Developing a department or team to acquire private party seller vehicles within a dealership is a valuable and, at times, challenging pursuit. There are huge benefits to becoming a seller advocate. Having this service provides […]
Manheim has released its review of car sales and vehicle prices for the second quarter of 2018. Jonathan Smoke is the chief economist for Cox Automotive, the parent company of Manheim. He reports that while […]
We all know the old motivational cliche “hard work pays off” and we know it’s true – but it’s only part of the truth. The exact truth is that it takes more than simply working […]
According to economists at Cox Automotive, there should be roughly 2.7 million pre-owned vehicle sales during 2018. The forecast, should it come to pass, would mean another year of record CPO sales. At the same […]
Recently, while traveling for business, the unexpected happened, as it often does. While driving on the freeway at about 75 miles per hour we had a tire blowout. It was a hot day and we […]
Like everyone else, auto dealers have been watching the news about this year’s onslaught of hurricanes with a weary eye to the future. Moving past the human cost and watching as towns and cities begin […]
Managing modern pre-owned operations in a profitable manner has become an increasingly difficult venture in today’s competitive and aggressive market. Finding quality vehicles that can be priced to move quickly has become more expensive than […]
Sales Slip as Harvey Changes the Auto Forecast Back in August industry experts agreed that the auto industry was set to see a sales advance for the first time in 2017. But then Harvey came […]
As Used Car Prices Soften, Dealers Take a Hard Line (AutoRemarketing) Prices on used cars, trucks, and SUVs may be softening somewhat, but that doesn’t mean dealers are demanding any less. Recent trends indicate that […]
How Hurricane Harvey Affects Car Dealerships and Local Industry News about Hurricane Harvey has focused mainly on evacuations, forecasts and live reporting on what has been going on in and around Texas over the past […]
