AutoSuccess

SEPTEMBER 6, 2024

In today’s economic climate, consumers are grappling with extreme inflationary pressures affecting vehicle ownership. Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. The Impact of Inflation on Vehicle Ownership Inflation creates significant increases in the cost of vehicle ownership.

Vehicle 98

Vehicle Insurance Finance Used Cars 98

AutoSuccess

JULY 9, 2024

It’s no secret that dealers are facing a complex set of challenges when sourcing used car inventory. While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the used car market and complicating dealerships’ ability to source inventory effectively.

Used Cars 59

Used Cars Car Finance Car Dealership 59

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. At CarOffer, we also have data that backs this up.

Used Cars 52

Used Cars Management Car Retail 52

Auto Remarketing

MAY 1, 2024

A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. However, there are deals to be had in the used-car market for alternative-fuel vehicles — even beyond government rebates — that could help dealers overcome those shopper objections.

Banking 95

Banking Vehicle Alternative Fuels Electric Vehicles 95

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.

Automotive Marketing 52

Automotive Marketing Automotive Management Vehicle 52

Auto Service World

OCTOBER 24, 2024

And for this industry, it’s done by fixing vehicles. Reasons can vary from a customer buying a new vehicle to death to a family member opening a shop and the business going there. What I’m doing is using cars to create relationships. Because I’m in the relationship business, not the car business.

Used Cars 278

Used Cars Car Vehicle IT 278

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.

Retail 59

Retail Management Vehicle Media 59

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.”

Used Cars 52

Used Cars Car Vehicle 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. Customers can now easily take the next step to showcase their vehicle with a simple video recording, giving dealerships a more comprehensive view of submitted vehicles.

Vehicle 52

Vehicle Used Cars Management Car 52

Auto Remarketing

DECEMBER 8, 2023

A topsy-turvy ride at the county fair or an amusement park might be fun, but when it comes to used-vehicle prices, such ups and downs can wreak havoc for dealers, auctions, remarketers, forecasters and more. Good thing for the auto industry is that signs point to “less of a roller coaster in the new year,” according to Cox Automotive.

Vehicle 98

Vehicle Automotive Used Cars Management 98

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

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.

Used Cars 93

Used Cars Management Retail Vehicle 93

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.

Used Cars 52

Used Cars Management Vehicle Car 52

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

SEPTEMBER 28, 2024

Private-party vehicle acquisition is one of the most talked-about trends in retail automotive. Pros: o Complete Control: You pick the cars and the price. o Unique Inventory: You can’t find these personally touched vehicles anywhere else. You aren’t at the mercy of someone or something else. What’s Your Acquisition Strategy?

Used Cars 52

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.

Used Cars 52

Used Cars Retail Car Vehicle 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.

Used Cars 52

Used Cars Car Car Dealership Management 52

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.

Used Cars 52

Used Cars Vehicle Car Management 52

AutoSuccess

OCTOBER 11, 2024

This lack of visibility delays the car’s journey to the sales lot, increasing holding costs and reducing potential profit. Every day a vehicle waits for reconditioning is a day of lost revenue. When all departments, sales, service and management, have access to real-time information, the guesswork and finger-pointing disappear.

Used Cars 52

Used Cars Car Management Mechanic 52

AutoSuccess

MAY 22, 2024

Ryan highlights the immense scale of warranty recalls in the United States, with over 70 million vehicles affected. For car dealers, this represents a $22 billion opportunity in warranty work. It began with a spontaneous idea to check used car listings on Autotrader for recalls, which turned out to be a lucrative endeavor.

Management 111

Management Used Cars Automotive Car 111

Auto Remarketing

JULY 26, 2024

Carryover inventory — vehicles that remain unsold for extended periods — ties up capital, incurs holding costs, and often requires discounting and markdowns to clear off the lot. Traditionally, dealerships relied on historical sales data, market trends, and personal experience to manage inventory. million and 1.2

Management 59

Management IT Retail Vehicle 59

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. Once seemingly overvalued, older cars will take the biggest hit, while late-model cars will hold steady or decline slightly, mirroring the trend for new cars.

Car Dealership 130

Car Dealership Car Finance Customer Service 130

AutoSuccess

JANUARY 14, 2025

Vehicle service contracts (VSCs) are a powerful tool that can help dealers improve profitability, retain customers and even encourage new purchases down the line. By securing a VSC post-sale, dealers can lock in this relationship, encouraging repeat business for future car purchases. Benefits of Post-Sale VSCs 1.

