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Sending a full-size truck to auction appears to be as much of a heartburn-triggering situation for franchised dealers as seeing that new model sitting in inventory and on the store floorplan for 100 days or more. Data from Black Book, Cox Automotive and J.D. One other note from the wholesale market.
Buyers and sellers alike are looking for a no-surprises experience. With the seller’s reputation on the line, buyers can be confident the vehicle they bid on is the vehicle they get. Real-Time Auctions DealerClub offers flexibility for both buyers and sellers. “DealerClub believes in those dealers.
In today’s automotive landscape, consumers and dealerships are caught in a complex web of economic pressures. Explore 2024 automotive market and leasing trends, with strategies for dealerships to navigate economic pressures and boost profitability. Yet, beneath these positive indicators lies a deeper issue. record set in Q4 2023.
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The Australian Automotive Dealers Association said it was also concerned about how the gaps in the fine print would play out for its members. “We That would leave dealers paying significant floorplan interest costs. In an attempt to comply with the law, OEMs could load their dealers with certain stock that might not necessarily sell.
I was listening to a panel discussion with some very esteemed automotive economists recently, and in discussing the prospects of electric vehicle sales growth in the United States, a shocking, though true, fact was agreed to by all. automotive retailers. A long time ago, an automotive retailer sold vehicles. First, the research.
The fact we’ve accommodated (new EV buyers) on that front is great. About four years later, the company branched out into automotive retail acquiring Tillsonburg Kia. Likewise, if the RV market goes down, we have automotive. If traditional automotive goes down, we have subprime. The car business analyzes everything.”
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