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What does the future hold for automotive retail? Part 1

Canadian Auto Dealer

Current geopolitical challenges and mandates aside, automotive retail is constantly evolving, and is impacted by many factors. Real estate, technology, changing demographics and government regulations, digitization, customer expectations and the quest for talent are but a few of the challenges dealerships face every day.

Retail 52
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How Data-Driven Insights Are Shaping Inventory Management in Auto Retail

AutoSuccessOnline

A prevalent strategy among dealers is to utilize price markdowns, dealer trades and extended warranty offers to manage inventory carryover. Data-driven approaches can improve the overall customer experience through several steps. Notably, 40% of dealers apply price markdowns on a weekly basis.

Retail 40
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Which brands offer the best new car warranties in Australia?

CarExpert

Similarly, Audi’s Approved Plus warranty applies to pre-owned Audi vehicles that have passed a “rigorous 115-point quality and safety inspection” Each qualifying pre-owned vehicles comes with a two-year, unlimited-kilometre warranty added to the end of any existing warranty or extended warranty.

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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

This task is fraught with challenges that can directly impact profitability, customer satisfaction, and overall operational efficiency. The majority of dealers (18%) manage inventory carryover with price markdowns, dealer trades, and extended warranty offers, followed by 16% conducting aggressive marketing campaigns.

Retail 89
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Why are car makers displaying ads on the touchscreen?

Autocar

They would tell the pop-up to go away and it would, for a few minutes, before reappearing again the next time and every time theycame to a stop, offering to connect them toan operator so that they could purchase an extended warranty. Someone else thenreported their Jeep doing the same.

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Toyota DPF class action battle continues in High Court

CarExpert

While extended warranty coverage was offered to compensate owners, the reduction in value of the affected vehicles was initially found by the Federal Court to be 17.5 per cent of their average retail price. Toyota has always sought to implement customer-focused and technically grounded measures to resolve customer concerns. “We

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

Carscoops

Read: Save Over $11,000 On An Acura ZDX Lease But Only If You Drive A Tesla Or Another Acura “We want more flexibility to make better deals and get more traffic into the stores,” said a retailer in a major metropolitan market, who paid about $80,000 in floor plan interest last month on more than 200 vehicles sitting on his lot.