The last couple of years, automotive dealers were making record profits from car sales. Fast forward and we now find ourselves in a market with significantly increased inventories.
In today's fast-paced automotive retail sector, nearly every dealership utilizes a Customer Relationship Management (CRM) system to manage prospects and customers.
At Mach10, we are often being asked to provide insight on the importance of F&I products and services, what they mean for the overall profitability of a dealership, and what impact they may have on the customer experience.
In recent years, dealers enjoyed record-high gross margins on new and pre-owned car sales.
The U.S. car market is poised for a transformative year in 2024. With used car prices falling and new vehicle production nearing pre-pandemic levels, dealerships face unique challenges and opportunities.
With the current supply/demand dynamics in the automotive retail sector, sales margins can be razor-thin. Maximizing profitability increasingly hinges on optimizing a dealership's operations' less conspicuous yet crucial aspects.
With a career spanning my entire adult life in the automotive industry, I have witnessed firsthand the gradual evolution of retail, where I began, which has been greatly accelerated by…
Industry leader in full-service automotive dealer solutions strengthens leadership team with seasoned marketing executive in its continued expansion.
Used car prices in the U.S. have fallen thanks to multiple factors: car supply shortages have eased, gas prices have risen, and high interest rates make it difficult to buy…
When you buy a new vehicle, you’ll usually get a manufacturer’s warranty that will cover many things that could go wrong in the first few years. Virtually all car manufacturers…