More older model year vehicles are being financed, and having the right product mix that benefits the buyer can go a long way. With fewer lease returns coming back into the market, this year may bring continued variability in used car prices and availability, but new car inventory levels are strong and will help bolster overall sales. 🚗 See more Q1 stats and review the trends in our recent report! Read now: https://hubs.li/Q02yp_GD0 #jmagroup #automotivetrends #autotrends #automotive #dealerships
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Despite the ongoing challenges in the automotive industry, the used car market is projected to grow steadily throughout 2024. Factors such as a potential reduction in interest rates, gradual improvements in supply chains, and increased consumer demand for cost-effective vehicle options are expected to shape the market's trajectory. Dealers who stay informed and adapt to these changes will be well-positioned for success. Learn more about the future trends and how to prepare on our blog! https://lnkd.in/ezy4dfx2 . . . #MarketForecast #UsedCarSales #IndustryOutlook #UsedVehicles #MarketDemand #AutomotiveInsights #UsedCarMarket #AutomotiveIndustry #OTTOMOTONews #industryTrends
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Your used car strategy should be built around finding the right inventory for your specific needs and market demands. The great thing is, acquiring these high-quality vehicles can be as easy as turning to your service lane. Join Kelley Blue Book® Instant Cash Offer’s Micah Tindor at this year’s Auto Intel Summit. He’ll be talking about how to boost your inventory strategy by: · Leveraging your service drive to easily acquire cars · Crafting a successful approach to inventory stocking · Executing service drive acquisition to see more wins Get all the details on his talk and add it to your calendar now. https://bit.ly/3PVq1Ae #kelleybluebook #automotiveindustry #inventory #dealers #usedcars #AISNRC2024 #AutoIntelSummit
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Your used car strategy should be built around finding the right inventory for your specific needs and market demands. The great thing is, acquiring these high-quality vehicles can be as easy as turning to your service lane. Join Kelley Blue Book® Instant Cash Offer’s Micah Tindor at this year’s Auto Intel Summit. He’ll be talking about how to boost your inventory strategy by: · Leveraging your service drive to easily acquire cars · Crafting a successful approach to inventory stocking · Executing service drive acquisition to see more wins Get all the details on his talk and add it to your calendar now. https://bit.ly/3PVq1Ae #kelleybluebook #automotiveindustry #inventory #dealers #usedcars #AISNRC2024 #AutoIntelSummit
Your used car strategy should be built around finding the right inventory for your specific needs and market demands. The great thing is, acquiring these high-quality vehicles can be as easy as turning to your service lane. Join Kelley Blue Book® Instant Cash Offer’s Micah Tindor at this year’s Auto Intel Summit. He’ll be talking about how to boost your inventory strategy by: · Leveraging your service drive to easily acquire cars · Crafting a successful approach to inventory stocking · Executing service drive acquisition to see more wins Get all the details on his talk and add it to your calendar now. https://bit.ly/3PVq1Ae #kelleybluebook #automotiveindustry #inventory #dealers #usedcars #AISNRC2024 #AutoIntelSummit
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Exciting Market Update from Q2! Dealers, don’t miss our latest Live Market View video where we break down three critical themes: 1. Incentives and Rebates for New Cars 2. Targeted Used Car Opportunities 3. Back to the Basics Gain exclusive insights and actionable strategies to stay ahead of the curve. Let's optimize your inventory management and boost your profit margins. Watch our Live Market View video from Q2 now: https://bit.ly/3AfiabO #Automotive #CarDealerships #MarketInsights
LMV Q2
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Explore the key trends shaping the auto industry in 2024. From normalization to EV complexities and used car market fluctuations, discover the insights that will help your dealership succeed in this ever-changing landscape: https://ow.ly/9cw350Ro6gf #ShiftDigital #Automotive #AutomotiveIndustryTrends #Dealerships #DriveSuccess
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Forecasting new vehicle sales is hard, particularly when you're coming off the back of a very strange 2023. With that said, we've just published the latest Fifth Quadrant Car Parc & New Vehicle Sales Forecasts, so time to stick my neck out... Here's three predictions for 2024 📈 Total sales to drop back (just) below 1.2m, with fleet buyers picking up the slack ⚡ EVs to crack 100k, but hotter sales for hybrids as they reach 13% share 🚗 Passenger vehicles to drop below 50% of total car parc as Aussies keep shifting to SUVs and utes In this video Brad Ripps explains some of the issues we considered in the development of this latest edition of our model. For more details (or the forecasts), check out the link in the first comment below. #NewVehicleSales #EVSales #CarParcForecasts
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Our latest Automotive Insights Report for April is out, and it paints a picture of a resilient and evolving used car market, with both supply and demand holding firm. With data brought to you as always by AutoGrab, in April we saw a slight 0.3% decrease in used car sales compared to the previous month, alongside a 3.8% reduction in listings. Key Highlights: - 276,719 vehicles listed, 183,575 used cars sold - Stable average selling time of 44.3 days - Hybrid and EV sales continue to surge, growing by 5.7% and 9.5% respectively - Retained values vary across segments For more insights, dive into the full report! #AIR #automotiveindustry #usedcarsales https://bit.ly/4ahg9Is
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You don’t have to look far for quality used car inventory – it’s right in your service lane. The Service Drive Acquisition enhancement can help get those vehicles in your hands. You can use this handy feature to put your service lane to work and enhance your inventory acquisition strategy. And the best part is, it’s available at no additional cost to dealers with a Kelley Blue Book® Instant Cash Offer subscription. Learn more about how you can use Service Drive Acquisition to uncover valuable inventory opportunities today. https://bit.ly/4bpWreP #kelleybluebook #automotive #inventorymanagement #automotivesales #carsales #usedcars
You don’t have to look far for quality used car inventory – it’s right in your service lane. The Service Drive Acquisition enhancement can help get those vehicles in your hands. You can use this handy feature to put your service lane to work and enhance your inventory acquisition strategy. And the best part is, it’s available at no additional cost to dealers with a Kelley Blue Book® Instant Cash Offer subscription. Learn more about how you can use Service Drive Acquisition to uncover valuable inventory opportunities today. https://bit.ly/4bpWreP #kelleybluebook #automotive #inventorymanagement #automotivesales #carsales #usedcars
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Very insight on the car industry..
As car prices stabilize, used vehicles remain the standout choice. FEP's Scott Romanoff and MarketWatch's Venessa Wong shed light on how dealerships, like Carvana, Hertz, and Lithia Motors, are adapting to the latest car-buying trends. Watch more: https://trib.al/UzfLyO8
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While the auto industry is being buffeted by more forces than any time since cars were invented, it is ultimately the consumer that decides which car to buy and how to manage it. After a turbulent four years, consumers are no longer moving as fast as the hype is. While open to new propositions, they increasingly know what they want – and what they don’t. Our fourth annual Speedometer report outlines our findings and insights into the key trends and implications for the future, crucially highlighting what this means for manufacturers, dealers, OEMs, and finance providers. Read our full report here: https://lnkd.in/ebXAhzNC. To find out more about our expertise in the automotive sector, contact Felicity Latcham, Nicholas Farhi, Mark Jannaway, or [email protected]. #Automotive #Auto #UncommonSense
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