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But the marketing and data software firm understands why cars have been flying out of dealerships for the past month. On a monthly basis, the State of the Dealer report strives to answer the question all automotive dealers are wondering: Is it going to be harder or easier to sell a car in the next 30 days? 28 to March 31.
Similarly, a sudden drop in usedcar prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate. He is based out of Toronto.
New-car inventory is falling while prices are elevated and likely to rise more as the tariff era continues. And that’s good news for the used-car sector. The used-vehicle sector is continuing to benefit from the turbulence in the new-vehicle marketplace,” ZeroSum vice president of dealer success Josh Stoll said.
Whether working in a dealership, warehouse, or parts supply store, Automotive Parts Specialists must keep up with inventory, handle orders, and ensure that mechanics receive the right parts on time. This career requires a deep understanding of vehicle technology, inventory software, and logistics. Check them out!
As I draft this article, dealers are considering the impact of federally mandated tariffs against trade nations for which the domestic automotive industry relies on (or finds economically beneficial) for manufacturing, parts supplies, vehicles and reciprocal trade.
We talked with their usedcar manager, Bryan Bough, about their private-party buying program. They didnt just tweak their existing process; they completely reinvented how they acquire usedcars. According to a 2024 Deloitte automotive consumer study, 71% of U.S.
Its July 9, 2025, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, in one place. In this mornings edition, were looking at BYDs solution to autonomys biggest legal hang-up, as well as the ever-climbing cost of usedcars. From Bloomberg : A Rivian Automotive Inc.-backed
In fact, Cox Automotive found that “reporting was more disrupted than actual sales,” but noted that July will likely make up for June’s disruption in the used-car market. The crisis may have affected the reporting of the pre-owned vehicle sales that did happen. And even with disruption, dealers increased.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles. This can include software updates, battery conditioning, and more.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles. This can include software updates, battery conditioning, and more.
Used-vehicle sales are expected to increase just under 1% this year, according to a forecast from Cox Automotive, with overall used volume expected to climb from 35.9 million and retail used sales (those involving a dealer) projected to climb from 19.0 Software, marketing, and data firm ZeroSum also. million to 19.2
While some dealerships are happy sending their usedcar manager to the auction, others who aren’t satisfied with that approach need to get a little scrappy and think outside the box. Finding a good usedcar buyer is one of the biggest hurdles dealers face when trying to explore alternative acquisition channels.
Private-party vehicle acquisition is one of the most talked-about trends in retail automotive. When using a private-party management software, dealers see up to an 84% reduction in acquisition costs and two to three times total purchases per month. Dealers have been leveraging AI and automation to scale outbound.
Rapid Recon and Velocity Automotive, driven by Vehlo , announced an integrated system for closing the trade appraisal gap at the NADA convention on Feb. ASPIRE’s diagnostic tool, VINSight, powered by VinTel and from Velocity Automotive , is a unique OBD-2 scan device. Eliminate chargebacks to sales.
In response to the recent security breach crippling CDK Global customers, ABCoA, a trusted provider of dealership management software (DMS) since 1983, is extending a helping hand to automotive dealerships nationwide. Decades of Experience: ABCoA has been providing dealership management software to automobile dealers since 1983.
The latest book from Rapid Recon founder Dennis McGinn, “ASPIRE to Predictable,” outlines ways the dealership reconditioning software company brings predictability to a general manager’s day. This problem has been – and continues to be — a challenge for usedcar profitability, particularly regarding mechanical repairs.
Dealers today enjoy more predictable usedcar results because they leverage strategic reconditioning software’s robust efficiency metrics called time-to-line or T2L, a process we introduced to the market in 2010. The profitability of usedcars has been, until now, primarily determined by demand and availability.
FrogData , a creator of data-driven decision-making solutions for automotive dealerships, announced a significant upgrade to its pioneering Artificial Intelligence (AI) Factory. “Today’s upgrade marks a significant milestone in our mission to transform automotive retail operations,” said Tej Soni, CEO of FrogData.
Benchmark Automotive Data , an automotive suite for actionable decision making across the dealership, announced the launch of Benchmark Data Suite, their platform designed to easily track and manage important data in one location for better decision making and profitability.
After pouring countless amounts of energy into the never-pretty process of getting usedcars through the shop faster and on the lot for sale — then what? It’s common knowledge that the real rewards and internal gains only come when the car finds its new owner.
Now, Church is climbing onto the industry stage not only as a role model for other women in automotive but also as a model dealer. Car Dealer’s Daughter Church was born into a family of dealers. Together with her mom, the dealer principal (DP) of Ike Family Dealerships, she makes up one of the few female DP/GM duos in the country.
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