Remove Customer Remove Lease Extension Remove Term
article thumbnail

3 Steps to Proactively Prevent Customer Lease Buybacks

Automotive Mastermind

According to automotiveMastermind data, the number of customers buying out their lease saw a 275% increase from 2019 to 2022. The long-term financial implications of customer buying habits shifting are huge for dealers.

article thumbnail

Inventory Shortages: 3 Myths Dealers Need to Know

Automotive Mastermind

Loyal customers will wait for what they want. When will new vehicle inventories normalize Despite the near-term production challenges, IHS Markit’s latest reports demonstrate the declines are slowing. Staying in communication with your customers through targeted marketing campaigns has never been more important.