How to Deliver the Experience Customers Want and Earn Inventory - Cox Automotive Experience 2021
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Aged Inventory
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Northwood University Inventory Experiment Part 2 of 2 | vAuto Podcast
Under the Microscope: How Bush Auto Place Fared in a Northwood University Study In this vAuto podcast episode, dealer Mark Bush of Bush Auto Place, Wilmington, OH, discusses results of a recent Nort
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3 Keys to Smarter Wholesale Sourcing eBook - Manheim Dashboard
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Missing the Import of Current Retail Automotive Conditions
It seems as if nearly everyone in the industry, especially dealers, wants answers to two important questions: When will the current chip shortage, which is affecting new vehicle production levels...
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Early Signs of a Market Moving to More “Normal” Dynamics
I believe we’re about to reach a similar moment in the used vehicle market, particularly for dealers who have been stocking their inventories to achieve a 60- or even 90-days supply of vehicles.
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New Car Holding Calculator
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Turn Calculator
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NADA Day 3: A Final View from Las Vegas
As I was leaving Las Vegas yesterday, it occurred to me that I hadn’t shared much on new vehicle market conditions and what they may mean for dealers. Of course, everyone knows the industry will...
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Autotrader Spotlight in Conquest
Address aged inventory with our new Autotrader Spotlight integration!
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A Call For Balance, Collaboration In New and Used Vehicles
I recently did an interview with CBT News where host Jim Fitzpatrick and I discussed three things dealers should do to better manage their new vehicle inventories. We talked about keeping a...
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3 Best Practices To Ease The Current New Car Pickle
Franchised dealers are in a bit of pickle these days. As Automotive News reported this week, new vehicle inventories have risen to their highest level since July 2017. The estimated tally of 4.2...
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Understanding The New Math of Today’s Used Car Business
There was a time not long ago when selling used vehicles and making money were synonymous. Those were the days when you could take a used vehicle into inventory, price it to achieve your gross...
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Independent Dealer Realizes His Car Business Dream
It’s been a bit of a dream come true for independent dealer Dan Oakes in Kansas City. In 2010, Oakes acted on his curiosity and interest in the car business. His job as an energy trader provided...
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3 Keys To More Efficient New Vehicle Inventory Management
Perhaps it’s telling that, as of today, no one has commented on the Automotive News piece that discusses how dealers will face a “tough slog” in the months ahead in new cars. The reason, I...
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Margin Compression Takes A Bite—How Will You Bite Back?
For many dealers, margin compression in used vehicles has been a bit like a leaky water line. The truth is, the line’s been slowly dripping for years. But no one really noticed it until now—after...
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Part 2: 4 Ways To Mitigate Margin Compression
If today’s used vehicle market was a house, it’d have a serious structural problem. Let’s say the house had eight-foot ceilings 10 years ago. Today, the ceiling height is probably closer to seven...
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Part One: A Troubling Tradition-Minded Trend To Avoid
In the past few weeks, I’ve noticed a troubling trend in dealers’ used vehicle inventories. The inventory turn rates at these dealers is slowing down. Last year, the dealers consistently...
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Four Key Resolutions To Improve Used Vehicle Performance
A new year brings much discussion about goals, resolutions and to-dos. That’s certainly the case with a lot of dealers, judging from conversations and e-mails the past few weeks. Collectively, the...
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4 Used Vehicle Fundamentals To Help You Stay Strong As Fall Unfolds
There appears to be good news and bad news on the horizon in used vehicles. The good news first: The healthy pace of used vehicle sales, particularly in near-new segments with good-credit buyers,...
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A Market-Minded Path To Improved New Vehicle Inventory Profitability
It’s here—the slowdown in new vehicle sales that many dealers and industry observers have expected to arrive for some time. As one analyst puts it, “the new car market is no longer growing, which...
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