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According to Bloomberg, the U.S. crossed the electric vehicle “tipping point” for mass adoption with 5% of new vehicle sales being EVs in the first half of 2022. Looking ahead, OEM and consumer adoption of EVs is only expected to accelerate, requiring dealers to shift gears and re-evaluate their sales strategy to stay ahead of both buyers and competitors.
How the NAIDA Helps 2nd and 3rd Gen Dealership Owners be Successful It’s commonplace for the children of successful business owners to run the business into the ground. They inherit the business but don’t inherit the struggle and learning curve it took to build the business in the first place and move it forward. According to Inc.com, 60% of 2nd generation owners, and 90% of 3rd generation business owners tank the business.
When the data in your dealership doesn’t sync with the technology you’ve invested in, your staff will almost certainly struggle. Don’t settle for manual processes and broken workflows that frustrate your customers and your employees. Rather, opt for connected technologies that deliver time-saving solutions that result in higher profitability. Watch the webinar.
This has been an issue for over two years now. We really don't see it changing in the near future. The best suggestion I have for you is to browse our in-stock and incoming inventory. If you see something you like, stop in or call to reserve that vehicle but do it quickly, because many of these vehicles go out as quick as they come in. That's what we suggest.
That can be a very complicated question, but here is what we suggest you do. Come into any of our dealerships, sit with one of our finance specialists and let them review your specific situation. With their guidance and that information, you can decide what's best for you. Buy it, sell it or trade it in. Get the information and then make the decision that's best for you.
Well that depends on the situation. If you are replacing that vehicle then you might want to trade it in. With used car inventories being so low, and used car values so high, you could have a significant amount of equity in your current vehicle that would be a great down payment on your new one. On the other hand, if you're not replacing it then you should look at selling it.
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