Car Buying Habits Your Dealership Needs to Know in 2021

Car Buying Habits Your Dealership Needs to Know in 2021

The recent pandemic has had a massive effect on the ways in which we make the majority of our purchases, and buying a car is no exception. As face-to-face interactions between buyer and seller have become less appealing — and in some cases an impossibility — shopping for a car has shifted to a..

Read more

Maximizing Your Profit on Auction Cars

Maximizing Your Profit on Auction Cars

Shopping at auctions can be stressful. Worst-case scenario, you bring in a used car that consumes your reconditioning budget and then sits on your lot, further decreasing in value, causing your potential profits to dwindle. This is not a situation that any dealer wants to be in.

Read more

How does an IMS Improve Your Dealership’s Profit Margins?

How does an IMS Improve Your Dealership’s Profit Margins?

It hasn’t escaped your notice: in the highly competitive automotive industry, profit margins for dealerships are slim. New car dealers make an average net profit of only one to two percent on every new car that is sold, largely due to numerous inherent costs like staffing and maintaining..

Read more

Analytics of Today's Car Shopper

Analytics of Today's Car Shopper

We've heard about the importance of digital retailing for car dealers for the better half of the past decade. It's no longer enough to simply display your dealership's inventory on your website and expect buyers to flood in. Even pre-pandemic, autosuccess.com reported that 89% of consumers begin..

Read more