Tag: inventory
5 Tips for acquiring pre-owned vehicle inventory
As a dealer that sells pre-owned vehicles, apart from customer acquisition, inventory acquisition is always front of mind. Throughout the past year, auctions have...
Sales strong and prices high through January despite below average inventory
Through the month of January, auto sales ticked higher than December 2020 as the pandemic recovery continues. With a January SAAR of 16.6 million units and...
The modern sales team as a driver of inventory turn
Sales departments that interact closely with their dealership’s reconditioning function put more “sold” units on the board. Unfortunately, few sales managers and their teams...
Average list prices break through $40,000 ceiling as new vehicle inventory...
The strain of the coronavirus undoubtedly shook up the auto industry in 2020, but things have slowly been turning around since the middle of...
Dealer sentiment acknowledges both slow downs and bright spots in Q4
Earlier this week, Cox Automotive released their Dealer Sentiment Index report and survey results for Q4. The study showcased responses from 1,077 auto dealers, which were...
Lower volume, higher profits the name of the game for dealers...
In yet another twist on a topsy-turvy year, Black Friday car deals are expected to be less aggressive than they have been in previous...
Used car industry seeing more inventory, all-time high prices
Customers have more choice and dealers have more to offer shoppers in the used car market, according to vAuto Available Inventory. Used cars have...
Tips for managing lean parts inventory
For all dealerships, the parts department is as much of a gamble as new car sales. Ordering for inventory is a necessity to ensure...
Auto groups and automakers defy third-quarter expectations amid the pandemic
This year looked as if it was going to spell disaster for the automotive industry. The onset of the COVID-19 pandemic in the early...
New car inventory levels starting to normalize
Dealers can start to breathe a little easier as new vehicle inventory levels continue to rise. Cox Automotive’s vAuto Available Inventory data shows that...
