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catalytic converter

What can car dealers do about rampant catalytic converter thefts at...

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Last week, the Bill Barth Kia dealership reported that they were the target of a thief that stole three catalytic converters and damaged four...
parts

The cost of obsolescent parts for a car dealer

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According to the NADA, an average-sized dealership is sitting on $50,000 worth of parts that haven’t moved in a year. Think of what could...
days' supply

Record car sales push days’ supply of inventory down further

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New car inventory has been steadily decreasing since December on two main factors: extremely strong buying behaviors by an increasingly confident nation, and a...
inventory

Dealers see used inventory prices continue to climb at auction

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The Used Vehicle Value Index published by Manheim reports that total used vehicle sales were up 69% year over year in April, pushing the...
car

Car buyers advised to skip negotiating, pay sticker price during entrenched...

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Chip shortages, factory shutdowns due to COVID outbreaks, and a lack of used car inventory from rental companies are all combining to create supply...
rubber

Shortage of natural rubber compounds vehicle production concerns

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Dealers could once again be facing inventory shortages in both the sales and parts departments as the supply of natural rubber is stretched thin....
wholesale

Record high wholesale prices reflect tight used inventory, strong sales

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The cost per unit to purchase inventory for the used car lot continues to increase as the second quarter of 2021 kicks off. The...
inventory

Edmunds reports that new inventory continues to ‘dwindle’

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Consumers who are ready to buy that shiny new car at a reasonable price may have to wait a while longer, according to an...
reconditioning

How to streamline the reconditioning process in a banner sales market

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Vehicles that look better sell better. But, as in most things, you may find yourself facing decisions on whether to focus on time, quality,...
inventory

More parts shortages hit auto industry, affecting new inventory

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On Friday, Mar 19, a fire at Renesas Electronics Corp northeast of Tokyo, Japan has exacerbated the semiconductor shortage affecting the auto industry. The...