According to industry reports, August used vehicle sales should reach somewhere in the neighborhood of 3.4 million units, giving the industry a seasonally adjusted annualized rate of 39.8 million, down slightly from last year’s SAAR at this time.
And new vehicle SAAR is down 3 straight months.
While the U.S. economy continues to show strength, the auto industry is feeling the pressure of affordability issues, a general saturation point with new-vehicle sales and an influx of off-lease products. As a result, vehicle inventories continue to rise, prompting dealers and automakers to push new incentives to keep sales flowing.
These is the primary talking point of this month’s Used Car Marketing Dealer Strategy Session. Sign up here to be part of the conversation. Other bulletins and talking points include…
- Penske bullish on its standalone used-vehicle store strategy – adds 15th store
- Remarketing & Used Car Industry’s 40 Under 40 Honorees for 2019
Join us live at 2pm Central (US & Canada)
Sign Up to Participate
Come be part of the discussion, either as a Panelist or an Attendee, on Thursday September 5th at 2 PM Central (US & Canada).
- Sign up with this link, or view the live stream right here on AutoConverse.
Get Involved – Post Your Comments Below
Let us know your thoughts and questions ahead of time by placing your comments below. Even if you aren’t able to make the live panel discussion we will bring them on during the conversation.
About this Session
This Expert Panel Discussion is brought to you by Vehicle Acquisition Network – Connecting Dealers with Private Sellers. For more information about VAN go to www.autoconverse.com/van
Other Bulletins and Talking Points…
Penske launches 15th used-car standalone store
Penske, the nation’s second-largest new-vehicle retailer, plans to add four used-only superstores this year, including two on the East Coast and two in the United Kingdom. Sales volume at the company’s used-vehicle stores is projected to increase by nearly 30 percent in 2019.
Used-vehicle sales at Penske’s superstores in the U.S. and U.K. jumped 75 percent last year to 71,013.
Remarketing & Used Car Industry’s 40 Under 40 Honorees for 2019
In year five of Auto Remarketing’s annual Remarketing & Used-Car Industry’s 40 Under 40, you will find the current- and next-generation leaders of the business who are making big differences in the industry — and at their respective companies.
Auto Remarketing is honored and thrilled to recognize these folks and celebrate their accomplishments. The list of this year’s honorees, listed in alphabetical order by last name, can be found below.