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Unearthing the perfect used car is much like finding a hidden gem. It’s not just a transaction; it’s an experience, a journey. The dealer you choose significantly shapes this journey. Mastering the art of selecting the right used car dealer is thus an integral part of your car buying process. Understanding the Used Car Market: Your Guide The used car market is a bustling entity, an ocean of opportunities.
Explore Nissan Inventory With the arrival of summer, many of us eagerly welcome the warmer weather and partake in outdoor activities. However, amidst our focus on safeguarding ourselves from the sun's harmful rays, we often overlook an important aspect: safeguarding our vehicles from sun damage. Extended exposure to intense sunlight can lead to various problems for your Nissan, including faded paint, cracked interiors, and reduced battery life.
Bloomberg, June 30, 2023 – The US new-car market is returning to pre-pandemic norms as supply-chain issues resolve, forcing carmakers to ramp up deals to sustain sales growth. The annual pace of new-car sales likely rose to 15.6 million in June, from 13 million a year ago, according to the average forecast of seven market … Continued The post Car Prices Are Starting to Ease as Pandemic Supply-Chain Issues Fade appeared first on Cox Automotive Inc.
We’re now less than a month away from the Financial Conduct Authority’s (FCA) new Consumer Duty coming into effect. The FCA’s new regulations intend to create higher standards of care for consumers. The new Consumer Duty ensures that companies are putting the customers’ needs first, which can help to build loyalty and drive profits in a time of changing customer behaviour.
In today’s fast-paced, digital-first world, automotive dealerships are constantly seeking innovative ways to connect with potential buyers and convert leads into sales. While traditional advertising methods still have their place, the power of social media cannot be ignored by dealership marketing teams. Facebook Ads specifically have emerged as a game-changer for automotive sales, offering an expansive user base and a wealth of targeting options that enable dealerships to reach their desi
Excessive drug and alcohol use in the U.S. negatively impacts almost every aspect of our society and economy. And the trucking industry is no exception, where positive drug test results are rising. In the first three months of 2023, truck drivers testing positive for marijuana increased by 9.2%. Also, many of these drivers have not enrolled in the return-to-work program.
Automotive News, June 30, 2023 – Electric vehicles have reached critical mass, outpacing average days’ supply of gasoline vehicles at dealerships, according to Cox Automotive, but some dealers still need convincing. EVs are no longer exclusive to the new-vehicle market, said Chief Economist Jonathan Smoke. EV emergence in the used and wholesale market gives them … Continued The post EV Inventory Reaches Critical Mass in U.S. appeared first on Cox Automotive Inc.
Major changes are coming to your website reporting starting July 1, 2023, with the official switchover to Google Analytics 4 from Universal Analytics. The change represents a seismic shift in the reporting landscape for dealerships. We dive into what your dealership can expect from the all-new Google Analytics 4 in this edition of DealerOn University.
Major changes are coming to your website reporting starting July 1, 2023, with the official switchover to Google Analytics 4 from Universal Analytics. The change represents a seismic shift in the reporting landscape for dealerships. We dive into what your dealership can expect from the all-new Google Analytics 4 in this edition of DealerOn University.
Car dealer marketing ideas, strategies & success stories from the pages of Dealer Marketing Magazine and Expert Panel member Terry Lancaster Share 0 Share 0 Tweet 0 Dealer Marketing Magazine For the past two decades, I've been a contributor and Dealer Marketing Expert Panel member for Dealer Marketing Magazine providing car dealers, managers, and salespeople with actionable advice on marketing themselves and their stores.
J.D. Power’s latest new-car quality study shows quality is on the decline — at a record rate. According to the J.D. Power 2023 U.S. Initial Quality Study, the number of problems per 100 vehicles (PP100) has risen by a record 30 PP100 over the past two years. The study reported an industry average of 192 PP100, an increase of 12 PP100 over the 2022 number, which was up by 18 PP100 over 2021.
ATLANTA, June 27, 2023 – Despite growing interest, a gap exists between consumer enthusiasm for electric vehicles (EVs) and their actual purchasing decisions, according to new research released today by Cox Automotive. The 2023 Path to EV Adoption: Consumer and Dealer Perspectives study also reveals a lack of EV readiness among U.S. automotive dealers regarding … Continued The post New Cox Automotive Study: EV Consideration at Record High, but Dealers Feel Unprepared appeared first on Cox
There’s a fairly good chance that you’re familiar with the Dodge Viper. As one of the finest sports cars to ever grace the pavement, it’s the ultimate symbol of status and is well-known for its predilection for high-octane performance. There’s also a good chance that you’ve always wanted to own one and have your own. Read more The post Rev up Your Summer in a Pre-Owned 2014 Dodge Viper Today appeared first on Sarasota Car Sales.
Road trip season is here. 97% of people plan to travel by car for their summer vacations, which means you can boost your fixed ops revenue and customer loyalty by offering a service package for a safe and smooth road trip. * AAA April 19, 2023 Whether it’s a “Road Trip Ready” offer that bundles multiple services, or a “Buy 3 Get 1” tire deal — here are the top 5 things you should do to promote your summer campaign effectively: 1.
Average wholesale vehicle prices fell nearly 10% year-over-year last month and remain on the downward slope for June, according to the latest Kontos Kommentary analysis from ADESA chief economist Tom Kontos. Specifically, average wholesale prices were at $16,116 in May, which was down 2.2% from April and 9.7% softer than May 2022, Kontos’ report said.
Updated, July 6, 2023 – In the first half of 2023, the U.S. new-vehicle market has been surprisingly strong, with sales volume increasing more quickly than forecast as the industry’s inventory issues faded. Sales in June, as we’ve seen in many months prior this year, surprised to the upside, with volume beating the Cox Automotive … Continued The post Cox Automotive Forecast: New-Vehicle Sales to Increase More Than 11% Year Over Year Through the First Half of 2023 appeared first on Cox Auto
One aspect of car buying that may get overlooked is the test drive. For some, a typical test drive may not be enough time behind the wheel of a vehicle to know for sure whether it’s the right fit for you and your family. If you’re in the market for a vehicle and would prefer to spend some time with it before making a purchase, we have an easy solution with Hertz Rent2Buy.
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