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

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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.

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COMMENTARY: Shifting gears & key takeaways from the Lotlinx Q4 report

Auto Remarketing

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.

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Sales and Fixed Ops Collaboration Critical in Vehicle Reconditioning

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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.

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

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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. Traditionally, dealers have relied heavily on physical inspections and limited historical data when acquiring used vehicles.

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Cars.com Recognizes Top Dealers

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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.

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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.

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