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Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
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AE Magazine
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SEARCHMENUSEARCHMany consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
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During this quarter, retail sales recovered much more quickly than fleet sales from the effects of the COVID-19 pandemic.
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With ongoing interest by dealers to bid in-lane at Manheim locations, the company now offers in-lane bidding at 30 pilot sites, with 13 of those locations added this week.
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June saw the Index return to pre-COVID levels.
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Total U.S. automotive aftermarket sales are forecast to decrease 8.8% in 2020 as a result of the impact of the COVID-19 pandemic and related factors.
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To help car buyers find the best, highly-rated, value-oriented and well-equipped vehicles, the experts at Autotrader recently named the 10 Best Used Cars of 2020 that are great alternatives to a new car.
Read More →Moving to an all-digital format has not slowed dealers’ ability to secure the vehicles they need to grow their businesses.
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The latest measure shows values have never been higher, an indication there is rapidly growing demand for used-vehicle inventory.
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New car buyers still walk into a dealership to purchase the actual vehicle, but most would prefer to spend less time on-site, giving the dealer and sales team less time to build a trusted relationship with customers.
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According to Edmunds, car shoppers got to take advantage of generous incentives offered by automakers, but analysts caution that these deals will dry up during the summer.
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According to a forecast released by Cox Automotive, new light-vehicle sales volume in May is expected to finish near 1,050,000 units, down 33% compared to last May but up 49% from last month.
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