Wednesday, December 8, 2021
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Carvana

Carvana shows growth but takes a financial loss on Q3...

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Growing sales and great profit margins weren’t enough to push Carvana into the black through the third quarter of 2021. In the shareholder letter issued on November 4 from founder and CEO of Carvana, Ernie Garcia, this calendar year has been one that demonstrated car buyers’ affinity for simplified car buying. But despite a significant […]
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marketing used cars

The secrets to marketing used cars successfully

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Welcome to this week’s episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews, hands-on dealership strategies, as well as vendor analysis. Today, host Jasen Rice, founder of Lotpop, is joined by George Nenni, founder of Generations Digital to discuss marketing […]
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wholesale

Wholesale prices expected to climb even higher after setting September...

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The Manheim Market Report for September 2021 showed that wholesale used vehicle prices have risen to an all-time high once again, and the increase isn’t expected to be at its peak yet. The Manheim Used Vehicle Value Index reached 204.8, up more than 27% from September last year. Leading the way for wholesale price increases […]
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marketing used cars

The adjustments car dealers need to make to improve profitability

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Welcome to this week’s episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews, hands-on dealership strategies, as well as vendor analysis. Today, host Jasen Rice, founder of Lotpop, discusses current market trends and what you can do right now on […]
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marketing used cars

How car dealers can be proactive when stocking their used-car...

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On the latest episode of Used Cars Weekly, host Jasen Rice discusses stocking and how dealers can be proactive in their stocking instead of reactive. Stocking used-car inventory is a key element of Rice’s “first 30” strategy which he discusses in the first episode.  Rice says that acquiring valuable used-car inventory is one of the […]
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CarBox

How this independent car dealer is capitalizing on the strong...

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Over the last year, COVID-19 has impacted the way we sell cars and operate our businesses. The independent auto industry is changing as well. On today’s show, we’re pleased to welcome Scott Dooley, owner of the independent dealership CarBox, in Kenosha, Wisconsin, to give us his perspective on the industry’s changes and how they have […]
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marketing used cars

How this used car manager is adapting to unprecedented supply...

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Welcome to this week’s episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews, hands-on dealership strategies, as well as vendor analysis. Today, host Jasen Rice, founder of Lotpop, is joined by Nick Miller, Pre-Owned Vehicle Manager at Moberly Motors. Miller […]
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car

Used and new car shortage: An auto transporter’s perspective

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Today’s automotive landscape looks a lot different than it did 18 months ago. During the early days of the pandemic, dealer new and used car inventory sat stagnant as nationwide lockdowns were enacted, keeping consumers at home and shutting down showrooms. The Manheim Used Vehicle Index estimates used retail days’ supply peaked at 114 days […]
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Zeigler

Zeigler Auto Group has expanded to 35 car dealerships and...

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Zeigler Auto Group is continuing its aggressive expansion plan with the purchase of 4 dealerships in the state of Wisconsin. Joining us today to discuss acquisitions, inventory shortages, and emerging markets for digital technology, is Aaron Zeigler, President of Zeigler Auto Group. Zeigler begins the conversation by discussing the brands he acquired during the expansion […]
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car leasing

Could used car leasing tide over ravenous car buyers?

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Dealers nationwide are experiencing or expecting shortages on their new car lots. Some manufacturers have fared better than others, but as a whole, the industry will have fewer new vehicles available for sale than shoppers looking for one. Goldman Sachs is forecasting that the microchip parts shortage will keep inventory levels well below normal through […]
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