Auto Remarketing

OCTOBER 22, 2024

Sending a full-size truck to auction appears to be as much of a heartburn-triggering situation for franchised dealers as seeing that new model sitting in inventory and on the store floorplan for 100 days or more. Well, Black Book said on Tuesday that the estimated used retail days to turn is now at roughly 57 days.

Floorplan 98

Floorplan Rebate Retail Automotive 98

Auto Remarketing

MARCH 27, 2024

The Q4 Haig Report , which tracks trends in auto retail and their impacts on dealership values, showed 528 dealerships changed hands in 2023 — the third-highest annual volume on record, but down from a record 707 in 2021 and 566 in 2022. Sharply rising inventories and floorplan expense are pushing down profits at most stores.

Floorplan 59

Floorplan Retail Dealerships Deal 59

Canadian Auto Dealer

NOVEMBER 4, 2024

Some dealers are branching into other business areas to spread out their risk and reap new rewards S ome auto dealers are transforming into retailers who also happen to sell vehicles. There are also some dealerships that have developed businesses that are not directly related to auto retailing. Wizard Lake Marine was profitable.

Dealerships 52

Dealerships Floorplan Retail Finance 52

Dealer World

MARCH 17, 2025

The strength of the buy/sell market in 2024 was largely driven by growing industry confidence in the future of auto retail sales and profitability. The report also reveals that franchise diversification was critical to a dealership groups success in 2024 as the auto retail market bifurcated into have and have not franchises.

Retail 75

Retail Dealerships Marketing Floorplan 75