Remove APR Remove Retail Remove Supply Chain
article thumbnail

Why Dealers Need to Keep Marketing – Even with Low or No Inventory

Automotive Mastermind

auto market is struggling, impacted by supply chain, labor, logistics, inflation, and wider economic concerns,” said Chris Hopson. As of mid-December, used retail days’ supply was 49 days, up two days year over year but down three days compared with the same week in 2019. sales volumes are expected to reach 14.8

article thumbnail

Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

This is an especially important tactic to maintain in today’s automotive retail space as trends have evolved quicker than ever. Still, S&P Global Mobility notes the average APR has risen for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300–600. APR in August versus 5.4%

Buyer 52