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Dealer/GM NewsMarketing StrategiesPre-Owned Sales & Marketing StrategiesTrending Industry NewsVideo
LotParty Quick-Tip 25 : What Days Supply Really Should Mean to You [VIDEO]
In this episode, Jasen Rice goes over how a vehicles Market Days Supply doesn't dictate how the car is selling today but how it was selling over the last 45 days and what trends
Apr 25, 2017
GMs, Here’s the Key to Better Used Car Profits
The surest path to better used car profits is to increase inventory turn. The fastest way to add turn is to get cars through recon faster. Get cars through recon just 2.5 days faster adds one turn;
Apr 21, 2017
Posts
Dealer/GM NewsMarketing StrategiesPre-Owned Sales & Marketing StrategiesTrending Industry NewsVideo
LotParty Episode 36: ROI Metrics That You Want To Track For Used Cars [VIDEO]
In this episode of LotParty, Jasen Rice from Lotpop goes over that there is more important metrics to track for your inventories ROI then just Average frontend gross and total gross.
Apr 21, 2017
3 Best Practices To Beat Back Used Vehicle Margin Compression
According to the National Automobile Dealers Association (NADA), used vehicle gross profits as a percentage of transaction prices has been shrinking, bit by bit, for nearly the past decade.
Apr 1, 2017
Nobody Can Blame a Salesperson
In today’s automotive world, dealers are not interested in hearing about the problem or wanting to know how it was created. They are primarily interested in hearing a solution. I vividly remember
Mar 3, 2017
Two Perspectives On Sourcing Auction Vehicles
The first dealer wants the car because he’s sold a few of the same units recently, and did pretty well in terms of front-end gross. The three-year-old car has about 40,000 miles,
Mar 3, 2017
Used Car Market Insights – Week of February 27, 2017
Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes.
Feb 28, 2017
Can Your Used Car Buyers Trust You?
Consumers have plenty of choices when it comes time to buy a used car – private sellers, independent used car lots and, of course, franchise dealerships. Each have their pros and cons,
Feb 27, 2017
Global Used Car Price Index 2017
Determining car values on a country to country basis requires complex pricing models. For used cars, this can be even more complicated. The rate of devaluation from one car to another begins the moment
Feb 2, 2017