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Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply shortages linger.
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The acquisition builds on KAR’s fast growth in the dealer-to-dealer segment.
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Automakers hope to use 5G in big ways, such as downloading software updates on the go, updating digital maps, and sounding alerts about road conditions.
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Automakers remain divided over the larger tax credit for EVs built in Union shops and other measures in the green energy plan.
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Our team of auto financing professionals has extensive local market knowledge to meet dealers’ unique needs in a personal, professional and efficient manner.
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According to Twinner, the average dealer group can expect to increase its turn rate by 15 percent and save up to $400 per car.
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Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
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BMW is faring better than GM, and car dealers are coping better than component suppliers.
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Report finds that the industry continues to rely on technology and customer feedback to improve the increasingly digital car-buying experience.
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Capitalizing on strong consumer demand, new offering streamlines the flow for wholesaling vehicles.
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