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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

Auto Experts Weigh in on the Semiconductor Shortage
Microchip Shortage Takes Big Toll on North America, Europe
Downstream Repercussions from Inventory Shortages
Experts Predict Soaring Vehicle Prices
Aluminum and Nickel Prices Surge

Aluminum and Nickel Prices Surge

Aluminum jumped up to 4.8% to $3,449 a ton on the London Metal Exchange, while nickel rose to the highest level since 2011.

February 24, 2022

Dealers Ask for Relief From Massive Tax Bills

Dealers Ask for Relief From Massive Tax Bills

A coalition has asked the U.S. Treasury Department to grant relief to dealers employing the LIFO tax deferment strategy who face excessive tax bills this spring.

February 23, 2022

Is the Chip Crisis Showing Signs of Improvement?
Ford Enters Agreement to Boost Chip Supplies
Today’s Bizarro Automotive World: Dealers Advertising to Acquire Cars
GM Again Shutters Truck Assembly Plants Amid Chip Shortage
AutoNation Expects Strong Demand Into 2022

AutoNation Expects Strong Demand Into 2022

AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.

July 20, 2021

Nissan Slows Production Amid Chip Woes

Nissan Slows Production Amid Chip Woes

Nissan will suspend production of the Murano, Leaf and Maxima at its Smyrna, Tennessee, plant for four additional weeks after its summer shutdown ends.

June 16, 2021

DealerSocket Adds Single Page Appraisal to Inventory+
Bloomberg: FCA Banking Unordered Vehicles, Pressuring Dealers
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