Business Solutions, Services & Supplies
Running a successful automotive dealership isn’t always about offering the best car deals. Instead, growing your car dealership requires a complex set of skills. Particularly in the last few years, dealerships have had to become more creative to keep those sales numbers up and keep customers … [Read more...]
Rising car prices and higher interest rates make it much harder for many Americans to buy a new vehicle than in years past. According to a new report, demand for used vehicles will likely continue rising as many consumers turn away from the new car market. However, as consumers have shifted their … [Read more...]
Higher levels of automation, also referred to as self-driving car safety features, often promise increased vehicle safety. Yet, while autonomous driving features add convenience, consumer sentiment remains low, with widespread apprehension about self-driving cars. A spring 2023 S&P Global … [Read more...]
Car dealerships are complex businesses relying on two key profit areas: variable and fixed ops. Variable operations usually refer to car sales, which typically have a lot of volatile variables. On the other hand, fixed operations, an industry term for the parts and service departments, are much … [Read more...]
The electric vehicle market has generally been niche, representing only a small share of the population, but demand for EVs is increasing. More than 750,000 new all-electric cars were registered in the U.S. in 2022, 57 percent more than in 2021. Encompassing hybrids, plug-in hybrids, and pure … [Read more...]