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In today’s competitive usedcar market, dealerships can’t afford to rely on guesswork during vehicle appraisals. Inaccurate appraisals can hurt profits before the car even hits the lot. Using window sticker information ensures every feature is considered in the appraisal, preventing undervaluation.
As the age of cars and light trucks continue to rise, vehicle odometer readings continue to climb, driving growth in the aftermarket for internal combustion engine (ICE) vehicles. “Older cars and light trucks generate more aftermarket product use per mile than newer models,” the report said.
For anyone passionate about cars and interested in enhancing their appeal and value, auto detailing is an art form with the potential to increase a vehicles value significantly. Potential buyers often notice A cars exterior, and restoring it to a like-new condition can significantly impact its perceived value.
Source: Freepik.com Just as buying a new car isn’t a straightforward endeavor, purchasing a usedcar isn’t either. If it’s your first time buying a usedcar, and you’re unaware of what you should consider before finalizing the purchase, no worries at all. For most individuals, it’s a one-time investment.
One thing to keep in mind: There is no such thing as a bad car — only the wrong one for that customer. The solution is to provide shoppers with all the relevant information and let them decide. Customers don’t expect used vehicles to be perfect. Remember: There is no such thing as a bad car.
When you sell cars for a living, your confidence in your product is the first positive virtue influencing customers to buy. If you project faith and assurance in the usedcar a customer asks about, that is the trust-enhancer that moves the sale needle closer to a close. Remember, the real product isn’t the car — it’s confidence.
What a car shopper cant find on them wouldnt fill a thimble so why should you consider adding digital vehicle portfolio (DVP) content to this fantastic marketing site? Thats a great question, and every dealer, GM and usedcar manager should ask it. Confidence in Pricing & Value A well-documented car means no surprises.
That’s why ASA and its coalition partners included provisions in the SAFE Repair Act that empower vehicle owners to make informed decisions that lead to safe outcomes. Vehicle safety inspections constitute an important tool that consumers rely on to remain informed on the condition of their vehicle.
For stakeholders in the automotive industry, particularly in the usedcar market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth.
Following their visits to NADA last month, we have a more thankful nation of car dealers. At the same time, without process improvement, the profitability per vehicle (PPV) of the usedcar will continue to evaporate. Every acquisition in this usedcar market must lead to a profit per vehicle outcome.
In 2024, dealerships face a challenging landscape, with revenue and new car sales on the decline. However, amid these challenges, used vehicle sales present a bright spot. Having a clear baseline allows dealerships to monitor progress and make informed decisions that lead to better outcomes over time.
You’re a car dealer; such environments are made for your mentality, aptitude, creativity and long suffering. Consider these actions to reduce market risks to usedcar profitability. This is one of the most productive and simplest ways to better manage margin expectations on every usedcar you buy. Here we go again.
I mean growing sales margins, making more confident trade appraisals and working the usedcar operation to increase cash flow. More Efficient New and Used Vehicle Sales: Missing a service delivery promise chills retention. Now they meet customers on a level field, both able to discuss any usedcar on your lot intelligently.
AI is a tool in a larger toolkit, but its important to know when to use it. If you want to produce unique descriptions for all your usedcars, someone can easily train generative AI to do that at the dealership level, with great effect. Need to format a page and your website vendor takes a month to get anything done?
Imagine a graphical representation of the cost of a car before and after tariffs, including incentives, interest rates and other quantifiable breaks that a shopper can review online or in the finance office to help them see the total cost of ownership and make an informed decision.
Rising interest rates, record-high monthly payments and fluctuating usedcar valuations have changed the customer journey. Moreover, they receive the information they need at a glance rather than perusing endless spreadsheets, freeing up time to focus on strategy and customer relationships.
Side impact testing would also require specific 50th-percentile male and 5th-percentile female models to be used. Cars are currently tested for men, not for women Benoist/Shutterstock CBS News cites a NHTSA report stating that women are 73% more likely to suffer injuries in a crash than men.
Transparency for All Dealerlogix Service Suite Pro is not just for internal use at the dealership. It also has a hand in keeping customers informed. Vehicle damages were very difficult to disprove or prove, and [Dealerlogix] has helped with that dramatically, says Giron.
While directly impacting imported vehicles and parts, their influence extends to the usedcar market as well. As new-car prices rise due to these added costs, consumers often pivot to the usedcar market, increasing demand and subsequently driving up wholesale prices at auctions.
With new advances in vehicle technology, including hydrogen fuel cells and innovative materials, staying informed about the latest automotive developments is essential. At the same time, professionals in this field must also be familiar with older vehicle models to meet customers’ needs with classic or usedcars.
Learn how tariff news affects car buying behavior, creates urgency and affects seasonal sales cycles, and why SEO alone wont cut it. But maybe not for USMCA-compliant cars Ah, heck, pause them for 90 days and just pile all the tariffs on China! There is no consumer search happening for no tariff cars or anything similar to that.
