The Weekly Automotive Market Update for August 5, 2020
Welcome to the Weekly Automotive Market Update with Bridget Fitzpatrick:
This week, new car sales came out to a retail SAAR of 11.45, down 12.5 percent from 13.48 in 2019.
The inventory...
TSLA400.4904.11%
GM79.290-0.29%
F14.0400.08%
RIVN16.5200.26%
CYD48.700-2.35%
HMC26.2600.07%
TM173.9401.17%
CVNA66.5503.69%
PAG175.2003.87%
LAD294.8501.83%
AN188.7402.38%
GPI313.1608.09%
ABG197.0506.92%
SAH80.7302.6%
TSLA400.4904.11%
GM79.290-0.29%
F14.0400.08%
RIVN16.5200.26%
CYD48.700-2.35%
HMC26.2600.07%
TM173.9401.17%
CVNA66.5503.69%
PAG175.2003.87%
LAD294.8501.83%
AN188.7402.38%
GPI313.1608.09%
ABG197.0506.92%
SAH80.7302.6%
TSLA400.4904.11%
GM79.290-0.29%
F14.0400.08%
RIVN16.5200.26%
CYD48.700-2.35%
HMC26.2600.07%
TM173.9401.17%
CVNA66.5503.69%
PAG175.2003.87%
LAD294.8501.83%
AN188.7402.38%
GPI313.1608.09%
ABG197.0506.92%
SAH80.7302.6%
New Car Sales
Sonic Is Adding EchoPark Used Car Stores – Is This a Strategy More Dealer Groups Should Follow?
The fifth-largest American auto dealer group has announced plans to expand on their standalone used car dealership model known as EchoPark. As the pre-owned only stores continue to surpass expectations,...
Mike Cavanaugh on the State of BDCs: ‘Dealers have to make a commitment’
The role of the BDC is becoming ever-important in today's business climate. The days of having a call center type of environment where employees just set appointments have changed dramatically....
CBT News Market Update: Doug Eroh, Longo Toyota & Jason Knight, LotLinx
Since the outbreak of the COVID-19 pandemic in March, dealers have been closely monitoring inventory levels in relation to the fluctuating volume of demand in the market. This week, inventory...
The Benefits of Outsourcing Your Dealership’s BDC – Mark Sokal
March and April were shaky months for many dealers nationwide, and their vendor partners also felt the sting of less than stellar sales as a result. However, as the industry...
Used Vehicle Demand in the US is Shaking Up Inventories
With costs of new vehicles rising and consumers’ pocketbooks still being strained by the coronavirus pandemic, used vehicle demand has significantly spiked since the COVID-19 pandemic began. Inventory of new...
CarGurus Report: 70 Percent of Consumers Are Actively Searching for Vehicles
According to the Wall Street Journal, most automakers reported declines in sales during this year’s second quarter. The numbers may look bleak, and these sales decreases may be the norm...
The Weekly Automotive Market Update for July 29, 2020
Welcome to the Weekly Automotive Market Update with anchor Bridget Fitzpatrick. This week, new car sales came out to a retail SAAR of 10.85, a 14.4% dip from 12.67 in...
Evaluate Your Sales Training, Is it Up to Par? – Mark Tewart
Consistent training for your sales staff is crucial to winning every customer that comes into the showroom. However, dealers often say that they don't have the time or man-power to...
CBT News Market Update: Jessica Caldwell, Edmunds & Mark Conner, LotLinx
Recent CBT News MarketCenter powered by LotLinx data has found that the 2020 SAAR as of July 21, 2020, is 11,457,857 units, compared to 13,104,082 at this time last year, a 12.6%...
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