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Dealers likely to obtain off-lease EVs more easily in second half
With the second half of the year underway, one of the used-car metrics that CarGurus is watching is the expected surge in off-lease volumes of electric vehicles. And it could be a double-edged sword. “A wave of off-lease EVs is heading into a market where demand is rising, which could be a welcome supply boost,” […]
In this used-car environment, ‘margin management’ more critical than boosting sales
The fact that public auto retailers saw their gross profit per used vehicle retailed dip only about 1% in the first quarter — while used-car profit margins inched downward — isn’t “alarming.” However, Haig Partners says in a report, the used-car market is leveling off a bit. “Dealers who expanded used-vehicle operations during the post-pandemic […]
Now united, Cox Automotive & Fullpath look for ‘friction points’ in car-shopping to help dealers solve
Last week, Cox Automotive closed its acquisition of customer data platform and marketing automation company Fullpath. It’s a move that Cox Automotive president Steve Rowley has said, “supercharges our data and AI advantages and brings our dealers the most advanced technology inside of our industry-leading connected retail platform.” So, what next? There’s a roadmap, says […]