well, the truth is that your car requires maintenance so that it can continue to function smoothly. When you adhere to regular car maintenance, you reduce the chances of major problems that could cost you a lot more money.

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Preventative Maintenance Used Cars Car Vehicle 40

Auto Remarketing

MARCH 18, 2024

As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. The pandemic has accelerated changes in consumer behavior and expectations, leading to a notable shortage in the new- and used-car day’s supply.

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Retail Car Consulting Automotive 98

AutoSuccess

JANUARY 24, 2025

The focus is shifting from customer-facing AI applications to leveraging these technologies for back-end data optimization particularly in inventory management and operational efficiency. It’s not just about inventory management; rather, it’s the powerful intersection of inventory data, audience data and media consumption data.

Retail 52

Retail Management Vehicle Media 52

AutoSuccess

FEBRUARY 16, 2024

The solution then layers this information with an interactive 360-degree spin, using captured spins or eight or more photos to generate a spin, ultimately creating a unique interactive shopping experience full of rich vehicle content.

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Used Cars Car Vehicle Automotive 40

Auto Remarketing

FEBRUARY 26, 2025

Despite these gains, ICE vehicles still constitute the majority of used car sales, reflecting a more gradual shift in the transition to electrification. Performance varied among OEMs, with some experiencing strong sales growth, while others encountered hurdles with pricing and inventory management.

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Auto Remarketing

JANUARY 24, 2025

The report cited its December survey of more than 1,000 consumers to show preference for SUV and trucks has dropped slightly SUVs down from 44% in 2023 to 43%, trucks from 9% to 7% and crossovers from 8% to 6% while car segments rose in popularity. The 47% who project used-car profitability was well above the 21% who did so a year earlier.

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Trucking Finance Used Cars Automotive 52

AutoSuccess

MARCH 11, 2025

Brands With the Best Experience While individual dealerships play a crucial role in shaping the car-buying experience, a brand’s overall reputation also influences consumer trust and loyalty. The post Cars.com Recognizes Top Dealers appeared first on AutoSuccessOnline.

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Finance Automotive Utilities Car 52

Auto Remarketing

NOVEMBER 25, 2024

Independent car dealerships had to navigate a number of trends in 2024, from supply constraints to consumers reacting to new economic pressures. While the coming year is showing positive signs for used-dar dealers, we’ve learned that the future is never certain. When buying cars in your community, give people a fair price.

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Car Transportation Used Cars Finance 52

AutoSuccess

JULY 26, 2024

Traditionally, dealerships relied on historical sales data, market trends and personal experience to manage inventory. Understanding Inventory Risk Management in the Data Age Car dealers today have a wealth of data to help sell vehicles from their lot. Today, dealers are leveraging 190 different data points to help sell a car.

Retail 40

Retail Management IT Vehicle 40

Auto Remarketing

SEPTEMBER 1, 2024

The Federal Emergency Management Agency (FEMA) is leading the disaster response in Alabama, Florida, Georgia, South Carolina, North Carolina and Tennessee after the devasting flooding and storm surge created by Hurricane Helene last week. is creating a storm that dealership managers could be seeing for the foreseeable future.

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Consulting Used Cars Vehicle Insurance 80

AutoSuccess

JANUARY 14, 2025

By securing a VSC post-sale, dealers can lock in this relationship, encouraging repeat business for future car purchases. Additionally, a well-maintained car with a solid service record becomes a valuable trade-in option, presenting an opportunity to enhance the dealerships used car inventory with well-cared-for vehicles.

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Vehicle Manufacturing Management Customer Service 52

Auto Remarketing

NOVEMBER 17, 2023

The world of car dealerships is a dynamic and ever-evolving industry that operates in tandem with economic cycles. In a down market, car dealerships face unique challenges that test their adaptability and resilience. While high-end cars may see reduced demand, affordable, fuel-efficient vehicles may become more popular.

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Car Dealership Customer Service Finance Management 105

AutoSuccess

MARCH 20, 2024

As mentally ambidextrous as I want to think I am, I marvel at the responsibilities dealership general managers carry on their shoulders. So, I ask myself, do the technology solutions GMs buy from us add to their burden? This confidence is critical in two phases of used car operations — reconditioning and appraisals.

Used Cars 52

Used Cars Management Hospitality Mechanical Repairs 52

AutoSuccess

SEPTEMBER 6, 2024

cars or roughly two vehicles, according to Money Geek. This means the average household spends over $2,000 per month to own and maintain their cars. Purchase Prices : The Manheim Used Vehicle Value Index highlights that used vehicle prices have skyrocketed due to supply constraints and increased demand.

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Vehicle Insurance Finance Used Cars 98

Autoblog: Repairs

SEPTEMBER 1, 2024

Like wax products, ceramic coatings add a protective layer between a car's clear coat and the elements. It won't fix paint major issues, but it will keep a clean car clean for longer and can help reduce the visibility of small scratches. In short, a ceramic coating is invisible protection for your car. What is ceramic coating?

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Car Management Vehicle Used Cars 52

Auto Remarketing

JANUARY 8, 2025

For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth.

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