Dealer onsite auctions have improved in every major operational statistic that we track.
By Kathleen Burke, www.marketwatch.com View Original March 11th, 2016 Photo by: Getty Images People are leasing more cars than ever before, and used car shoppers are benefiting. New car sales rates have increased 68% — from 10.4 million in 2009 to 17.5 million in 2015 — since the recession, leading more people to leaseinstead of buy. [...]
"How do I get buyers to come to my bid sale inspection day?" Just because you hold a Wholesale Inspection Event does not mean wholesale car buyers will show up. Getting the right buyers to come to your auction or bid sale, both in person and online can appear to be challenging. But it doesn't have to be. Simple, tried and [...]
“Transparency” was, and still is, a common buzz word at car dealerships. The idea that, if you show the facts to your retail customers they will respond favorably towards your dealership and ultimately buy from you. It has been proven that customer loyalty is directly related to the honest treatment provided by your dealership. I personally [...]
Winter... the new spring market The spring market can represent as much as 50% of an independent used car dealer's business for the year. Why? Because it's the time that consumers receive tax returns which help with down payments. For many dealers, they kick in their marketing and stockpiling for the spring market too late, assuming that [...]
According to Black Book data, car values fell by 0.33 percent or $40 last week, while truck values dropped by 0.36 percent or $62. Last week, all the car segments Black Book tracks had higher week-over-week depreciation rates, except for the prestige luxury segment, which remained stable. The near-luxury car segment saw the largest depreciation among [...]