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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 76
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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.

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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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Industry Trends in Marketing and Sales in the Automotive Sector: A Comprehensive Analysis

Turbo Marketing Solutions

This steadfast inclination towards in-person interaction signifies the intrinsic emotional connection that customers seek when purchasing vehicles. Artificial Intelligence (AI) and Machine Learning have emerged as game-changing tools, empowering marketers to optimize advertising performance and target customers more effectively.

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MG 4 owner compensation for $10,000 price cut is a discount on another MG

Drive.com

Drive reported last month that MG 4 customers who took delivery in 2024 – but before the price cuts on 20 September – would be presented some form of compensation for having up to a quarter of the new price of their vehicle wiped overnight.