10 ways to beat the inventory shortage & future-proof your dealer
A new model for short supply & virtual selling in 2022 and beyond Car prices and demand are at all-time highs, driven by inventory shortages and supply chain disruptions. Sure, you’re probably making more money on the cars you can sell–but you’re also turning customers away. After all, if the cars aren’t on the lot, […]
Millennials demand a modern car-buying experience
Today’s consumers want choice and flexibility in everything they do—and that includes car buying. Gone are the days when people preferred to come into the dealership to purchase a car. Nowadays, most car buyers start the process online and expect an Amazon-like experience across their online and in-store interactions.
Digital transformation & bigger loans: how auto finance is evolving in 2022
2022’s latest research shows double-digit loan increases and an urgent demand for digitization Out of more than 28 million automotive transactions in 2021, roughly two-thirds still happen on paper, not digitally according to research from Automotive News and Wolters Kluwer. With consumers’ unstoppable demand to buy nearly everything online, that’s an eye-opening statistic for any […]
The dealer’s inventory shortage playbook
Cars might be selling for record numbers and padding dealer profits, but it’s harder than ever to restock inventory and keep customers happy. That’s why we created this playbook for navigating the inventory shortage. You’ll learn how to make the most profits on lean stocks and avoid turning away customers. Beyond that, there’s crucial advice […]
The highs and lows of the car inventory shortage
Chip shortages and plant shutdowns are just a couple of the major disruptions automakers have experienced in the last few years. And even though average sale prices are soaring above $44,000, higher margins and quicker sales can’t make up for an industry-wide 12% decrease in new-vehicle sales. Check out these six ways the dealer business […]
How the car inventory shortage is changing the dealer business
Car inventory shortages drive up prices, frustrate everyone, and disrupt the industry If you’re like almost every dealer across the country, your lot’s looking a little… empty. Between chip shortages and plant shutdowns, nearly every major automaker has experienced some kind of production slowdown in the past two years. What started as a pandemic issue […]
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