Sunday, June 13, 2021
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Memorial Day

Memorial Day weekend sales forecasted to be hot with a...

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In most years, Memorial Day weekend kicks off the busiest selling season for car dealers, barring a worldwide pandemic of course. As Americans are returning to a relatively normal existence with many restrictions lifting and consumer confidence growing, this Memorial Day weekend is expected to wrap up May in style. Strong sentiment in shoppers has […]
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trade-in

Edmunds Trade-In Values Report & what it means for dealers

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Edmunds recently released a report showing the latest average value for all used vehicles. During the month of March, it appears these numbers reached an all-time high, hitting $17,080, which is far more than $14,160 last year at the same time. What is causing this rise in trade-in values and what does it mean for your […]
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autohub

How AutoHub is Revolutionizing the Trade-In Game

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When the COVID-19 pandemic struck the U.S. back in March, dealers across the country were uncertain about what the future held for their business....
trade

Tips to enhance the trade-in appraisal process

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In the United States, 43% of new car sales include a customer’s trade-in. 22% of pre-owned sales have a trade involved. Altogether, nearly 16 million trade-ins are taken in by dealerships in the US annually if you extrapolate on NADA Data. However, nearly all car buyers at the dealership already own a vehicle, and very […]
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trade-in

Use the Trade-In to Make the Sales Process Quicker and...

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There is a lot of talk today about speeding up the sales process. Even with all the improvements the automotive industry has seen over the last few years, the average consumer still does not like the current sales and transaction process and they believe it takes way too long. One thing that can be changed […]
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trade-in

Five Common Mistakes Dealers Make in the Trade-In Process

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Clinching a sale often pivots on a customer’s trade-in. And while the exact number of vehicle sales that include a trade aren’t tracked in the industry, NADA members report approximately 65.6 percent of used vehicle inventory comes from trade-ins on new and used vehicle sales. It isn’t a stretch to infer that half of dealer […]
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artificial intelligence

Live Bid Trade-in Team Guarantees Value of Every Car

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Everyone knows engaged customers are much more likely to transact. Telling us more about that in today’s interview with Joe Gumm is Mike Dodd, President, and Chief Executive Officer, of Trade-In Valet. Mike shares with CBT News how much the company has grown from the last time we talked to him a couple years back. […]
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