A Call for Caution Amid the Used Vehicle Market’s “Goldilocks Moment”
Economists sometimes use the term “Goldilocks moment” to describe an economy where everything’s just right—like the moment in the fairy tale when Goldilocks finds the
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In my day as a dealer, we didn’t have customers calling or e-mailing the dealership to ask for a value on their vehicle to sell
It’s no secret that many dealers have been working hard to diversify how they source used vehicle inventory, relying less on trade-ins and auction purchases
About two months ago, I wrote about general sales manager James Skop’s experience half-way through an operational challenge he accepted: To align his used vehicle
There are two troubling trends underway in used vehicle departments across the country that deserve dealers’ attention right now. From here, it seems as if
My recent post about dealer groups opting to go for used vehicle gross profit over volume prompted a question from several dealers—what if we do
There’s an interesting shift in my recent conversations with dealers about their used vehicle inventories that seems relevant to share here. While many of my
An Automotive News story this past weekend gave me pause. The piece highlighted an apparent strategic decision by public dealer groups and large used vehicle-only retailers
I’ve been hearing a similar concern from ProfitTime GPS dealers in recent conversations: “I need more Platinum and Gold vehicles to get my average front-end
In late February, sales manager James Skop of Fletch’s Buick GMC Audi in Petoskey, MI, made a bold decision. The decision followed a conversation with
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