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.

Management 82

Management Supply Chain Retail Customer 82

Car Examer

NOVEMBER 17, 2024

That’s what car subscriptions are all about (terminology is just created to confuse consumer it’s just a short term rental). It’s perfect for people who want flexibility without the long-term commitment. Why It Matters: This is great for younger buyers who aren’t ready to settle down with one car. So, What’s Next for You?

Marketing 52

Marketing Supply Chain Banking Buyer 52

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

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. We must compete with that.”

Supply Chain 111

Supply Chain Technology Customer Marketing 111

Automotive Mastermind

SEPTEMBER 1, 2023

We’ll look at the latest developments, trends and shifts that are shaping the automotive landscape in terms of sales and inventory. Economic Factors and Sales Performance Economic conditions across the market majorly influence auto buyer purchasing power, which in turn shapes sales performance.

Supply Chain 52

Supply Chain Automotive Sales Dealerships 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

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

JULY 7, 2024

Private buyer sales fell to 67,625 last month, a notable decrease from 79,798 in the same period last year. Decrease in New Car Financing Car finance payments have risen, prompting longer contract terms. Despite previous supply chain disruptions due to the Covid pandemic, the demand for new cars has significantly declined.

Sales 59

Sales Supply Chain Finance Insurance 59

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.

Supply Chain 59

Supply Chain Buyer Sales Marketing 59

Autocar

FEBRUARY 5, 2024

Rowan also said those new EVs will match or better Volvo’s combustion cars in terms of gross profit margins. Rowan also highlighted the extra efficiency and margins that can be gained through the reduced complexity of the supply chain from an EV, due to the vastly reduced number of parts.

Supply Chain 54

Supply Chain Manufacturing Development Sales 54

Auto Remarketing

SEPTEMBER 1, 2024

But if the longshoreman strike on the East Coast and Gulf ports goes forward, the car market could face an even bigger challenge — a double whammy of supply chain disruptions,” Caputo wrote on LinkedIn. The supply of new cars will tighten, pushing even more buyers into the used-car market.”

Supply Chain 52

Supply Chain Consulting Repairing Insurance 52

Autocar

FEBRUARY 29, 2024

However, in 2023 the tide finally began to change as strained supply chains regained their strength, consumer confidence snowballed, and inflation began to drop. What we have, through this policy, is perhaps a compelling policy to drive supply – but not really a 360-degree strategy to drive the transition that’s required.

Supply Chain 99

Supply Chain Retail Manufacturing Logistics 99

Shawn Ryder

SEPTEMBER 20, 2024

Government Incentives: Many regions offer tax rebates and incentives for purchasing EVs, making them more attractive to buyers. Promote these features on your website and social media platforms to attract tech-savvy buyers. Actionable Steps for Dealerships: Educate your sales team on the benefits and features of EVs.

Technology 52

Technology Dealerships Automotive Supply Chain 52

Auto Remarketing

OCTOBER 22, 2024

This aligns with typical lease terms and company fleet replacement cycles. This lag is expected, as it takes time for new trucks to enter the used market, especially considering the lingering effects of past supply chain disruptions. on a sequential basis and 1.0% year-over-year.

Supply Chain 52

Supply Chain Retail Cargo Sales 52

Auto Remarketing

MARCH 18, 2024

The pandemic’s impact on car supply The initial outbreak of COVID-19 brought the global automotive industry to a near standstill. Manufacturing shutdowns, supply chain disruptions, and workforce constraints led to a significant drop in vehicle production.

Retail 98

Retail Supply Chain Consulting Dealerships 98

Drive.com

APRIL 26, 2024

Here, we break down the different EV battery types in layman’s terms. In the simplest terms, batteries convert the chemical energy of their components to electrical power through a process known as electrochemistry. However, LFP has become the go-to battery chemistry for manufacturers targeting budget buyers.

Supply Chain 100

Supply Chain Management Term Electronics 100

Automotive Mastermind

NOVEMBER 5, 2021

While some brands have seen only minimal dips in their year-over-year production, as disruptions to chip production continue to shake the automotive supply chain, no OEM is fully immune from the effects. As supply chain disruptions have translated into shortages on the lot, new vehicle sales have slowed in recent months.

Supply Chain 52

Supply Chain Automotive Sales Dealerships 52

Shawn Ryder

SEPTEMBER 28, 2024

Leveraging Supplier Relationships Strong relationships with suppliers can provide leverage for better pricing or payment terms. Communicate openly about your dealership’s challenges and explore options like bulk purchasing discounts or deferred payment terms.

Dealerships 52

Dealerships Supply Chain Finance Customer 52

Turbo Marketing Solutions

SEPTEMBER 6, 2024

Interestingly, while online research has surged—with 92% of buyers conducting pre-purchase research—79% still prefer visiting dealerships in person. Modern car buyers are placing increasing importance on sustainable solutions, and this significant uptick in EV sales is a strong signal of their commitment towards eco-friendly mobility.

Automotive 52

Automotive Marketing Sales Supply Chain 52

Autocar

FEBRUARY 29, 2024

However, in 2023 the tide finally began to change as strained supply chains regained their strength, consumer confidence snowballed, and inflation began to drop. What we have, through this policy, is perhaps a compelling policy to drive supply – but not really a 360-degree strategy to drive the transition that’s required.

Supply Chain 52

Supply Chain Retail Manufacturing Logistics 52

Motor Trader

AUGUST 9, 2024

As the storm moves on, all hell breaks loose, and I wonder if that’s where we are now as well in terms of the industry outlook? Geopolitical risks remain, particularly in Ukraine and the Middle East, but in industry terms we (perhaps sadly) have adjusted for that and replanned where necessary with new suppliers and supply chains.

