FROM AUTO REMARKETING: Used Luxury Vehicles Selling Quickly
The luxury segment continues to bolster used car demand, with the average days to sell only slowing slightly month over month from 38.9 to 42 days.
FROM THE WALL STREET JOURNAL: Auto Dealerships Can’t Keep Up With New Models. The Global Chip Shortage Is to Blame.
Dealers ended last month with nearly 26% less inventory than in previous years, with some brands running up to 70% leaner, making it difficult to meet financially-fueled shopper demand.
FROM AUTOMOTIVE NEWS: Store Count, Throughput Down in ’20
U.S. dealerships ebbed and flowed throughout the many manufacturing challenges in 2020. A 15% drop in new vehicle sales per franchise matched the country’s 15% drop in overall light vehicle sales.
FROM NADA: Stanton Discusses Vital Role of Dealers to EV Sales
The head of the dealer organization claims that there’s not only a place for franchise dealers in the all-electric future, but believes that they will be a large asset to model adoption.