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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. Have there been any changes to their lifestyle that would warrant a change in model?

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Inventory Shortages: 3 Myths Dealers Need to Know

Automotive Mastermind

Dealerships can’t market with little or no inventory. When will new vehicle inventories normalize Despite the near-term production challenges, IHS Markit’s latest reports demonstrate the declines are slowing. Myth #2: Dealerships can’t market when they have little or no inventory. Loyal customers will wait for what they want.