There’s expected to be a 2-3% price drop in the used car market this year, couple that with a compression of 30% on margin compared to the last 5 years and it’s a tough playing field.
Having an app based appraisal solution not only presents a professional appearance to customers, but it helps your staff justify the valuation.
Rumours of an impending trade war keep circling, and it’s the global automotive industry as a whole that could face the biggest blow.
It’s always a tricky thing to ‘buy right’, you need to manage the profit margin with saleability. Buy too high and the car will simply languish on your forecourt unsold for weeks.
In an increasingly volatile marketplace keeping your eye on the ball is ever harder, but what are the three most important key performance indicators you should be focussing on?
Dieselgate came as a big shock to the industry, even though ever tighter regulations meant fudging of the figures had probably been going on for a long time. Most likely by more than one car maker...