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The industry is the culprit. Supply and demand is a thing. Unfortunately, retail car dealers sold their souls in early to mid nineties. What industry lets the maker sell them inventory (at inflated levels) and then tells them what they can sell for them for “retail”.
Uncover the story of the success of an auto parts and car accessories retailer! Learn how they recovered from short deliveries & put #stockcontrol and #deliverychecks in place. Get the complete case study to understand the solution provided by #RGISIRELAND ➡️ https://ow.ly/S6GT50SN0t2
What are consumers looking for in a car purchase?
Our FREE automotive finance report provides insights into the unique car purchase needs of consumers at every stage of their adult life. You'll uncover what consumers look for in a finance agreement, what drives their specifications choices and how much exactly they are willing to spend.
This report is a must-read for OEMs, NSCs and dealers alike. Download your free copy today! https://hubs.li/Q02bwtR70#automotivefinance#carownership#OEM#dealership#consumer#millennial#GenX#babyboomer#freereport
Late-Model Certified Preowned (CPO) Cars In Dealer High Demand
"When it comes to CPO cars (late-model CPO cars) of which those OEMs, you know, that's their bread and butter for loyalty and parts, revenue - those cars, a lot of those lease returns are being outright purchased, by the customers.
I've had a lot of OEMs reach out to us and say, 'What is vAuto doing to help our dealers be able to go out and acquire late-model CPO cars,' (because they're not just coming back from the captive finance company and grounding at the dealership and they can throw a CPO sticker on them, and let them fly, right)?
So we're getting very involved with the OEMs to try to let them know what we have to help them so that they can go out and counsel their dealers with their boots on the ground to say, 'Hey, we've got to start finding some of these cars because we don't want to lose that loyalty connection and the power of certified pre-owned.'"
- Patrick A Janes (AVP, vAuto Inventory Solutions) with Cox Automotive Inc. Automotive
Watch Full Interview https://lnkd.in/g48i4nUd
Subscribe to ATI Auto Businesshttps://lnkd.in/gUmQ6U2G#automotiveindustry#OEM#dealers#cpo#lease#usedcars#inventory
What are consumers looking for in a car purchase?
Our FREE automotive finance report provides insights into the unique car purchase needs of consumers at every stage of their adult life. You'll uncover what consumers look for in a finance agreement, what drives their specifications choices and how much exactly they are willing to spend.
This report is a must-read for OEMs, NSCs and dealers alike. Download your free copy today! https://hubs.li/Q02bwtR70#automotivefinance#carownership#OEM#dealership#consumer#millennial#GenX#babyboomer#freereport
Uncover the story of the success of an auto parts and car accessories retailer! Learn how they recovered from short deliveries & put #stockcontrol and #deliverychecks in place. Get the complete case study to understand the solution provided by #RGISIRELAND ➡️ https://ow.ly/oVai50Q8NfT
Uncover the story of the success of an auto parts and car accessories retailer! Learn how they recovered from short deliveries & put #stockcontrol and #deliverychecks in place. Get the complete case study to understand the solution provided by #RGISIRELAND ➡️ https://ow.ly/oVai50Q8NfT
National Performance Advisor | Automotive Retail Leader Focused on Relationship Development and Relationship Building.
2moThe industry is the culprit. Supply and demand is a thing. Unfortunately, retail car dealers sold their souls in early to mid nineties. What industry lets the maker sell them inventory (at inflated levels) and then tells them what they can sell for them for “retail”.