Cassie Broemmer

🔥Fixed Ops Managers🚙 🚙Used Car Managers🔥 🔥General Managers🚗 🚘Dealer Principals🔥 🔥Automotive Professionals🚖 Kevin Deutsch reveals the easiest step to fixing your recon process with intesity. David Long’s All Things Used Cars... Every Friday morning at 9AM EST/6AM PST. Jump into the conversation or be a 🪰 on the wall like me! Either way, you’ll walk away with amazing insights and actionable tips that you can implement at your dealership TODAY to make you and your bottom line better. 💰🤑💵💲 👀 in the comments for a link to the full episode replay of Recon Intensity. #automotive #autodealers #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer #sales #cardealership

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Positive Outlook for Dealerships: Q1 2024 Sales Trends Show Industry Resilience The latest NADA (National Automobile Dealers Association) Market Beat report for Q1 2024 offers some encouraging signs for the automotive industry. Despite a slight dip in the March SAAR (Seasonally Adjusted Annual Rate) compared to February; the overall sales picture is positive: Increased Sales: The new light-vehicle sales SAAR for March 2024 hit 15.5 million units, a 3.8% increase year-over-year. First-quarter results are even stronger, with the SAAR at 15.4 million units, marking a 7% increase compared to Q1 2023. Improved Inventory: Crucially, shoppers now have significantly more vehicles to choose from. New light-vehicle stock on the ground and in-transit totaled 2.58 million units in March 2024, a substantial 40.2% jump compared to March 2023. Key Takeaways for Dealers These figures point towards a few key implications for dealerships: Affordability and Incentives: The combination of rising inventory and OEM incentives has led to a decrease in average transaction prices. While the average vehicle price in March 2024 came in at $44,186 (down 3.6% compared to last year), average incentive spending per unit reached $2,800, marking a significant 66.6% year-over-year increase. Dealerships should be prepared to leverage these incentives to attract buyers. Hybrids on the Rise: The alternative-fuel vehicle segment continues to grow, reaching an 18% share of total new vehicle sales in Q1 2024. Conventional hybrids are leading the charge with an 8.6% share and an increase of 2.4 percentage points year-over-year. This underscores the importance of adapting our inventory to meet growing demand for fuel-efficient options. Steady Growth Expected: While inventory might fluctuate over the next few quarters, the NADA anticipates that it will reach around 2.7 to 2.8 million units going into 2025. This, combined with rising sales figures, results in a positive outlook for the year, with a forecast of 15.9 million units for all of 2024. Adapting to the Market These NADA figures emphasize the importance of being malleable and nimble. By focusing on a diverse inventory that includes in-demand conventional hybrids, leveraging incentives, and anticipating a continued recovery in overall vehicle sales, dealerships can position themselves for success in the evolving automotive landscape. By: Delano Palmer Director of Training and Development Innovation Financial Services

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Just curious how many dealers are seeing this at the auctions they are trying to buy at? Our dealer partners are still telling us that auction prices are high and still making it difficult to buy inventory. Also, what percentage of trades are entered on your active leads in your CRMs?

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Dealerships have a unique chance to maintain or increase gross profits by building value in EVs. Despite recent price wars and market shifts, there are ways to protect margins while moving inventory. Four key strategies to boost EV sales margins: 1️⃣ Educate Customers: Use tools like Lectrium’s EV Savings Badges to highlight cost savings and incentives, helping customers see the value in EVs. 2️⃣ Train Your Team: Equip sales staff with knowledge on EV benefits to communicate value effectively and justify premium pricing. 3️⃣ Add EV F&I Products: Offer tailored finance and insurance options like extended warranties for EV batteries to enhance profitability per transaction. 4️⃣ Bundle EV Services: Create value-added packages, such as charging station installations and battery maintenance plans, to attract customers and generate extra revenue. Now is the time to adapt and lead in the growing EV market. Let’s connect to explore how Lectrium can support your dealership in maximizing these opportunities! 🚀 #EV #AutoDealerships #ElectricVehicles

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🚙Used Car Managers🔥 🔥General Managers🚗 🚘Dealer Principals🔥 🔥Automotive Professionals🚖 While some run scared in a volatile used car market, some say BUY THEM ALL! This Friday, May 31st, starting at 9AM EST/6AM PST... John Ellis, Brian Miller, Jasen Rice, Brian Kramer, and other top automotive minds dive deep into this important topic on David Long’s All Things Used Cars. Jump in the conversation or be a 🪰on the wall like me! Either way, you'll walk away with profit-boosting insights and actionable strategies to get more than your fair share. 💰💴🤑💲 Look in the comments for a link to RSVP. You'll be texted a reminder once the room opens up. #automotive #autodealers #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer #sales #salesdevelopment #salesexcellence #leadership #leadershipskills

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I don’t think enough people understand just how pervasive of a practice this is among auto software companies. I hope this is the beginning of a new mindset and business practices. #dobetter #datamatters #ownyourdata #fordealersbydealers #dealeradvocate

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Take your dealership to the next level with CallRevu’s scalable solutions. Our platform adapts to your needs, handling any call volume while maintaining top performance and security. ​ Gain valuable insights with our advanced call tracking and analytics, empowering you to monitor and boost sales performance in real-time. Make smart decisions that drive success and keep your team on top.​ Boost your dealership's success with our latest eBook on leveraging data: ​https://lnkd.in/en9gSZTp #CallRevu #Sales #Performance #Analytics #Dealership #AI #Growth #Data

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🚙Used Car Managers🔥 🔥General Managers🚗 🚘Dealer Principals🔥 🔥Automotive Professionals🚖 Keep trusting the following 3 things and you’ll go broke. 😩☹️⛓️‍💥 Adam Arens breaks it down in this exchange with Darrell Steed on David Long’s All Things Used Cars. 🤯🫳🎤 Every Friday morning at 9AM EST/6AM PST… Jump into the conversation or be a 🪰 on the wall like me! Either way, you’ll walk away with amazing insights and actionable tips that you can implement at your dealership TODAY to make you and your bottom line better. 💰🤑💵💲 👀 in the comments for a link to the full episode replay of 2024 Appraisal Process. #automotive #autodealers #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer #sales #cardealership

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