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Tag: pre-owned

rental

Rental companies are snatching up pre-owned cars amid supply challenges

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As the coronavirus pandemic drags on, the auto industry continues to be impacted in many ways. There is no doubt manufacturers and dealers have faced many hurdles over the past year, which includes innumerable problems on supply chains. J.D. Power’s Tyson Jominy stated that “every day, there is practically a new supply challenge,” which has […]
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vehicle

Tips for effective vehicle merchandising and marketing – Part 2

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Customers Don’t Always Come Through the Front Door As discussed in part one, the virtual showroom may seem similar to the brick-and-mortar store, but there’s no single entry that you can control. Links that drive the person to the site could land them onto the homepage, a vehicle landing page, inventory search, etc. A recent […]
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wholesale

Wholesale prices begin to normalize on usual inventory levels

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Dealers may start to notice the wholesale prices at auction slip back into more familiar territory. According to Manheim’s Used Vehicle Value Index mid-month report for September, wholesale used vehicle prices have decreased by 0.9% in the first two weeks of the month, signaling a turnaround in the pre-owned marketplace. The tiny decrease may seem […]
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ReconVelocity

ReconVelocity CEO David Penney Discusses the Importance of a Seamless Recon...

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When it comes to used vehicle operations, inventory turn has never been more important than it is now. Typically, service managers are mostly concerned...
rental car

Struggling Rental Car Market Could Be Solution for Pre-Owned Inventory

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After more than a century in business, Hertz Global Holdings Inc. filed for bankruptcy on May 22, 2020. The Estero, Florida-based corporation operates more than 10,200 Hertz car rental locations in 150 countries and includes Hertz Car Rental, Thrifty Car Rental, and Dollar Rent a Car under its umbrella. Collectively, the three rental companies have […]
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Dale Pollak

Dale Pollak: We Need ‘Cash for Clunkers’ on Used NOT...

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As part of our ongoing coverage of the Coronavirus, we’re pleased to welcome back Dale Pollak, founder of vAuto and Executive Vice President at Cox Automotive. In this segment, Dale discusses his perspective on federal officials and OEMs considering a program like ‘Cash for Clunkers’ to help stimulate demand in the retail auto industry. To find out […]
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Auto Remarketing

How the Coronavirus Has Disrupted the Auction Business and Used-Car...

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[Recorded on March 16th, 2020] As part of our ongoing Coronavirus coverage, we’re pleased to welcome Joe Overby, Senior Editor for Auto Remarketing and Auto Remarketing Canada. In this segment, Joe and Jim discuss how COVID-19 has disrupted the auction business and used car market. They also tackle the outlook for the used-car market for […]
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EBlock

How EBlock is Bringing Auctions into the Future by Combining Traditional...

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Recently, the CBT Automotive Network was on-location at NADA 2020 in sunny Las Vegas where host Jim Fitzpatrick spoke with Jason McClenahan, President and...
used-car

Should Your Dealership Focus Its Sales Campaigns on Acquiring Trade...

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The used car market is strong and shows no sign of slowing down. Dealers across the country are devoting more resources to building up their used-car sales departments. With all of this opportunity, there are plenty of ways to improve your used-car processes and sales. Here are some best practices to consider across various aspects […]
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Fair

A Forward-Thinking Alternative To Traditional Car Ownership – Scott Painter,...

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Scott Painter joins CBT Automotive News from the J.D. Power Automotive Conference to talk with us about Fair, an app that can help consumers buy cars with ease and dealers sell them, all through a positive digital experience. It has been Painters career-long focus to provide the industry and its consumers a product of ease […]
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