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Service Strategies for Inventory Shortages

Service Strategies for Inventory Shortages

Implement a few smart service strategies to acquire cars and keep profits high when inventory is low. A lot has been said about the current inventory shortage—causes, effects, and predictions about how long it will last. But one aspect that has flown under the collective automotive retail radar is that many dealers are thriving now. These dealers are sourcing vehicles and staying profitable, despite facing the same industry obstacles.

May 1, 2022

CPO Sales Bested February Totals

CPO Sales Bested February Totals

The industry saw 14.3% month over month growth, but CPO sales still fell 23.3% short of 2021 sales for the same month.

April 20, 2022

After Slow First Quarter, Manheim Forecasts Used-Vehicle Market to Accelerate in Months Ahead
Shortage of Inventory, Not Buyers Challenges U.S. Auto Industry
Cox Automotive March Forecast: Slow March Auto Sales to Cap Weakest Q1 in a Decade
Cox Automotive: Interest in EVs and Hybrids Spike As Fuel Prices Rapidly Increase
Cox Automotive Dealer Sentiment Index: Signs of Optimism Among U.S. Automobile Dealers Despite a Slow Start to the Year
Tesla Closes in on BMW Luxury Sales Title
Slim Inventory and High Prices to Cause Dip in January Vehicle Sales
Kelley Blue Book: 10 Takeaways from 2021 U.S. Auto Sales
Despite Inventory Shortage, High Prices, Overall Car Buyer Satisfaction Remains Near Record Levels
Service Departments Up Their Game

Service Departments Up Their Game

The Cox Automotive Service Industry Study finds that as dealerships leverage technology to enhance the customer experience, they can capture more service market share.

January 18, 2022

Wholesale Used Vehicle Prices Slowed in December
Cox Automotive: Improving Momentum Likely After Slow January Start
Toyota Crowned Auto Sales Leader

Toyota Crowned Auto Sales Leader

Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.

January 4, 2022

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