Concerns over rising inflation continued supply chain disruptions, and ongoing hiring difficulties have proven to be persisting challenges that countless businesses still have to face. Yet, many business owners are optimistic about the future, and despite lingering threats, there are steps small … [Read more...]
Car Demand is Likely to Increase in 2023: But Can Supply Chain Catch Up?
Auto supply chains are globally complex, and disruptions to the supply chain have resulted in significant hardships within the automotive sector. Many auto dealers and repair shops have felt the substantial effects of the vehicle parts shortage and lack of new inventory. With nearly every automaker … [Read more...]
Car Sharing is Evolving: How to Manage Your Dealership’s Response
Transportation preferences are evolving, with car sharing emerging as a convenient solution for many consumers looking to commute short distances. Although shared mobility has existed for decades, newer technologies allowing easier ride-hailing, car sharing, and vehicle subscription services are … [Read more...]
Looking Ahead: The Automotive Industry Outlook for 2023
The automotive industry outlook since the start of the pandemic has faced nearly constant shortages and supply chain concerns. In 2022 automotive dealers faced additional obstacles in the form of skyrocketing gas prices and rising interest rates. Although U.S. new vehicle prices continue to set … [Read more...]
6 End-of-Year Marketing Ideas for Automotive Dealers
Marketing ideas for automotive dealerships have changed from previous years. Despite rising interest rates, U.S. new vehicle prices continue to set record highs, with average transaction prices surpassing $48,000. However, while prices are up, automotive dealers continue to face inventory shortages … [Read more...]