Welcoming another new dealer partner to the CarOffer network, Preferred Ford! Say goodbye to complicated sourcing and hello to a simplified trading experience with our instant trading platform. Discover the power of an all-in-one solution that optimizes inventory acquisition and stay ahead of the game to elevate your dealership's success!
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The industry is the culprit. Supply and demand is a thing. Unfortunately, retail car dealers sold their souls in early to mid nineties. What industry lets the maker sell them inventory (at inflated levels) and then tells them what they can sell for them for “retail”.
Late-Model Certified Preowned (CPO) Cars In Dealer High Demand
"When it comes to CPO cars (late-model CPO cars) of which those OEMs, you know, that's their bread and butter for loyalty and parts, revenue - those cars, a lot of those lease returns are being outright purchased, by the customers.
I've had a lot of OEMs reach out to us and say, 'What is vAuto doing to help our dealers be able to go out and acquire late-model CPO cars,' (because they're not just coming back from the captive finance company and grounding at the dealership and they can throw a CPO sticker on them, and let them fly, right)?
So we're getting very involved with the OEMs to try to let them know what we have to help them so that they can go out and counsel their dealers with their boots on the ground to say, 'Hey, we've got to start finding some of these cars because we don't want to lose that loyalty connection and the power of certified pre-owned.'"
- Patrick A Janes (AVP, vAuto Inventory Solutions) with Cox Automotive Inc. Automotive
Watch Full Interview https://lnkd.in/g48i4nUd
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Looking to acquire more cars while holding on to a bigger slice of the profits this Thanksgiving weekend?
When you use Kelley Blue Book® Instant Cash Offer to acquire cars directly from customers, you don’t have traditional sourcing fees eating into your margins.
Dealers who use Instant Cash Offer averaged $4,027 in savings per vehicle over the last 12 months.*
Now, that’s something to be thankful for.
Happy Thanksgiving to all!
P.S. We won’t tell the family if you sneak a peek at offers in between courses.
#kelleybluebook#automotive#dealerships#cardealers#autodealers#thanksgivinghttps://lnkd.in/gi6XWhrA
*Comparing average monthly costs for Instant Cash Offer dealers with non-Instant Cash Offer dealers across all dealers with vAuto inventory from Oct. 2022 through Sept. 2023.
National Performance Advisor | Automotive Retail Leader Focused on Relationship Development and Relationship Building.
2moThe industry is the culprit. Supply and demand is a thing. Unfortunately, retail car dealers sold their souls in early to mid nineties. What industry lets the maker sell them inventory (at inflated levels) and then tells them what they can sell for them for “retail”.