@GuyDealership
What's unique about the used car ecosystem is its ability to auto-adjust and liquidate supply as soon as demand softens.
New car OEMs are slow with incentives right now, aiming to maximize profit per car with higher volumes and higher MSRP's.
I’m saddened to hear about the situation at Off Lease Only.
Remember, the best independent used car dealerships thrive with hands-on owners. In this industry, we sometimes forget the basics and it starts with used car acquisition.
If you're impacted and looking for a new
Major player in used cars just got wiped out 🤯
the internal memo below:
“Elevated pricing and rising interest rates have further deteriorated conditions in the automotive retail market, weakening consumer demand and affordability.”
High rollers can buys Rolls Royces, and the rest of us can regret spending Bitcoin on used Hondas. You can now stop by an HGreg location in Quebec or Florida and buy a vehicle with cryptocurrency.
@GuyDealership
In markets like Canada, new car traffic for some OEM’s has shifted to 75% electric overnight. It will take time for supply chains to catch up to consumer demand
@Nowyoutellme4
@GuyDealership
New car OEMs profit from sales to dealers, not end customers. Dealers can't deeply discount to clear inventory. OEM incentives typically rise when dealers refuse inventory, pushing OEMs to boost sales and inventory turns.
Some OEMs seem to think dealers, with higher profits in
The internet has become annoying to use from all these cookie disclosures and privacy has not improved. This is what happens when lawmakers create laws for things they don't understand. Remember this?
As the discussion about artificial wombs becomes widespread and the science reaches new heights, the human population will exponentially grow as a result of its eventual adoption. Like driverless cars, the only thing holding it back will be regulation.
Quantitative tightening was transitory, quantitative easing has returned, and inflation, the economy's virus, is an endemic.
Welcome to the era of stagflation, where growth slows and prices soar. 🐢🚀
The Apple electric car should come in 2 variants: a sedan and an SUV, built on the same platform. Electric, connected and autonomous. This is the way
#AppleCar
"Apple's long-rumored electric vehicle is running at least two years ahead of schedule and will be released in the third quarter of 2021, according to Taiwan's Economic Daily News, which cites unnamed executives at Taiwanese manufacturers."
As MSRP’s rise at a faster pace (new technologies), SAAR will come down to 14 million and pre-owned will become an even more attractive option. We are not at peak pre-owned sales in North America.