Assumptions are a dangerous byproduct of our industry and we all need to check ourselves when it comes to stopping an idea in its tracks based on emotional biases and unsupported knee-jerk reactions.
Increasing a dealerships service absorption begins with the reconditioning for its used car inventory and ends with the timely service marketing of those customers.
The Black Book April Retention Index broke yet another record, reaching 152.4 points.
As the semiconductor shortage slashes vehicle production, rental car companies are taking extreme measures to bolster their fleets. The businesses are buying used vehicles at auction.
Retail inventory levels, new and used, continue to be a challenge and the limited availability of quality vehicles in the wholesale market is also proving to be a challenge for buyers.
Enriched features help dealers save time, puts account information at their fingertips.
The Cox Automotive Industry Insights team is forecasting a sales pace of 16.5 million in April, down from the surprise 17.7 million in March, but a healthy number nonetheless.
In addition, Quantum5 will acquire Dave’s successful Fixed Ops Mastermind and Vision and Values Coaching brands enabling him to carry on his vision.
Inventory levels continue to be tight, both in the new and used retail markets, as well as the wholesale market, further fueling the price required to source used inventory.
Fixed Ops 5 will focus on the customer experience in the service drive, profitability opportunities and fixed operation of dealerships.
This month, tens of millions of federal stimulus checks hit bank accounts across the country. If last year is any guide, many of those will wind up being used to buy powersports vehicles of one type or another.
Catalytic converter replacements most common as average vehicle age increases.
History Adjusted Residual Values are an industry first.
The market continues to increase, but the rate of weekly gains has slowed while still remaining at levels that would be record-setting by any historical comparisons.
While most luxury car lease payments decrease monthly rates, select SUVs greatly increase rates.
