Transparent insights into the car market. Featured in Apple News and NY Post. Host @CDG_Podcast | Industry Jobs https://t.co/TvUrG7DI0Z | DM tips and submissions.dealershipguy.com Free car market insights ➔Joined December 2021
Automakers are playing a risky game.
New car inventories hit a peak this January — the highest level since June 2020.
February started with an 80-day supply of new vehicles, matching January but up 40% from the same time last year.
This is good news for consumers:
The average…
Forget all the bells and whistles — the secret to growing sales? Just answer the phone (or email ... or text):
54% of customers report buying from the *first* business that responds.
As an old mentor used to say, “When that phone rings, it’s money calling.”
And it’s hard not…
To put BYD’s astonishing growth in perspective:
BYD sales have grown by about *1 million* cars annually in the last two years.
The last automaker to do that in one year in America?
General Motors… in 1946. After it suspended passenger car sales during World War II.
I'm…
Ford dealers are about to get very busy.
Over the past 24 hours, Ford has recalled over *499,000* compact SUVs and pickup trucks.
Let's break this down:
First, Ford issued a recall for over 46,000 Escape and Bronco Sport models.
The issue involves a potential for the fuel…
Last year, Asbury Automotive Group acquired Jim Koons Auto for $1.2 billion.
This week, I asked David Hult (CEO of Asbury) what he looks for before writing a $1B+ check.
David did not disappoint:
Can Dealers Make More Money... Without Consumers Paying For It?
• The best service center in America
• Profit pendulum swings again
• How to build a "category creator" and much more!
My conversation with Jim Roche, CEO of WarrCloud:
The top 5 most in-demand cars of 2024
Highest ratio of leads-to-available listings right now:
1. 2023 Hyundai Santa Fe
2. 2023 Chevrolet Silverado 1500
3. 2024 Toyota Prius
4. 2024 Kia Carnival
5. 2024 Toyota Highlander Hybrid
The data was collected from 700+ dealerships…
Average new and used car loan rates tick up in March 📈
New data from Edmunds shows car loan rates are steadily on the rise so far in 2024, potentially putting a damper on car buyer purchasing power.
Zooming out:
Inflation pressures are pushing lenders to protect their…
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