Tag: used cars
How Sonic Automotive and EchoPark plan to keep up their momentum...
Sonic Automotive is coming off a strong year in 2020 as it set records in sales and expanded its EchoPark used-car stores. Today, we...
Making ‘profitable reconditioning’ an integral component of your dealership’s used vehicle...
Nearly every used car manager in the country uses software and data to make smart decisions when it comes to buying a used vehicle....
How to source your dealership’s vehicle inventory more efficiently – John...
Dealers may have a solution to their inventory woes with CarLotz as the company focuses on expansion while also securing plans to go public...
5 ways to reduce cost erosion on used car inventory
Every day a used car doesn’t sell costs money. These 5 ways to reduce vehicle cost erosion are vital to your dealership’s ROI.
Asset depreciation...
Sonic Automotive’s EchoPark brand continues to grow despite industry setbacks –...
Sonic Automotive opened its newest preowned EchoPark brand store in Houston, Texas on Sept. 8, 2020, making it the eleventh retail store for the...
CarGurus Report: 70 Percent of Consumers Are Actively Searching for Vehicles
According to the Wall Street Journal, most automakers reported declines in sales during this year’s second quarter. The numbers may look bleak, and these...
Used Vehicle Demand in the US is Shaking Up Inventories
With costs of new vehicles rising and consumers’ pocketbooks still being strained by the coronavirus pandemic, used vehicle demand has significantly spiked since the...
CBT Automotive Newscast: July 22, 2020
Today's Featured Interview:
On today’s show, we’re pleased to welcome Ramon Ray, Founder of Smart Hustle Media and The Black Education Fund, acclaimed speaker, and...
Auto Stocks Benefiting from Rising Used-Car Values
There are many adjustments necessary to maintain operations in the midst of the COVID-19 outbreak. For most auto dealers, online, pickup and delivery options...
CBT Automotive Newscast: July 21, 2020
Today's Featured Interview:
COVID-19 certainly challenged dealers and their ability to operate. But how much ground was lost? How can it be made up? We...
