Remove Floorplan Remove Retail Remove Sales
article thumbnail

Vroom Goes Bust: Online Used Car Giant Stops Sales, Lays Off 90% Of Staff

Carscoops

If you were thinking about pulling the trigger on a used car through online retailer Vroom, we’ve got bad news: you missed your shot. In a release, the company said that it will wind down its used car sales department to maximize shareholder value through its other businesses.

Floorplan 120
article thumbnail

The $740 Challenge: How Savvy Dealerships Are Turning the Tables

Full Path

As we moved into July, there were signs of recovery in the retail vehicle market. New sales surged 14% over the past week, while used sales saw an 8% increase, partially offsetting June’s downturn. This model simplifies the process for consumers and can enhance dealership sales and profitability.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Haig: Dealerships remain hot properties even as profits and values decline

Auto Remarketing

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. That included two record-setting sales, the report said.

article thumbnail

Inside Chinese brand GAC’s bold plan to storm Australian sales top 10

CarExpert

GAC GS8 He says this would work out to be around 30-40,000 annual sales, though notably the 10th best-selling brand in Australia last year – Isuzu Ute – sold 45,341 vehicles. This target encompasses sales across both the GAC and Aion brands. “In reality, we want to be in the top 10 within the next three to five years.”

Sales 111
article thumbnail

COMMENTARY: A constituency of one

Auto Remarketing

You know how your dealership fits into the larger automobile retail industry. It’s the dealer voice that has repeatedly pushed back against proposed legislation that would prohibit the sale of vehicles with open recalls. You know your business’s impact on your employees, on the economy and on your community. They need to hear from you.

article thumbnail

Micro-leases, subscriptions, long-term rentals, whatever you call it, will it become a third ‘sales’ channel?

Auto Remarketing

I was listening to a panel discussion with some very esteemed automotive economists recently, and in discussing the prospects of electric vehicle sales growth in the United States, a shocking, though true, fact was agreed to by all. automotive retailers. A long time ago, an automotive retailer sold vehicles. First, the research.

Term 52