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How Data-Driven Insights Are Shaping Inventory Management in Auto Retail

AutoSuccessOnline

Effective inventory risk management is key for a dealership’s success in today’s digitally driven automotive world. A prevalent strategy among dealers is to utilize price markdowns, dealer trades and extended warranty offers to manage inventory carryover. Notably, 40% of dealers apply price markdowns on a weekly basis.

Retail 40
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Lotlinx Industry Survey On Inventory Carryover & Markdown Strategies Reveals Major Disconnects And Challenges Faced By Dealers For Modern Retailing

Dealer World

The majority of dealers (18%) manage inventory carryover with price markdowns, dealer trades, and extended warranty offers, followed by 16% conducting aggressive marketing campaigns. The Lotlinx platform provides automobile dealers and manufacturers with enhanced operational control over their retail business.

Retail 89
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Industry Trends in Marketing and Sales in the Automotive Sector: A Comprehensive Analysis

Turbo Marketing Solutions

In today's fast-paced automotive industry, keeping a pulse on emerging marketing and sales trends can make or break your competitive edge. These nuances reveal the intricate balance between digital convenience and traditional experiences that will shape future strategies in automotive marketing and sales.

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Nissan Allows Dealers To Sell Cars At A Loss, Up To 15% Below Invoice

Carscoops

Several signs point to the automotive market, or at least certain sections of it such as EVs, is cooling off a little bit, and Nissan is feeling the brunt of it. According to Cox Automotive, vehicles on Nissan dealer lots are sitting there for around 98 days before buyers snap them up.

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Negotiation Tactics for Automotive Professionals: Strategies for Successful Car Sales

Turbo Marketing Solutions

One crucial negotiation tactic for automotive professionals is to employ the "Anchoring" technique, setting a favorable reference point for price discussions. Preparing for Negotiations Before heading into negotiations, it's essential for automotive professionals to be well-prepared.

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The Next-Gen Automotive F&I Experience Has Arrived

Dealer Inspire

Today I’m happy to let you know that our Instant Financing technology is now available within Online Shopper , our end-to-end retailing solution. Instant Financing within Online Shopper ushers in the next-gen retailing era that allows customers to get a pre-approved, locked-in payment from your lenders on the vehicle of their choice.

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iA Financial Group adds online sales with Clutch investment

Canadian Auto Dealer

It became one of Canada’s largest retailers of used vehicles in 2023. At the moment, they can buy iA Financial Group extended warranty and guaranteed asset protection products.