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CarMax

CarMax joins Carvana in 2022 used vehicle woes as profits fall...

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CarMax has announced cuts to hiring and stock buybacks in an effort to recoup from a devastating third quarter. The company suffered an 86% profit...
market

Can you keep customers from feeling ‘ripped off’ in the hot...

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Post-pandemic car buying is on fire right now. Cox Automotive estimated that April 2021’s used car SAAR was 41.0 million, climbing by a half-million...

Auto industry leaders ruffle feathers with recent tweets

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Elon Musk hasn’t particularly cared about tradition and has often upset those who have enjoyed the control they had on their business environment. Recently,...
marketing

What is your marketing budget really delivering?

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Question for General Managers in dealerships each month: Do you understand what your marketing budget is delivering? There is a lot of money being spent...
Free2Move

Six states to receive Free2Move ‘Car On Demand’ subscription services this...

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Car subscription services under the Stellantis umbrella are set to expand into a total of six American states by year’s end, according to a...
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...
credit

Are credit constraints a precursor to another financial bubble?

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If a recent MSNBC story and reports of what is happening at Barclay Bank are any guide, a blind hairpin turn could be ahead....
tech

Study finds interesting correlations between in-car tech and demographics

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Years ago, in an OEM new product launch focus group, a manufacturer found out that 80% of the consumers were more interested in the SUV's...
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,...
digital marketing

It is time to stop debating & hire a digital marketing...

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A few years ago, I published an article about the need for a full time marketing manager in every automotive dealership. This view was...