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U.S. Auto Sales Growth Slows in Q3 as Consumers Grapple with Rising Costs

Automotive Addicts

Their relatively affordable price tags are drawing in more buyers, especially as larger, more expensive models become out of reach for many consumers. Chris Hopson, principal analyst at S&P Global Mobility, highlighted that many consumers are finding it difficult to justify the monthly payments required to finance a new car.

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Vehicle shipping crisis to extend new car delivery times in Australia

CarExpert

In a dealer bulletin obtained by CarExpert , Ford Australia told its Eastern Region dealer principals, sales managers and stock controllers that industrial action by Qube staff at Port Kembla and other ports since early December would impact deliveries of the new-generation S650 Mustang , which were due to take place in January.

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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

One of the biggest keys to success for dealers in the automotive industry is to consistently keep up with their buyers’ preferences. The ability to accurately predict exactly when a buyer will be returning to market poses an invaluable opportunity for dealers to proactively engage customers.

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COMMENTARY: How blockchain is set to transform the automotive industry

Auto Remarketing

This innovation could: Reduce fraud: By ensuring that all data related to a vehicles past cannot be altered, dealers and buyers can trust the information, reducing the risk of misrepresentation in vehicle sales. Imagine a system where every vehicles maintenance, ownership, and accident records are securely recorded on a blockchain.

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The current state of automotive dealership M&A: Focusing on performance optimization

Auto Remarketing

Understanding the reduction in dealership sales As of 2023, the automotive industry has been navigating challenges such as supply chain disruptions, changing consumer preferences, and rising interest rates. What dealer principals should be focused on — is what they can control.

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

Automotive Mastermind

“Looking back at a tumultuous year for auto demand, the December sales result reflects apparent steadiness in the market,” said Chris Hopson, principal analyst at S&P Global Mobility. auto market is struggling, impacted by supply chain, labor, logistics, inflation, and wider economic concerns,” said Chris Hopson. .”