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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.
Industry Trends in 2023 While the usedcar boom that sent prices sky high may be winding down, there is still a large demand for quality used vehicles. Offer financing options: Just like a variety of cars, customers like a variety of financing options. Here are some ways they do just that.
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. Higher Margins: The dealership earned an average of $7,000 per car by combining front-end sales, financing and service revenue.
During the coronavirus pandemic, inventory was historically low, customers frequently paid above MSRP and financedcars at higher interest rates and for longer periods of time. This in turn has resulted in a surplus of new cars sitting on lots. Then ensure staff are trained to use the new system effectively.
The software suite includes a user-friendly dashboard that offers analysis and reporting across key dealership areas including digital marketing, inventory retailing, lead handling, sales performance and finance performance.
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