Carscoops

JULY 1, 2024

In 2021, new-car leasing rates fell from one in three to one in six, reducing the number of buyers as leases end. Certified pre-owned cars will also see a reduction in supply as fewer lessees turn in vehicles to dealers. The cause was increased demand, in part thanks to stimulus checks, which saw more buyers looking to buy a new car.

Lessee 119

Lessee Supply Chain Buyer Sales 119

Motor Trader

JULY 24, 2024

The partnership supports the expansion of HPI data which already supports buyers by assessing the accuracy of insurance markets, usually identifying cloned vehicles and other issues.

Supply Chain 104

Supply Chain Insurance Buyer Technology 104

Women Automotive Network

JUNE 13, 2024

The Panel Jennifer Brace , Chief Futurist, Ford Motor Company Brandon Faurote , VP Advanced Design, Stellantis North America Marian Maroki , Buyer, Exhaust Systems, General Motors Stephanie May, Commercial Director, Women Automotive Network Meet the Panelists Jennifer Brace : Jen is the Chief Futurist at Ford Motor Company.

Automotive 130

Automotive Women Supply Chain Networking 130

Autocar

APRIL 1, 2024

Chinese firm is "keen to have" Dacia Spring rival in UK, and sees suitable space in its line-up BYD’s UK bosses are keen for the company to offer the low-cost BYD Seagull electric car to British buyers. We’re switched onto supply chain and logistics and ‘build our own’“ when it comes to components.

Supply Chain 108

Supply Chain Logistics Cargo Networking 108

Carscoops

FEBRUARY 21, 2024

Only weeks after discovering that the Lyriq had been put on the government’s naughty list by virtue of it containing two components that didn’t pas the Treasury’s sourcing stipulations, Cadillac has managed to introduce production changes to the battery system that ensure buyers regain access to the full tax credit allowance.

Supply Chain 115

Supply Chain Buyer Management Sales 115

Motor Trader

JUNE 21, 2024

Craig Purvey, BCA CCO said: “We are delighted to be able to announce these significant new and retained remarketing deals which will secure a substantial volume of stock to present to BCA’s growing buyer audience. The new and renewed remarketing deals will ensure a substantial volume of high quality stock for BCA’s growing buyer base.

Deal 59

Deal Supply Chain Buyer Sales 59

Full Path

NOVEMBER 21, 2023

The automotive landscape is shifting due to affordability, increasing interest rates, and supply chain issues. With a shift in the automotive landscape where buyers are holding onto their vehicles longer, dealerships […] The post 5 reasons why your dealership can benefit from a loyalty program appeared first on PRO Consulting.

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Supply Chain Dealerships Consulting Automotive 52

Automotive Addicts

OCTOBER 1, 2024

Their relatively affordable price tags are drawing in more buyers, especially as larger, more expensive models become out of reach for many consumers. With vehicle prices slow to recede and interest rates remaining high, buyers are turning to more affordable options, but even those come with financial challenges.

Supply Chain 105

Supply Chain Sales Principal Finance 105

Jalopnik

DECEMBER 22, 2023

Pandemic-induced supply chain shortages are finally working themselves out, so there’s a good chance that 2024 will be a much better year for new car buyers. Still, an abundance of cars on dealer lots isn’t going to magically turn a $60,000 car into a $30,000 car.

Supply Chain 61

Supply Chain Buyer Automotive 61

Automotive Mastermind

NOVEMBER 18, 2022

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.

Buyer 52

Buyer Finance Supply Chain APR 52

Automotive Mastermind

SEPTEMBER 1, 2023

While traditional vehicle sales are relatively strong, the issues facing EVs suggests that buyers are still resistant to prices and infrastructure – like charging stations – which is still playing a significant role in their purchasing behavior. Since the start of the pandemic, supply chains have faced troubles due to countless global issues.

Supply Chain 52

Supply Chain Automotive Sales Dealerships 52

AutoSuccessOnline

JULY 9, 2024

Cox Automotive announced it has promoted Joe Kichler to senior vice president of digital inventory and supply chain solutions. In his previous role, Kichler’s leadership was instrumental in digitizing Ready Logistics’ transportation solutions through a strategic partnership with DHL Supply Chain.

Supply Chain 52

Supply Chain Automotive Logistics Consulting 52

Motor Trader

JUNE 4, 2024

During the initial stages of the pandemic, there was massive supply chain disruption, especially around availability of microprocessors. “As However, if there is equipment that buyers are expecting missing, it does make a vehicle more difficult to sell. Is the buyer able to request some kind of discount?

