AutoSuccess

JUNE 23, 2025

Consider these actions to reduce market risks to used car profitability. Appraisals As you evaluate potential trades and walk private-party purchases and auction cars, use your good sense, but be humble and back that estimate with a VIN scan. Speed repair approvals between the recon department and the used car manager.

Used Cars 52

Used Cars Software Mechanic Management 52

AutoSuccess

FEBRUARY 15, 2024

Dealerships in 2024 will continue to face used car sourcing challenges. I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.”

Used Cars 52

Used Cars Car Vehicle Management 52

AutoSuccess

OCTOBER 21, 2024

While some dealerships are happy sending their used car 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 used car buyer is one of the biggest hurdles dealers face when trying to explore alternative acquisition channels.

Used Cars 52

Used Cars Car Car Dealership Management 52

AutoSuccess

SEPTEMBER 28, 2024

Bryan Bough, used car manager at one of the largest auto groups in Boise, Idaho, recently said to us: “If you’re not buying cars from the public, you’re making a huge mistake. The post Mastering Used Car Acquisition: Lead Generation Basics appeared first on AutoSuccessOnline. It’s really that simple.

Used Cars 52

Used Cars Car Management Retail 52

Tire Review Magazine

JUNE 10, 2025

He sold anything from refrigerators to used cars to real estate. The post Jack Furrier Tire was Born from the Drive to Build Something Bigger appeared first on Tire Review Magazine. Building Jack Furrier Tire After serving four years in the U.S.

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Used Cars Vehicle Car IT 104

Auto Remarketing

MARCH 6, 2025

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.

Automotive 52

Automotive Finance Used Cars Retail 52

AutoSuccess

APRIL 21, 2025

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 used car manager should ask it. So, what are DVPs?

Vehicle 52

Vehicle Used Cars Retail Car 52

AutoSuccess

APRIL 10, 2025

When you think car business, you immediately picture a salesperson. We put all our energy into selling and almost nothing into buying cars. Used cars generate 33% of a dealerships revenue, not even counting service. But weve got it backwards. Just look at the numbers.

Transportation 78

Transportation Used Cars Car Management 78

AutoSuccess

APRIL 4, 2025

The adage time to line is always fashionable when reconditioning used cars so you can retail sooner and profitably. For over a decade, dealers have confirmed that a three-to-five-day time-to-line recon operation gets used cars frontline ready faster and improves inventory turn.

Used Cars 52

Used Cars Management Retail Vehicle 52

AutoSuccess

OCTOBER 11, 2024

The post The First and Most Crucial Step to Profitable Used Cars appeared first on AutoSuccessOnline. As the automotive industry continues to evolve, the dealerships that thrive will be those that embrace digital tools, track key metrics and continuously seek improvement opportunities.

Used Cars 52

Used Cars Car Management Mechanic 52

Auto Remarketing

MARCH 13, 2025

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.

Automotive 52

Automotive Finance Used Cars Retail 52

AutoSuccess

FEBRUARY 2, 2025

I mean growing sales margins, making more confident trade appraisals and working the used car 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 used car on your lot intelligently.

Used Cars 52

Used Cars Vehicle Management Retail 52

Auto Remarketing

MARCH 11, 2025

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.

Automotive 52

Automotive Finance Used Cars Retail 52

AutoSuccess

FEBRUARY 17, 2025

We talked with their used car manager, Bryan Bough, about their private-party buying program. They didnt just tweak their existing process; they completely reinvented how they acquire used cars. Higher Margins: The dealership earned an average of $7,000 per car by combining front-end sales, financing and service revenue.

Car 97

Car Management Vehicle Used Cars 97

AutoSuccess

MARCH 20, 2025

At the same time, without process improvement, the profitability per vehicle (PPV) of the used car will continue to evaporate. Every acquisition in this used car market must lead to a profit per vehicle outcome. Now, the used car department can factor a retail or wholesale disposition strategy into acquisitions.

Used Cars 52

Used Cars Retail Vehicle Electric Vehicles 52

Auto Remarketing

MARCH 12, 2025

Also included in the magazine and conference recognition will be the Automotive Intelligence Awards: Emerging Companies program, which will recognize emerging companies and entrepreneurs charging forward to make their mark on the used-car industry.

Automotive 52

Automotive Automotive Marketing Media Used Cars 52

Auto Remarketing

MARCH 10, 2025

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.

Banking 52

Banking Automotive Finance Used Cars 52

Automotive Fleet

JUNE 13, 2025

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.

Vehicle 52

Vehicle Retail Media Trucking 52

AutoSuccess

MAY 1, 2025

OK, I do not want to be Chicken Little crying that the sky is falling, but I hope to encourage you to look at the reconditioning practices of your used car department. How that process is managed determines how strongly reconditioning helps push back the margin compression clouding your profitability horizon.

Management 52

Management Used Cars Insurance Software 52

AutoSuccess

MARCH 28, 2024

Margin compression affects every department of your dealership, notably used car reconditioning and used car appraisals. Used Car Reconditioning A reconditioning speed of three to five days, from acquisition to frontline readiness, is the efficiency gold standard. How do you manage margin compression here?

