Tag: used cars
Carvana’s Q3 losses shed light on slowing used car demand
Carvana shares fell in extended trading after the company announced its third-quarter financial results were worse than expected and reflected a decline in nearly...
How dealers can better manage their new and used car business...
Today on Inside Automotive, we’re joined in the studio by Brian Finkelmeyer, Senior Director of New Vehicle Solutions at Cox Automotive, to discuss the...
Can dealers avoid overpaying for used inventory with the economy in...
From May 2021 to May 2022, the prices of used cars at auction rose more than 12% according to the Manheim Used Vehicle Value...
The importance of reducing time-on-task in your car dealership’s recon department
As auto dealerships continue to navigate the challenges of a prolonged new vehicle inventory shortage and disruptions within the supply chain, many now face...
How car dealers can better source used car inventory in 2022
Dealerships faced major headwinds in 2021 as an anticipated shortage of critical vehicle components like semiconductor chips put the brakes on new car production....
Carvana shows growth but takes a financial loss on Q3 2021...
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...
The secrets to marketing used cars successfully
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...
Wholesale prices expected to climb even higher after setting September record
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...
The adjustments car dealers need to make to improve profitability
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...
How car dealers can be proactive when stocking their used-car inventory
On the latest episode of Used Cars Weekly, host Jasen Rice discusses stocking and how dealers can be proactive in their stocking instead of...
