Carscoops
JANUARY 23, 2024
In a release, the company said that it will wind down its used car sales department to maximize shareholder value through its other businesses. The company announced today that it is suspending all transactions through vroom.com, and laying off around 90 percent of its staff.
Carscoops
MARCH 24, 2024
In addition, a backup camera-related stop sale on the Aviator that lasted months means that the SUV is now flooding onto dealer lots. Other dealers are also working to get rid of older vehicles, as concerns about floorplan costs and an inability to market newer vehicles mount.
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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.”
AutoSuccessOnline
JANUARY 31, 2025
We listened to customers and made our existing space-saving lift more versatile by engineering a wider platform that lets operators open vehicle doors wider to make it easier get in and out, says Sean Price, BendPak director of sales operations.
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. Data from Black Book, Cox Automotive and J.D. So, are things “normal” in the used-car world now?
AutoSuccessOnline
MARCH 12, 2024
Be aware of how much credit you have — especially if you have multiple floorplan lenders — and stay away from hard money lenders who drain a dealer’s cash flow daily. Stay informed about software options for managing your floorplan. Invest in a strong CRM to stay connected and drive sales. These tools are constantly evolving.
Full Path
JULY 30, 2024
New sales surged 14% over the past week, while used sales saw an 8% increase, partially offsetting June’s downturn. For dealerships, Higher inventories and rising floorplan costs are eating into profit margins, creating a challenging environment for automotive retailers.
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