For decades, the used-vehicle department has been the most reliable profit engine in retail automotive, but today, success looks very different than it did a few years ago. Higher wholesale prices, shrinking front-end margins, rising recon costs, and increased consumer payment sensitivity have ...
Auto dealers across the nation are grappling with a significant challenge—shrinking used car inventories. Several factors have led to this situation, including the COVID-19 pandemic's impact on the auto market, where fewer leases were signed over the last several years. Many people are also holding ...
Leasing is WAY down
Dealers are currently navigating through a state of high demand for used vehicles and what it means to the franchise owners. This recent inventory shortage is driven by a number of factors including the chips that have been delayed, other parts and materials that aren’t being produced or delivered, ...
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