Vehicle 52

Vehicle Manufacturing Management Utilities 52

Auto Service World

FEBRUARY 15, 2025

I’ll demonstrate the steps needed to enhance your junk car’s value to ensure a quick sale. What you’ll learn: The sale price of your junk car can vary greatly depending on when you choose to sell. Increased steel and aluminum prices result in higher payouts for your vehicle. vehicle auction market reached $3.32

Car 130

Car Insurance Vehicle Electronics 130

Auto Remarketing

JULY 16, 2024

To navigate this complex landscape, it’s essential for auto dealers to better understand the nuances of vehicle markdowns and debunk the prevalent myths that surround them. Approximately 69% of used car listings and 76% of new car listings do not experience a significant increase in organic or direct views following a price reduction.

Vehicle 59

Vehicle Retail Management Insurance 59

Auto Remarketing

OCTOBER 6, 2023

The wholesale used-vehicle market ended the third quarter with some stability, but the duration of that steadiness likely hinges on how the United Auto Workers strike unfolds. As one analyst put it, the used-car market has reached a “crossroads.” Black Book’s Used Vehicle Retention Index for September came in at 159.3,

Vehicle 64

Vehicle Retail Automotive Used Cars 64

AutoSuccess

JANUARY 16, 2024

Velocity Automotive , Driven by Vehlo, now integrates its Engage digital vehicle portfolios with OEM window stickers and build sheets into sister company Rapid Recon , the company announced in a press release. “Without Velocity Automotive Vehicle Portfolios, a used car is just a used car.”

Automotive 52

Automotive Vehicle Used Cars Car 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. This speeds up the sale and transfer process while reducing reliance on intermediaries.

Automotive 52

Automotive Finance Consulting Education 52

AutoSuccess

JULY 10, 2024

The longer a vehicle spends in the reconditioning process, the less time it has to generate revenue on the sales lot. This is why early diagnostics have become a game-changer for dealerships looking to accelerate vehicle turnaround times. Dealerships thrive on efficiency to maximize profitability.

Vehicle 52

Vehicle Hospitality Mechanic Automotive 52

PA Auto Inspection

SEPTEMBER 28, 2021

However, when it comes to vehicles, we often ignore this concept. 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.

Preventative Maintenance 40

Preventative Maintenance Used Cars Car Vehicle 40

Auto Remarketing

JANUARY 24, 2025

Pickup trucks and SUVs have long been the dominant vehicles in the U.S. The survey showed 43% of consumers said they will definitely or most likely buy a new car, while 30% said the same about their likelihood of buying used, a 30% year-over-year drop.

Trucking 52

Trucking Finance Used Cars Automotive 52

AutoSuccess

JULY 17, 2024

Efficient vehicle reconditioning is essential for maintaining high customer satisfaction and dealership profitability. Why Collaboration Matters Preparing a used car for resale requires close coordination between sales, fixed ops and third-party vendors.

Vehicle 52

Vehicle Software Mechanic Management 52

AutoSuccess

JULY 26, 2024

Carryover inventory—vehicles that remain unsold for extended periods—ties up capital, incurs holding costs and often requires discounting and markdowns to clear off the lot. Traditionally, dealerships relied on historical sales data, market trends and personal experience to manage inventory. million and 1.2 million units, a roughly 2.6%

Retail 40

Retail Management IT Vehicle 40

AutoSuccess

FEBRUARY 16, 2024

It’s no secret that the vast majority of consumers are shopping for their next vehicle online. But what isn’t as well known is that consumers expect to learn everything they need to know about a vehicle in the online listing.[1]

Used Cars 40

Used Cars Car Vehicle Automotive 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.

Consulting 80

Consulting Used Cars Vehicle Insurance 80

AutoSuccess

FEBRUARY 7, 2024

Using BlueDriver Max, dealers will be able to plug the device into vehicles at auction, private trade-in and other acquisition touchpoints to quickly read diagnostic codes for an accurate understanding of the condition of the vehicle.

Vehicle 52

Vehicle Retail Management Automotive 52

AutoSuccess

SEPTEMBER 3, 2024

These circumstances have resulted in many customers being underwater with their pandemic-era purchase, and upgrading vehicles has become financially difficult. 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. Here’s how: 1.

Car 93

Car Software Finance Management 93