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Lane watch: The numbers battle involving full-size pickups

Auto Remarketing

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.

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Automotive Tech Entrepreneur Joe Neiman Launches DealerClub

AutoSuccessOnline

Sellers, meanwhile, benefit from increased bidder confidence in their vehicles as their rating increases, bringing in additional deals at higher values, creating additional selling success and unlocking further economic incentives. The post Automotive Tech Entrepreneur Joe Neiman Launches DealerClub appeared first on AutoSuccessOnline.

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NextGear Capital Offers Tips for Independent Dealer Success in 2024

AutoSuccessOnline

Cox Automotive expects small gains in the used-vehicle market, despite limited availability. Be aware of how much credit you have — especially if you have multiple floorplan lenders — and stay away from hard money lenders who drain a dealer’s cash flow daily. Stay informed about software options for managing your floorplan.

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Dealership diversification

Canadian Auto Dealer

About four years later, the company branched out into automotive retail acquiring Tillsonburg Kia. In 2021, it added to its holdings with a powersport marina when it acquired Sudbury Yamaha in a package deal that also included Sudbury Mitsubishi. Likewise, if the RV market goes down, we have automotive.