Managing inventory risk is not just about avoiding losses but also about optimizing profitability. For auto retailers, maintaining an ideal balance between supply and demand is critical. Too much inventory can lead to increased holding costs, while t

In May, a new record was set—and it wasn’t a good one for auto dealers looking to buy trade-ins: Americans’ cars are old and getting older. The average age of the 286 million vehicles in operation in the U.S. is now 12.6 years old, according to

The car buying landscape is continually evolving, driven by changing consumer behaviors and technological advancements. Understanding these shifts allows dealerships to improve their ability to meet and anticipate customer preferences, enhancing thei

The automotive industry has undergone significant changes in recent years, particularly in how vehicle appraisals are conducted. As dealers adapt to a data-driven market, they increasingly rely on technology to make more informed decisions about inve

Understanding and improving return on investment (ROI) is a critical goal for businesses aiming to enhance their performance and achieve sustainable growth. This article explores practical strategies for optimizing marketing, enhancing operational ef

Mastering the art of creating compelling inventory videos should always be the first focus for dealerships, as these videos are the meat and potatoes of your marketing and merchandising efforts. Effective inventory videos showcase your vehicles in th

Ford had most recalls in the field in the second quarter of 2024, according to a BizzyCar analysis. A recall management platform for car dealerships that exponentially increases service revenue, BizzyCar’s report noted while overcall recalls were

Buying a car is a significant investment that is often accompanied by anxiety and numerous objections from customers. How salespeople handle these objections influences customer decisions and the dealership’s success. This impact is underscored

The dealership sector encounters obstacles that affect both customers and companies. Issues such as mishandled car loan repayments and the increasing risk of cyberattacks have significant consequences. This article will explore how they impact consum