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According to a forecast released by Cox Automotive, new light-vehicle sales volume in May is expected to finish near 1,050,000 units, down 33% compared to last May but up 49% from last month.
Autotrader announced the 2020 Best Non-Luxury and Luxury Certified Pre-Owned Programs for 2020. Since today’s car shoppers are focused on value and affordability, CPO is a perfect option for a cheaper vehicle that has a manufacturer-backed warranty.
David Jorgensen announced as co-owner and President of new division.
Black Book recently published an update to their COVID-19 Market Updates.
As vehicle margins continue to compress, dealers need to differentiate themselves beyond vehicle prices and offer consumers a premium experience. An excellent reputation and finding the right vendor to manage it are vital first steps.
Dealers begin rehiring staff and opening up for sales, but challenges remain.
The National Automobile Dealers Association announced that President and CEO Peter Welch will be retiring at the end of 2020.
Keeping practicality and affordability in mind, the editors at Autotrader have identified the 10 Best Cars for Recent College Graduates in 2020.
AutoNation chairman and CEO, Mike Jackson, discussed safe operating procedures and much more during his appearance on CNBC’s Squawk Box on Sunday, May 9.
Binary Automotive Solutions continues its aid programs into May by extending their free marketing program for any dealership nationally and by delivering shipments of hand sanitizer to its California area dealership clients who are reopening.
April saw the largest drop (-7.9 points) since the Index’s inception in 2005.
The April SAAR represents a drop of 47.6% compared to April 2019. Yet many industry watchers believe auto sales have bottomed out and are showing signs of recovery.
New solutions provide dealers with industry-leading values in cutting edge products.
The dynamics of the auto retail industry have dramatically shifted over the past few weeks. The good news here, is that while the backdrop has changed, many dealers still have the capability to work deals remotely.
Analysts say April will be the worst auto sales month in at least 30 years due to the coronavirus pandemic.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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