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Given continued used-car supply woes, trade-ins remain win-win for dealers & consumers

Auto Remarketing

million-unit deficit in the number of 1- to 3-year-old vehicles expected to re-enter the pre-owned car market in the near future, leading to a “sparse and expensive” picture for dealers’ used-car inventories, Cars Commerce says in its 2024 Automotive Trends report released Wednesday. There is roughly a 10.2

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Cars.com Recognizes Top Dealers

AutoSuccess

Dealers can track what consumers think of their business if they utilize Cars.com’s Experience Report. 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.

Finance 52
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Car Pros Honda El Monte Honored with Second Honda Masters Circle Award

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Car Pros Honda El Monte has received the 2023 Honda Masters Circle award from American Honda Motor Company Inc. The dealership is part of the Car Pros Automotive Group, one of the fastest growing automotive groups in the United States. This includes the Civic, Accord, HR-V, CR-V, Passport and Pilot sport utility vehicles.

Car 52
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From Sale to Service: Building Loyalty and Profitability Post-Sale 

AutoSuccess

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.

Vehicle 52
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Car Wars Announces Innovative Updates and Solutions at NADA 2024

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Car Wars is announcing new and upcoming technology advancements at NADA 2024, Feb. Car Wars said in a press release its mission is to maximize the vast potential of AI and large language models while strongly utilizing the human element at the core of their approach.

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FrogData Unveils AI-Connected Dealership Platform

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By utilizing AI models trained specifically for automotive retail challenges, FrogData is setting a new standard in how dealerships leverage technology for business growth, the company said. Enhancing Customer Relationships: Utilizing predictive analytics to personalize marketing efforts and improve customer engagement.

Retail 52
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Navigating Shrinking Margins: Acquisition Lessons from the Stock Market for Dealers

AutoSuccess

This stands in sharp contrast to dealers who often face the challenge of uncertainties in used car acquisitions due to a lack of comprehensive data. There’s a significant technological gap between the resources available to stock investors and those used by dealers. The practical implications of this are significant.