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APRIL 11, 2024
Wyler Automotive Completes First U.S. Virtual Car Sale
The Amazon-style transaction is “groundbreaking,” says e-commerce director.
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Used Car Buyers Hold Out for Lower Interest Rates
Discounts may be needed to move the metal, reports Cox Automotive.
CDK’s New Virtual Assistant Aims Not to Goof Up
A chatbot duped into agreeing to sell a ’24 Chevy Tahoe for $1 is a cautionary tale for auto dealers. Yet many of them are interested in AI.
Navigating Downward Pressure on Vehicle Gross Profits
Increasing inventory levels, rising floor plan costs and margin compression are the latest twists in what continues to be a rapidly evolving automotive retail market.
Why Inventory Management Is Ripe for A Shakeup
It’s crucial to strike a balance between stocking sufficient inventory to meet demand and avoiding overstocking, which can lead to financial strain.
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