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.
Buying cars at auction can be laborious and time-consuming, but some of the top dealerships are now using the power of software to cut that time from around 30 hours a week to just 3.
You should all know these essential metrics by now, but here’s a reminder. Do you actively keep track of them?
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.
Most people dislike shopping for cars; there have been numerous reports on how pained the process is.
If you’re currently using Excel spreadsheets and paper to keep control of your vehicle stock, you’re not saving, rather wasting thousands of dollars. Here’s why.
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?