Auto Remarketing

OCTOBER 22, 2024

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. Well, Black Book said on Tuesday that the estimated used retail days to turn is now at roughly 57 days.

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Floorplan Rebate Retail Automotive 98

Auto Remarketing

MARCH 27, 2024

The Q4 Haig Report , which tracks trends in auto retail and their impacts on dealership values, showed 528 dealerships changed hands in 2023 — the third-highest annual volume on record, but down from a record 707 in 2021 and 566 in 2022. Sharply rising inventories and floorplan expense are pushing down profits at most stores.

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Floorplan Retail Dealerships Deal 59

Full Path

JULY 30, 2024

As we moved into July, there were signs of recovery in the retail vehicle market. Interest Rates and Their Impact: Automotive Market & Leasing Trends 2024 Borrowing costs are deterring many potential buyers, and the previously red-hot job market is beginning to cool. Yet, beneath these positive indicators lies a deeper issue.

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Floorplan Down Payment Dealerships Insurance 52

Auto Remarketing

OCTOBER 6, 2023

automotive retailers. The study makes a robust case that the dominant vehicle “buyers” of the future prefer the benefits of a subscription/rental over a purchase, and, indeed that may be one of the best ways EVs go “mainstream.” A long time ago, an automotive retailer sold vehicles. First, the research.

Term 52

Term Floorplan Retail Sales 52

Canadian Auto Dealer

NOVEMBER 4, 2024

Some dealers are branching into other business areas to spread out their risk and reap new rewards S ome auto dealers are transforming into retailers who also happen to sell vehicles. The fact we’ve accommodated (new EV buyers) on that front is great. We make sure we always have them in stock.” Wizard Lake Marine was profitable.

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Dealerships Floorplan Retail Finance 52

Dealer World

MARCH 17, 2025

The strength of the buy/sell market in 2024 was largely driven by growing industry confidence in the future of auto retail sales and profitability. The report also reveals that franchise diversification was critical to a dealership groups success in 2024 as the auto retail market bifurcated into have and have not franchises.

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Retail Dealerships Marketing Floorplan 75