Supply Chain 64

Supply Chain Manufacturing Retail Buyer 64

Carscoops

JUNE 4, 2024

Related: 2025 Volvo EX90 Combines Electric Power With Three-Rows For $76,695 But the passport will also show information about a battery ’s health, which will help provide peace of mind for buyers when the cars hit the used market, and make it easier to assess the value of a used EV.

Supply Chain 115

Supply Chain Dealerships Development Buyer 115

DealerTrack Insights

APRIL 25, 2022

Here are just a few… Supply Chain Shortages It’s no secret that inventory is taking a hit from industry-wide supply chain shortages. But the real “kicker” is how it’s impacting buyer habits. Find out how thriving dealers are utilizing the right data to match deal-to-buyer and win against their competitors.

Supply Chain 52

Supply Chain Dealerships Retail Buyer 52

Automotive Addicts

FEBRUARY 14, 2024

This move, announced by the Treasury, marks a departure from the previous system where buyers could only claim tax credits on their vehicles after filing their tax returns the following year. electric vehicle supply chain, particularly reducing dependence on China.

Rebate 105

Rebate Supply Chain Manufacturing Buyer 105

Shawn Ryder

SEPTEMBER 28, 2024

When potential buyers can access verifiable information about a vehicle’s past, decisions are made with more confidence, ultimately improving customer satisfaction. Streamlining Supply Chain Management Blockchain can significantly enhance the efficiency of supply chain operations in automotive dealerships.

Technology 52

Technology Supply Chain Finance Dealerships 52

Dealer World

MARCH 25, 2024

However, as the market dynamics for supply chains have reverted back to a more pre-pandemic landscape, combined with a still-challenging economy, dealers find themselves facing new challenges. With the economy and supply chains stabilized, competition among auto dealers is again intensifying.

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Management Supply Chain Retail Customer 82

Drive.com

SEPTEMBER 5, 2024

Now is the time to buy a second-hand ute or SUV, as used car buyers move away from heavier, less fuel-efficient models. New data shows Australian buyers are favouring light, fuel-efficient used cars over heavy, thirsty second-hand models like utes and SUVs, amid dwindling consumer confidence and eroded disposable incomes.

Supply Chain 89

Supply Chain Buyer Marketing Manufacturing 89

Autocar

SEPTEMBER 6, 2024

Explosive comments from the CEO of Vertu Motors, one Britain’s biggest car dealer groups, referenced the ZEV mandate as having created a “ state-imposed supply chain ”. Robert Forrester said that car makers were holding back the supply of ICE cars until 2025 while trying to push buyers into electric cars.

Supply Chain 63

Supply Chain Manufacturing Buyer Sales 63

Motor Trader

JUNE 25, 2024

That’s driven strong interest and good sales across private individuals and fleet buyers.” This is a manufacturer that controls everything involved in the manufacturing process other than glass and tyres through its own supply chain companies, giving it almost total control over the build process and end-quality.

Supply Chain 52

Supply Chain Manufacturing Dealerships Development 52

Car Examer

NOVEMBER 17, 2024

Why It Matters: This is great for younger buyers who aren’t ready to settle down with one car. Supply Chain Problems Are Still a Factor Remember the chip shortages that sent car prices soaring? These cars are inspected, repaired, and often come with warranties, giving buyers peace of mind. So, What’s Next for You?

Marketing 52

Marketing Supply Chain Banking Buyer 52

Carscoops

APRIL 15, 2024

Second, inflation and supply chain disruptions caused by the pandemic were felt particularly powerfully by automotive suppliers. Suppliers complain that they used to be able to drive to Michigan to meet with buyers in person. The fight stems from two factors. But that’s no longer the case with Stellantis.

Supply Chain 128

Supply Chain Deal Buyer Automotive 128

Drive.com

AUGUST 15, 2024

Buyers are now turning to the used car market to find a good deal on their next vehicle, but at the same time fewer people are listing their current ones for sale – as values finally start to even out after years of higher prices and unprecedented demand as a result of the COVID-19 pandemic and it’s impact on new vehicle supply chains.