Supply Chain 52

Supply Chain Quota Networking Modification 52

Automotive Mastermind

FEBRUARY 17, 2023

Looking from a broader perspective, brand loyalty has been declining since March 2020 when it stood at 56.3%, immediately before the start of the pandemic and the start of the supply chain challenges, according to S&P Global Mobility, Is Car Inventory Improving?

Customer 52

Customer Dealerships Supply Chain ROI 52

Automotive Mastermind

FEBRUARY 9, 2023

According to the Vehicle Buyer Journey survey recently conducted by S&P Global Mobility: ● 56% of consumers in the US would be willing to wait more than one month for delivery of an ordered vehicle. ● In fact, according to a recent study, 41% of buyers said they plan to pre-order their next vehicle through a local dealership.

Dealerships 52

Dealerships Supply Chain Customer Buyer 52

Automotive Mastermind

OCTOBER 12, 2023

While most OEMs have bounced back in terms of manufacturing, pressure on the supply chain remains with risk of further disruption. Thankfully the semiconductor shortage is – mostly – over for the industry, according to S&P Global Mobility.

Management 52

Management Dealerships Supply Chain Retail 52

Auto Remarketing

OCTOBER 20, 2023

The top three things used-car managers should pay attention to right now are to be active buyers, reduce average inventory cost, and lean on market data for more informed decisions. Be an active buyer The disparity between wholesale and retail values is quite significant. So that is a compelling reason to be active buyers right now.

Management 52

Management Retail Supply Chain Repairing 52

Autocar

JANUARY 31, 2024

Equally, the long-term role of the dealer in the sales model is changing dramatically as a result of gradually evolving consumer behaviour and the new agency model being investigated – or even adopted – by many manufacturers. First, the long-term shift towards online buying over bricks-and-mortar footfall.

Retail 52

Retail Automotive Supply Chain Manufacturing 52

Auto Remarketing

JULY 31, 2024

In reality, though, the pre-owned market might be the most critical aspect of the long-term viability of the EV/BEV market in the U.S. However, despite the growth, the challenge for many consumers remains giving a BEV a try when there are still so many questions about the long-term viability and value of their investment.

Sales 52

Sales Supply Chain Manufacturing Retail 52

Automotive Mastermind

DECEMBER 3, 2021

As the industry days’ supply has plummeted, so has brand loyalty, with IHS Markit finding significant correlation between the two metrics between April and September 2021. While new vehicle sales are expected to remain constrained due to supply chain issues throughout most of 2022, there are optimistic signs on the horizon for dealers.

Supply Chain 52

Supply Chain Finance Dealerships Customer 52

Jato

DECEMBER 12, 2023

Initially, this year-on-year expansion was attributed to easing supply chain issues, but demand for new cars has continued, though largely driven by fleet sales. While powertrain shares are changing rapidly, uptake of BEVs among private buyers is perhaps not as strong as expected.

Automotive 52

Automotive Supply Chain Retail Development 52

Automotive Mastermind

JUNE 17, 2022

Now, amid inventory shortages and historically high vehicle prices, nurturing a dealership’s automotive customer retention program against competitor’s conquest attempts has become key – critical to both immediate and long-term success. buyers dropping to a six-year low in 2021.

Customer 52

Customer Dealerships ROI Term 52

Automotive Mastermind

MAY 26, 2022

auto buyers dropping to a six-year low in 2021. How to Approach Buyers as Service Costs Increase Building trust with buyers is critical here, too. million units amid continued semiconductor challenges and ongoing supply chain, logistics and worker related issues.

Customer 52

Customer Supply Chain Dealerships Logistics 52

AutoRaptor

APRIL 23, 2024

From the moment a potential buyer steps onto the lot to the after-sales service they receive, every interaction shapes the dealership’s reputation. This culture not only boosts morale and engagement but also leads to long-term success and sustainability.

Dealerships 52

Dealerships Supply Chain Management Customer 52

Automotive Mastermind

JULY 28, 2023

This personalized customer experience not only creates a more enjoyable and memorable buying journey for customers but also positions the dealership as a trusted advisor, driving long-term customer satisfaction and repeat business. This enables dealers to identify potential buyers and enhance conversion rates like never before.

Retail 52

Retail Automotive Supply Chain Dealerships 52

Autosoft

APRIL 11, 2024

Over 70% of car buyers say they would switch dealerships if another offered a smoother buying experience. Supply Chain Optimization Ever wonder how cars reach your driveway from the factory? Embracing data analytics isn’t just about keeping pace—it’s about securing long-term success.

Automotive 52

Automotive Dealerships Supply Chain Manufacturing 52

Automotive Mastermind

JULY 29, 2022

Inventory shortages and ongoing supply chain delays continue to be the largest limiting factors for dealers. Also, work with prospective buyers, such as those who are approaching the end of their lease, finance term, or warranty. million units, decreasing from 14.1 million in Q1, according to NADA reports.

Automotive 52

Automotive Sales Supply Chain Retail 52

Automotive Mastermind

SEPTEMBER 16, 2021

While delivery time has always been dependent on brand, make and model, constantly evolving challenges to the supply chain have further complicated OEM production schedules. But to stay ahead of evolving inventory delays, it’s important to engage prospects before they start shopping around.

Supply Chain 52

Supply Chain Dealerships Customer Buyer 52

Fladco

JULY 5, 2024

Furthermore, JIT practices can improve supplier relationships, as dealerships work closely with suppliers to ensure timely deliveries, creating a more efficient supply chain. Furthermore, customer feedback can highlight specific features or models that resonate well with buyers.

Management 52

Management Dealerships Networking Manufacturing 52