FROM AUTOMOTIVE NEWS: Inventory up, but Still Leaner Than Pre-COVID
The industry kicked off March with a 78-day inventory supply, around 2.82 unsold units – a slight increase from February, but a notable decrease from the year prior.
FROM THE NEW YORK TIMES: Electric Cars Are Coming. How Long Until They Rule the Road?
While automakers are all-in on electric models, the number of gasoline-powered vehicles that will remain on the roads for the next few decades could hinder the dream of an all-electric future.
FROM WARDSAUTO: Auto Insurance Sales Reflect Uptick in Vehicle Demand
Boosts in the F&I department can be a major sign of trends on the sales floor. Dealers should keep an eye out for growing demand as tax refunds and government stimulus checks start to hit shopper bank accounts.
FROM CNN BUSINESS: How COVID Has Changed the Way Used Cars Are Sold
The shift to a hybrid sales experience – online and in person – has both expanded dealerships’ shopper pools and sustained the 11% rise in used car prices year over year.