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Used-vehicle sales are expected to increase just under 1% this year, according to a forecast from Cox Automotive, with overall used volume expected to climb from 35.9 million and retailused sales (those involving a dealer) projected to climb from 19.0 Software, marketing, and data firm ZeroSum also. million to 19.2
We talked with their usedcar manager, Bryan Bough, about their private-party buying program. They didnt just tweak their existing process; they completely reinvented how they acquire usedcars. Higher Margins: The dealership earned an average of $7,000 per car by combining front-end sales, financing and service revenue.
Private-party vehicle acquisition is one of the most talked-about trends in retail automotive. 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. Dealers have been leveraging AI and automation to scale outbound.
The latest book from Rapid Recon founder Dennis McGinn, “ASPIRE to Predictable,” outlines ways the dealership reconditioning software company brings predictability to a general manager’s day. This problem has been – and continues to be — a challenge for usedcar profitability, particularly regarding mechanical repairs.
This enhancement introduces new solutions focused on UsedCar Pricing, Service Management, and New Car Sales Negotiation, further empowering dealerships to optimize their operations and profitability. “Our upgraded AI Factory is not just a technological advancement.
If you want to manage inventory holding costs and bolster your earnings per share, consider how your usedcar reconditioning operates. Cars get sale-ready within three to five days of acquisition. Those who use the scoreboard as a monthly progress metric have more consistent three-to-five-day time-to-line.
The software suite includes a user-friendly dashboard that offers analysis and reporting across key dealership areas including digital marketing, inventory retailing, lead handling, sales performance and finance performance.
This profit per vehicle strategy couldn’t have come at a better time,” said Jared Ricart, president of the Ricart Automotive Group, whose usedcar operation sells 600 to 800 usedcars monthly. Increase profits from parts, customer-pay services, and usedcars. Eliminate chargebacks to sales.
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