Solera

AUGUST 8, 2023

Industry Trends in 2023 While the used car boom that sent prices sky high may be winding down, there is still a large demand for quality used vehicles. Offer financing options: Just like a variety of cars, customers like a variety of financing options. Here are some ways they do just that.

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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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Auto Remarketing

JANUARY 24, 2025

Dealers are expecting used-car operations to become more profitable and new-car profitability to decline in 2025. The 47% who project used-car profitability was well above the 21% who did so a year earlier.

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Auto Remarketing

MARCH 17, 2025

One other key benefit of bringing back in-house rental operations is inventory management. The best way to ensure a steady stream of late-model used vehicles at the mileage and age you want is to create them yourself at the store (at a cost written down through rental payments) without depending on third parties.

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AutoSuccess

SEPTEMBER 6, 2024

Higher rates lead to increased monthly payments, making vehicle financing more challenging. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans. This is a significant increase from two years ago, when the average new car interest rate was 4.1%

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Auto Remarketing

NOVEMBER 17, 2023

All dealers are facing the same challenges, but the best managers demand a strategic approach that goes beyond simply waiting for the market to rebound. Car dealerships can capitalize on this trend by emphasizing the quality and reliability of their certified pre-owned vehicles. therefore getting them cheaper.

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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. Then ensure staff are trained to use the new system effectively.

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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. Considering 24 months of consumer reviews, Subaru and Acura and Volvo among luxury brands emerged with the highest overall review ratings.

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AutoSuccess

APRIL 29, 2024

Benchmark Automotive Data , an automotive suite for actionable decision making across the dealership, announced the launch of Benchmark Data Suite, their platform designed to easily track and manage important data in one location for better decision making and profitability.

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Auto Remarketing

NOVEMBER 25, 2024

While the coming year is showing positive signs for used-dar dealers, we’ve learned that the future is never certain. No matter what curveballs are around the corner, there are key strategies used-car dealers should consider to consistently boost profitability. That’s when financing becomes more important.

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AutoSuccess

MARCH 22, 2025

Today, this pattern is packaged into digital vehicle portfolios (DVP), the visual, enticing and descriptive Wish Books grown-ups now use to shop and buy used cars from your dealership. Seal the deal before it starts by using DVPs to transform buyer trust and transparency and stimulate desire.

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Used Cars Vehicle Finance Car Dealership 52

The Mechanic Doctor

JUNE 16, 2023

Financing options: Explore different financing options available for used hybrids, such as bank loans or dealership financing. As a result, the car does not start, and the repair can cost around $2,000. This will help you assess the long-term financial benefits of owning a hybrid.

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