Posts
Data That Shows Truck Prices Weakening
Vehicle pricing guide, Black Book, has new data that shows additional truck segments may be feeling additional pricing pressure, resulting in many trucks holding their values less than they have in previous years.
Apr 26, 2016
Franchised Dealers Sold Nearly 19 Million Used Cars in 2015
TYSONS, Va. - There were nearly 19 million used-car sales by the franchised dealership body last year and the average store pulled in $71,265 of annual net profit from the used-car department.
Apr 21, 2016
Why CPO Prices Are Higher — and Worth It
ATLANTA – Currently, used-car certification programs are now available through most, if not all, major car manufacturers and are joined by numerous warranty companies touting their own versions of vehicle certification. The certified pre-owne
Apr 21, 2016
Used Car Market Insights – Week of Apr. 19, 2016
This week’s Black Book Market Insights report looks at last week’s notable trends, which points out that Luxury Cars are seeing the highest depreciation currently of all car segments. Could this be a result of all the off-lease volume
Apr 19, 2016
Black Book: 3 Segments See Price Increases In March
This week’s Black Book Market Insights report looks at where we are with cars and trucks during the peak of the spring season. The most glaring trend is that both cars and trucks are not seeing the same
Apr 12, 2016
Used Car Market Insights – Week of Apr. 12, 2016
This week’s Black Book Market Insights report looks at where we are with cars and trucks during the peak of the spring season. The most glaring trend is that both cars and trucks are not seeing the same
Apr 12, 2016
What Does “Sales Manager” Mean to You?
Due to the importance of this topic, I would like to clarify that the initial outline of what my opinion of a “sales manager” is, comes from experience and the effect that will be had on dealership personnel
Apr 5, 2016
Preempt Lease-End Competition for Your CPO Inventory
The combination of consumer demand, increasing off-lease supply, and record-setting lease penetration is creating what could be sustainable momentum for the certified pre-owned (CPO) market. To provide context, consider the following market dynamics:
Jul 7, 2015
A Dog with a Note in His Mouth
In the automotive training business you have to constantly try to stay within your own niche. By doing this you are able to move forward when you understand what you plan to teach and not just wing it. In dealing with a pre-owned department you’ll
Jun 24, 2015