The Current State of Automotive Dealership Sales: Focusing on Performance Optimization
The automotive dealership landscape has seen significant changes in recent years, particularly in the wake of fluctuating profitability and high interests.
The automotive dealership landscape has seen significant changes in recent years, particularly in the wake of fluctuating profitability and high interests.
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…