Good fodder for social media posts as dealers look for more consumers to trade in vehicles to up the depleted used car inventories.
Pent-up demand from coronavirus lockdowns has brought car and truck buyers back to the market, but once there, they may see little wiggle room on price. With limited inventory, dealers are often taking top dollar for the vehicles they do have. For several weeks, the average industry gross, or the gross profit dealers get on […]
A global survey of more than 120 auto tech leaders by Informa Tech Automotive Group found that 57% expect that COVID-19 will quicken the pace and rate of consolidation within the automotive industry. In addition, with an increased reluctance to use public transportation, more than 85% agree that COVID-19 will have a lasting impact on […]
Some auto dealers worry that spiking coronavirus cases in states like Florida, Texas, Arizona and California could spell fresh trouble for new vehicle sales. Major automakers posted lower U.S. monthly or quarterly new vehicle sales on Wednesday due in large part to weak fleet orders but said consumer demand remained robust despite the ongoing coronavirus […]
Small cars: Mazda 3 (2014 or newer; built after October 2013) Subaru Impreza (2014 or newer) Hyundai Elantra GT (2018 or newer) Kia Forte (2019 or newer) Kia Niro (2018) Toyota Corolla hatchback (2019 or newer) Honda Insight (2019 or newer) Subaru Crosstrek (2018 or newer) Toyota Prius Prime (2017 or newer) Midsize cars: Subaru […]
Inventory issues are hitting the industry right now. Find out which cars are hardest to get to keep your dealerships abreast.
For many gearheads, summer is the most exciting time of the year: Tops get dropped, vintage rides come out of storage and new models roll onto the lots. This summer is a different story. Virtually every major automotive company was forced to pause production in March, and after reopening some plants shut down a second […]