The report cited its December survey of more than 1,000 consumers to show preference for SUV and trucks has dropped slightly SUVs down from 44% in 2023 to 43%, trucks from 9% to 7% and crossovers from 8% to 6% while car segments rose in popularity. The 47% who project used-car profitability was well above the 21% who did so a year earlier.
Which Oil Does Your Car Need? What Happens If You Use the Wrong Car Engine Oil? If there’s no dipstick, refer to your owner’s manual, as some modern carsuse an electronic oil monitor. Dispose of the old oil : Pour the usedcar oil into a secure container and take it to a recycling facility or auto shop.
Digital transformation is expected to also accelerate significantly in 2025, with dealers investing heavily in platforms offering a seamless online car-buying experience. Usedcar day supply is expected to remain tight and steady. For more information, visit www.lotlinx.com.
This innovative tool addresses the growing challenges dealers face in sourcing quality used vehicles amid current market conditions. ” Empowering Dealers in a Challenging Market The usedcar market has seen significant shifts, with wholesale values reaching unprecedented levels.
Graduates of the Auto Body Estimating program at ATC Surrey can step into entry-level roles in various settings, including new and usedcar dealerships, retail automotive repair shops, and insurance companies. Contact ATC Surrey for more information! What Is the Career Path of an Estimator: The Starting Point.
While dealers are eager to embrace new technology, they also recognize how vital the relationship-aspect of the car-buying experience is. Key features of ReConnect include: Personalized Messaging: Deliver targeted campaigns based on customer preferences, such as new or usedcar inquiries and trade-in considerations.
The used vehicle market also saw growth in hybrid and EV sales. Hybrid sales rose by 8% quarter-over-quarter, while used EVs maintained steady growth. Despite these gains, ICE vehicles still constitute the majority of usedcar sales, reflecting a more gradual shift in the transition to electrification.
Today’s current economic climate has forced auto dealers to buckle in for a wild, unpredictable ride with their car shoppers. The presidential tariffs are expected to cause manufacturers to raise vehicle and parts prices, which will inevitably put more affordability pressure on car shoppers and consumers.
Digital transformation is expected to also accelerate significantly in 2025 with dealers investing heavily in platforms offering a seamless online car-buying experience. Usedcar day supply is expected to remain tight and steady. While inventory levels are generally improving, there is an imbalance across brands.
The average used vehicle listing price dropped to $25,470, down from the revised $25,490 at the beginning of May, representing a 1% decrease compared to the levels observed a year earlier. Affordability remains challenging for consumers, and the used-vehicle supply is more constrained at lower price points.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. He shares his story in the podcast conversation below.
Meta description: Discover why vehicle history reports are crucial for usedcar transactions, providing transparency, negotiation leverage, and peace of mind for both buyers and sellers. In the complex world of usedcar purchases, vehicle history stands as perhaps the most valuable tool for both buyers and sellers.
When buying a car, especially a used one, you’re not just making a purchase for today. The key to making that investment pay off is choosing a usedcar that stands the test of time. So, what makes some usedcars better for long-term ownership than others? You’re investing in your future.
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 technology makes EV’s the perfect car for environmentally based consumers.
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 technology makes EV’s the perfect car for environmentally based consumers.
This, however, can make your car buying journey more challenging. This guide will walk you through the process of finding the most reliable usedcar dealers in River City, ensuring you drive away with a great vehicle and peace of mind. So, how do you separate the wheat from the chaff?
Buying a usedcar has traditionally been associated with stress, long waits, and confusing paperwork, but Cars4Us is changing all that. As Australia’s leading usedcar platform, Cars4Us has revolutionised the process by making it easier, faster, and more transparent for buyers.
In today’s world, finding a car that is both eco-friendly and budget-friendly can be a challenge, especially for families. However, there are several usedcars on the market that offer great fuel efficiency, low emissions, and a comfortable ride for the whole family. Why Choose an Eco-Friendly Car?
It was good news, bad news for the retail used-car market in January. Used-car demand fell over 7% from January 2023, but was up almost 14% from December. And both supply of and demand for used EVs is rising, and prices are softening. Used-car demand fell 7.6% Used-car demand fell 7.6%
The car buying process has traditionally been a daunting and time-consuming experience, often fraught with confusion, haggling, and uncertainty. However, in recent years, CarGurus has emerged as a game-changer, revolutionizing the way people buy cars. Buyers often feel uncertain about whether they are getting a fair deal.
Finding the right family car can be tricky, especially when you’re on a budget. Buying a usedcar is a smart way to get a great family vehicle without spending too much. In this guide, we’ll show you how to pick the best used family cars that are safe, reliable, and affordable.
You might be surprised to discover that your junk car holds more value than you expect. Recent information shows junk car prices throughout the United States vary from $50 to $3,000 while most buyers offer between $100 and $500 based on different circumstances. Seasonal changes also impact junk car values.
Buying a usedcar can be an exciting endeavor, but it also involves careful consideration and due diligence. A pre-purchase inspection by a reputable auto repair shop is a crucial step in the process, allowing buyers to make confident and informed decisions. This level of cooperation builds trust between the buyer and seller.
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