Used Cars 93

Used Cars Management Retail Vehicle 93

AutoSuccess

MAY 13, 2025

Discover a smarter used car inventory sourcing strategy. The best cars dont hit the lane; theyre in someones driveway. Ever notice how the cars you really want low miles, high demand, fat margins never seem to hit the auction block anymore? Heres the kicker: 36.9%

Car 52

Car Used Cars Retail Vehicle 52

AutoSuccess

JUNE 27, 2025

For instance, if there is a spike in used car sales, dealers need to ensure that their used car vehicle service contract program is robust enough to meet the increased demand. Diversifying F&I operations is important in mitigating risks associated with market volatility.

Management 52

Management Used Cars Customer Service Automotive 52

AutoSuccess

MAY 3, 2025

Its the cry of the frustrated manager: Wheres the car? They come from: Used car managers who cant locate keys for vehicles they need to move to the sales lot. Where are the keys? These are not random cries of frustration heard occasionally; theyre frequent complaints that echo through dealerships all the time.

Car 52

Car Management Vehicle Customer Service 52

AutoSuccess

DECEMBER 17, 2024

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 used cars, 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?

Consulting 98

Consulting Education IT Retail 98

AutoSuccess

SEPTEMBER 6, 2024

According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans. This is a significant increase from two years ago, when the average new car interest rate was 4.1% for used car loans, according to Car and Driver.

Vehicle 98

Vehicle Insurance Finance Used Cars 98

AutoSuccess

MARCH 17, 2025

Giron says the dealerships used car manager can view the videos and pictures on his phone to check the work thats being done to recon cars, allowing him to effortlessly approve a vehicle for use. A lot of the comments will say [customers] love the fact that they can see a video and a picture, Giron says.

Service Advisor 64

Service Advisor Vehicle Management Customer Service 64

AutoSuccess

MARCH 20, 2024

But I do because my company’s products and services interface with the GM at a crucial point: used car profitability. I know enough GMs, fixed ops directors and used car managers in all sizes of dealerships and groups to understand how important vendor and product trust is to them.

Used Cars 52

Used Cars Management Hospitality Mechanical Repairs 52

AutoSuccess

JANUARY 14, 2025

By securing a VSC post-sale, dealers can lock in this relationship, encouraging repeat business for future car purchases. Additionally, a well-maintained car with a solid service record becomes a valuable trade-in option, presenting an opportunity to enhance the dealerships used car inventory with well-cared-for vehicles.

Vehicle 52

Vehicle Manufacturing Management Utilities 52

AutoSuccess

JANUARY 4, 2024

Dealers today enjoy more predictable used car 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 used cars has been, until now, primarily determined by demand and availability.

Used Cars 52

Used Cars Hospitality Software Vehicle 52

AutoSuccess

MAY 14, 2025

With the potential for new vehicle prices to skyrocket, more shoppers may turn to used vehicles as a more affordable option. Ensuring a robust selection of high-quality F&I options that cater to used cars and trucks can help dealers meet this demand and maintain sales volumes while keeping customer service levels in place.

Consulting 52

Consulting Vehicle Manufacturing Customer Service 52

AutoSuccess

JUNE 21, 2025

Many dealers we talk to — and it’s the overall sentiment in the market right now — are sick and tired of going through middlemen (the auction) for their used car inventory. Not only is the auction profiting off you, but you’re paying close to $1,000 per car just to run it through your shop, eroding your margins even further.

Finance 40

Finance Management Car Used Cars 40

AutoSuccess

APRIL 11, 2024

Each technician provided a unique inspection report for a used car with worn components, resulting in a staggering lack of uniformity among the reports. Furthermore, technicians may not always recommend items they dislike addressing, leading to omissions in the inspection process.

Consulting 97

Consulting Electronics Education Used Cars 97

AutoSuccess

SEPTEMBER 3, 2024

While dealerships focus on reconditioning used cars, the efficiency of the PDI process for new cars is equally vital. Optimizing the Pre-Delivery Inspection (PDI) process is crucial, yet often overlooked. The PDI process ensures new vehicles meet manufacturer standards before delivery.

Car 93

Car Software Finance Management 93

AutoSuccess

AUGUST 6, 2024

He ran the used car department for his grandfather’s dealership, Chuck Patterson Toyota. For example, if you’re a Toyota store and you acquire all the publicly listed Toyotas on Craigslist and Facebook marketplace, it forces your local Toyota consumers to shop with you. If you don’t think this works, ask our CEO, Nick Patterson.

Vehicle 94

Vehicle Used Cars Car Trucking 94

AutoSuccess

MARCH 15, 2024

This stands in sharp contrast to dealers who often face the challenge of uncertainties in used car acquisitions due to a lack of comprehensive data. Stock investors have long benefited from a wealth of information and advanced technological tools, supporting them in making data-driven decisions.

Mechanic 98

Mechanic Vehicle Utilities Used Cars 98

AutoSuccess

MARCH 22, 2025

Today, this pattern is packaged into digital vehicle portfolios (DVP), the visual, enticing and descriptive Wish Books grown-ups now use to shop and buy used cars from your dealership. Seal the deal before it starts by using DVPs to transform buyer trust and transparency and stimulate desire.

Used Cars 52

Used Cars Vehicle Finance Car Dealership 52

AutoSuccess

JUNE 3, 2025

If that happens, a slump will also lead to suppressed used car prices, so be prepared for both realities as you do your forecasting. But sales pulled forward dont get back-filled by sales later. This is the opposite of pent-up demand, and urgency buying will lead to a sales slump later in the year.

Car 40

Car Media Used Cars IT 40