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Are You Worth Over $1 Million? You’re Infiniti’s Preferred Customer For The QX80

Carscoops

Infiniti told retailers that the target demographic for its new SUV flagship comprises individuals earning over $250,000 annually with a net worth of at least $1 million. ” Amid the slowdown in EV adoption, Infiniti is “adjusting” its strategy while maintaining a long-term commitment to electrification.

Customer 116
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Which used cars hold their value the best?

Drive.com

According to the latest Automotive Insights Report (AIR) – which gathers used car sales data from private sellers and dealerships – popular passenger vehicles like the Toyota Corolla and Camry and off-road SUVs like the Toyota LandCruiser and LandCruiser Prado generally retain most of their original retail price within two to four years.

Retail 98
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EVs & millennials: More mature than you might think

Auto Remarketing

Note: The term “millennial” is not a synonym for “young.” Online used-car retailer Carvana said in its EV Trends Report for the second quarter, released Tuesday, that millennials accounted for 65% of its electric vehicle sales in Q2. Fact of the matter is, EVs are a “maturing” market, no longer considered “niche.”

Retail 52
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BLOG Does technology hold the answers for automotive finance? 

Motor Trader

The shockwaves from the landmark ruling at the end of last month are still being felt across Britain’s automotive retailers. By offering flexible terms for digital financing plans, dealerships can cater to diverse customer needs, potentially increasing sales and building loyalty with consumers. It’s important to balance this issue.

Finance 59
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COMMENTARY: 9 places where dealers can find cost savings & margin preservation

Auto Remarketing

If the cost of holding a pre-owned vehicle can’t be offset by a retail sale, wholesaling or sending it to auction could be the best option. This includes analyzing the competitive set — what nearby dealers have in stock — and aligning with the preferences of your local demographic. And that analysis should not be limited to new cars.

ROI 98
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BLOG Does technology hold the answers for automotive finance? 

Motor Trader

The shockwaves from the landmark ruling at the end of last month are still being felt across Britain’s automotive retailers. By offering flexible terms for digital financing plans, dealerships can cater to diverse customer needs, potentially increasing sales and building loyalty with consumers. It’s important to balance this issue.

Finance 52
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Why Personalization is Key to Effective Dealership Marketing 

Automotive Mastermind

In an industry with high customer acquisition costs, the ability to retain and nurture loyal customers through personalization can significantly impact a dealership’s long-term profitability. This starts with effective audience segmentation. This helps their messages reach the right audience at the right time. Request a demo.