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3 Steps to Proactively Prevent Customer Lease Buybacks

Automotive Mastermind

According to automotiveMastermind data, the number of customers buying out their lease saw a 275% increase from 2019 to 2022. The long-term financial implications of customer buying habits shifting are huge for dealers. Identify and prioritize the best opportunities to keep customers engaged at each stage of their owner journey.

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Inventory Shortages: 3 Myths Dealers Need to Know

Automotive Mastermind

When will new vehicle inventories normalize Despite the near-term production challenges, IHS Markit’s latest reports demonstrate the declines are slowing. Heading into Q4, IHS Markit estimates 7.4 million units of global light vehicle production have already been lost this year. In October, IHS Markit adjusted its 2021 forecast by just -1.3%