Dealers and Used Vehicle Marketers Becoming Alarmed by Rising Inventories
The high number of unsold vehicles across the industry retreated slightly, but
78-day supply was the highest number for summer selling season since reached 85 days in 2009.
Half of the total unsold cars and light trucks in May were either General Motors, Ford or FCA
See, Ingest, and act on the stats and content of the Automotive News industry alert.
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Current Car Buying Process is in Peril
87% of Americans dislike something about car shopping at dealerships
61% feel they’re taken advantage of while there.
86 % of car shoppers conduct online research before visiting a dealership
Vehicle buyers are increasingly seek to accomplish entire purchase online.
Reality: Consumers have no choice but go to a Dealership.And they don’t like it.
Dealers need to do more to work with buyers who seek to buy on line
Traditional dealer business model could be in peril
See positioning & recommended action-ables from Mike Pochan, Founder of LeaseTek and respected automotive industry leader and analyst
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THE CRITICAL SITUATION:
Banks and Financial Institutions seem poised to re-create the lending Meltdown of 2008 via a renewed abuse of Asset Backed Securities (ABSs)
This Distilled Analysis by Mike Pochan, Industry Analyst & Auto Finance Entrepreneur is alarming
Mike proposes a Need for Auto Finance companies and the Industry to ACT with speed and decisiveness.
ACTION-ABLES:WHAT TO DO ABOUT IT:
Keep it simple;
Stop securitizing Sub-prime Credit.
Set aside bigger Loss Reserves.
The mathematics of the securitization process amplifies losses.
Realize that we may be too late.
Click & capture the auto funding stats and the core strategic and operational action-ables in this exclusive analysis and assessment
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Unsold Vehicles hit Ten Year high in May — Panic or Price or Prepare?
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