As the clocks spring forward, so do the advancements in the automotive industry! This week, read how Tesla is trying to roll back dealership storefronts, but how the used-car and retail sectors are setting their sights ahead with growing investment opportunities.
FROM REUTERS: U.S. Auto Sales Fall in February on Weak SUV Demand
A surprising slip in demand for normally high-priority sport utility vehicles, pickup trucks, and minivans has proven even the most reliable units are feeling the market’s effects – and is challenging dealers to re-strategize even their strongest inventory.
FROM AUTOMOTIVE IT: The Wind of Change Blowing Through Car Retail
As online research and purchasing is changing the consumer journey, traditional dealership models should be planning to modernize their responsibilities to include more direct contact with OEMs, subscription programs, and delivery services.
FROM AUTO REMARKETING: The Investment Potential In the Used-Car Market
The attractive margins of the used-car market are encouraging investors, including major auto groups like Lithia and AutoNation, to lay groundwork for technology, transportation, and sales partnerships in order to continue expanding the industry.
FROM AUTOMOTIVE NEWS: Dealers Seen Challenging Tesla Shift to Online Sales
Tesla’s blueprint for reducing vehicle costs and expediting the buying process is being met with pushback from state laws and regulations that reiterate the importance of physical storefronts and professional dealer services.
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