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For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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To help car buyers find the best, highly-rated, value-oriented and well-equipped vehicles, the experts at Autotrader recently named the 10 Best Used Cars of 2020 that are great alternatives to a new car.
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By connecting with the customer and your team, you have the opportunity to make your paycheck and the car buying experience great again.
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APC executives report significantly higher response and close rates for second-chance service contracts in March and April, when stay-at-home orders suppressed vehicle sales and F&I production.
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Moving to an all-digital format has not slowed dealers’ ability to secure the vehicles they need to grow their businesses.
Read More →API standardization democratizes, accelerates dealer-vendor integrations.
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Black Book recently published an update to their COVID-19 Market Updates, which includes current wholesale prices & price trends, used wholesale price trends & projections, a look at the retail vertical, new vehicle sales outlook, and used vehicle supply projections.
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Credit approvals see significant rebound from April rates.
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In the wake of COVID-19, dealers and F&I managers are wondering what continued impact this pandemic will have on the industry. Black Book’s SVP of data science and VP of automotive valuations, shared their analyses and predictions, of what you and other automotive executives may face as we move forward.
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The latest measure shows values have never been higher, an indication there is rapidly growing demand for used-vehicle inventory.
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