Are franchise dealers sourcing used vehicles these days from a decreasing pool of the right cars? If so, where can dealers go to better source the right kind of vehicles for their dealerships? This video and podcast features auto industry veterans talking about tips and insights for wholesale sourcing dependability this Spring.
used car marketing
Carvana wants to buy your car and let you conduct 100% of the transaction online. They will give you a quote, come get your car, and hand you a check. But is this the best way to go? Here’s what to consider with Carvana’s offering.
Margin Compression? What, if anything, is squeezing profitability in used cars from dealers? Here are 3 Ways to Increase Profitability in Used Cars for 2019. From OEM mandates, incentives, and razor-thing margins, to used vehicle acquisition, time-to-line, etc., this post sets the stage for what challenge lay ahead for auto retailers in 2019.
In a recent twist, automotive veteran and visionary Dale Pollak and his company vAuto have unveiled a new way of thinking. For nearly a hundred years, the standard way of thinking has been that the longer you hold on to a vehicle, the less you will make on it.The myth, Pollak states, is that vehicles have diminished profit opportunity as they age according to calendar days. But Pollak says this is not true.
Tweet Margin compression. You could say it’s an industry buzzword. However, it’s been a topic of discussion for a few years now. Profits in new cars are effectively gone for good. And they have been…