Carscoops

JANUARY 23, 2024

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.

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CarExpert

MAY 15, 2024

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.”

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Auto Remarketing

OCTOBER 22, 2024

Sending a full-size truck to auction appears to be as much of a heartburn-triggering situation for franchised dealers as seeing that new model sitting in inventory and on the store floorplan for 100 days or more. Well, Black Book said on Tuesday that the estimated used retail days to turn is now at roughly 57 days.

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Auto Remarketing

OCTOBER 6, 2023

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.

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Auto Remarketing

MARCH 27, 2024

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.

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Full Path

JULY 30, 2024

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.

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Canadian Auto Dealer

NOVEMBER 4, 2024

Some dealers are branching into other business areas to spread out their risk and reap new rewards S ome auto dealers are transforming into retailers who also happen to sell vehicles. Morgan Crosbie, a Sales Representative at Finch Chevrolet Cadillac Buick GMC in London, Ont. Wizard Lake Marine was profitable.

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