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Used Car Market Insights – Week of December 28, 2016
This week’s Black Book Market Insights report shows increased depreciation in luxury vehicles. Trucks as a whole had a greater average depreciation this week as compared to cars.
Jan 3, 2017
Pave the Path for a Smooth Ride
he best way to describe my experience training managers over a 30-year span, is to equate it to rounding up wild cattle and trying to take them on a trail ride to one destination.
Dec 14, 2016
Your Strategic Plan for Increasing CPO Sales
New-car sales may have plateaued, but the flood of off-lease vehicles flowing into dealerships offers tremendous opportunity for dealers prepared to market, merchandise, and sell them strategically.
Dec 6, 2016
A Market-Minded Path To Improved New Vehicle Inventory Profitability
It’s here—the slowdown in new vehicle sales that many dealers and industry observers have expected to arrive for some time.
Nov 14, 2016
Listen Up! How Customer Calls Can Maximize Your Used Car Profits
The used car business is hot. NADA reports that used vehicle sales at franchised dealerships have gone up for six consecutive years. Whether to save money, minimize depreciation,
Nov 14, 2016
Pre-Owned Success Demands a Data-Driven Mentality
Certified pre-owned (CPO) vehicles continue to be big moneymakers for dealers. As reported in Manheim’s recent 2016 Used Car Market Report, CPO sales totaled a record 2.55 million
Nov 14, 2016
The Best Used Car Inventory is in Your Service Drive
Wholesale auctions, incoming trades on your lot, “we buy cars” operations, and other franchised and independent dealers are great sources for you to acquire inventory. But the best, and usually untapped,
Nov 14, 2016
All Signs Point to Strong Focus on CPO Strategies at Used Car Week
Given that certified pre-owned vehicle sales will increase 25% next year, dealers who focus on CPO merchandising and sales tactics will help ensure consumers get the right messages
Nov 11, 2016
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More Appeal, More Profits for Your Used Units
As the buzz around the 2016 SEMA Show proved, the accessories market is more popular than ever, with no signs of slowing down in the near future.
Nov 10, 2016