Car dealers are beginning 2019 with a heavier inventory of unsold vehicles on their lots, a situation that some analysts say will put pressure on them to cut factory output as U.S. auto sales are expected to cool this year.
Wall Street Journal. Mon, 04 Feb 2019 17:40:31 EST.
Selly Automotive CEO Zach Klempf believes that used car dealers are prepared to up their game by employing the same customer-relationship tools that franchised new-car dealers rely on. ....
By Jack R. Nerad, Contributor. Forbes. Thu, 31 Jan 2019 12:47:00 -0500.
SAN FRANCISCO, Jan. 25, 2019 -- John Alfirevich, of Apple Chevrolet in Tinley Park, Ill., today was named 2019 TIME Dealer of the Year during the 102nd National Automobile Dealers Association (NADA) Show in San Francisco. ...
PR Newswire. Sat, 26 Jan 2019 01:11:00 +0000.
The two men entered the showrooms and offered to buy cars with cheques that were later cancelled. The failed payment in these cases went up to as high as $800,000 in one instance.
Straits Times. Fri, 25 Jan 2019 12:44:21 +0800.
New vehicle sales in the United States are expected to drop next year as higher interest rates and rising prices could prompt customers to hold off their car-buying plans, the National Automobile Dealers Association (NADA) said on Thursday.
Reuters. Thu, 13 Dec 2018 14:57:58 -0500.
Alongside affordability challenges, high interest rates and difficulty obtaining credit for customers have clouded dealers' typically rosy outlooks, according to Cox Automotive's Dealer Sentiment Index survey.
AutoNews.com. Wed, 12 Dec 2018 09:53:29 EST. Subscription may be required.
The Chinese Auto Dealers Association reported record inventory levels among its members in November, and that will inevitably lead to a round of price discounting in the coming months.
By Jim Collins, Contributor. Forbes. Tue, 11 Dec 2018 10:26:00 -0500.
At dealer auctions, car dealers purchase a large percentage of the cars that they sell on their used-car lots. The profits they make on these automobiles are often far greater than their profits on new car sales.