Supply Chain 75

Supply Chain Deal Buyer Automotive 75

Carscoops

FEBRUARY 9, 2024

However, one notable absence is America, where buyers cannot access it. In addition to this challenge, Nissan is contending with rising interest rates and bottlenecked supply chains, which are hindering its ability to meet the demand for cars in the U.S. percent increase in sales.

Supply Chain 111

Supply Chain Technology Customer Marketing 111

Shawn Ryder

SEPTEMBER 28, 2024

By integrating these digital solutions, dealerships can cater to the tech-savvy younger demographics while maintaining engagement with traditional buyers. Supply Chain and Sourcing Considerations The globalization of the automotive supply chain means local dealerships must be more strategic in sourcing their inventory.

Marketing 52

Marketing Supply Chain Dealerships Finance 52

Drive.com

MARCH 29, 2024

Toyota is wary of wait-time dissatisfaction and has implemented new measures to ensure potential Prado buyers are not put through what many RAV4 Hybrid customers experienced during the pandemic. You’ll always have variables in any supply chain, even in a normal year, things happen,” Mr Hanley said.

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Supply Chain Banking Customer Buyer 98

Automotive Mastermind

MARCH 31, 2023

With the ongoing chip shortage and supply chain disruptions still hampering acquisition efforts, adding useful inventory has become a major challenge for dealerships. Compared to Q1 of 2022, the inventory trends in Q1 of 2023 reflect the continued impact of the chip shortage and supply chain disruptions on the industry.

Supply Chain 52

Supply Chain Dealerships Management Customer 52

AutoSuccessOnline

JUNE 4, 2024

However, as the market dynamics for supply chains have reverted back to a more pre-pandemic landscape, combined with a still-challenging economy, dealers find themselves facing new challenges. With the economy and supply chains stabilized, competition among auto dealers is again intensifying.

Management 52

Management Supply Chain Retail Customer 52

CarExpert

JUNE 27, 2024

Though these subsidies are based on conservative estimates, they cover factors such as buyer rebates, sales tax exemptions, infrastructure subsidies, research and development grants, and government procurement. These factors have essentially driven down the price for buyers, or allowed carmakers to get a head start in the industry.

Rebate 105

Rebate Supply Chain Consulting Development 105

Autocar

OCTOBER 14, 2024

But the £15k Spring is built in China, which significantly dents its profitability in Europe, and moving production here would be a "complicated thing to do" because of the huge work needed to rebuild the supply chain and logistics network.

Supply Chain 101

Supply Chain Logistics Networking Manufacturing 101

Shawn Ryder

JUNE 30, 2024

With AI handling tasks from lead generation to customer interactions, car dealerships can deliver a more tailored, efficient, and engaging experience for you as a buyer. - What are some of the key benefits of digital financing platforms for car buyers? How has technology made the financing process more user-friendly for car buyers?

Technology 52

Technology Dealerships Supply Chain Finance 52

Auto Remarketing

OCTOBER 24, 2023

However, with the current erratic economy brought on by the vagaries of supply chain disruptions and the looming labor strikes, embracing the power of data can be the difference between success and struggle for dealerships.

Supply Chain 52

Supply Chain Dealer Invoice Finance Dealerships 52

Autocar

FEBRUARY 5, 2024

There have been signs that demand for EVs has softened as firms look to expand sales from early adopters to the mass market, with those buyers put off in part by higher prices, while manufacturers are concerned about lower profit margins. “The So at least we as Volvo Cars in the premium segment have already reached parity in margins.”

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Supply Chain Manufacturing Development Sales 55

Carscoops

FEBRUARY 26, 2024

Among the many challenges brought about by the pandemic was the erosion of customer loyalty, prompting new vehicle buyers to explore various options. However, as supply chains have returned to something resembling normal, consumer behaviors, including loyalty, have also begun to stabilize. In 2022, brand loyalty stood at 50.2

Supply Chain 114

Supply Chain Manufacturing Customer Marketing 114

Auto Remarketing

NOVEMBER 14, 2024

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. A balanced portfolio A buyer will analyze a dealer’s sales portfolio.

Dealerships 52

Dealerships Automotive Principal Supply Chain 52

Car Examer

MARCH 28, 2024

But what exactly is driving this change, what can we anticipate in the coming months, and how does it impact car buyers? While fleet sales have seen a remarkable 19 consecutive months of growth, private new car buyers have experienced a different reality, with sales figures remaining subdued. Let’s dive into the details.

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Supply Chain Buyer Sales Marketing 59