It’s been a big year in the used car side of the business with prices changing direction, franchised dealers starting up their own used/pre-owned vehicle brands, CPO sales increasing even more, and mobile app offerings increasing on the wholesale and retail side. Used vehicle sale price transactions are coming down, but a lot of dealers are still able to make those sales quite profitable.
Used Car Market Reports is read primarily by dealers – split about 50/50 between franchised and independent. We’d appreciate getting your feedback on the leading remarketing issues you’re facing this year and next.
On Wednesday, Nov. 5, we’ll be emailing readers a survey. Your perspectives on topics of high importance to you, and what you want to gain from reading e-newsletters including Used Car Market Reports are of critical importance to the Automotive Information Network team. It’s critical to stay current on the market trends and technologies available to remarketing teams.
Here’s the first question in the brief survey……..
For your 2015 strategic planning, what are the most important remarketing issues you’d like to stay current on?
• Certified pre-owned vehicles
• Used vehicle value trends
• Supply volumes from off-lease, off-rental, and other sources
• Mobile device applications for wholesale and retail sales
• Used inventory management resources
• Vehicle condition reports
• Vehicle financing
The next questions break out the wholesale supply dealers are accessing to build and their inventory; and the retail used vehicle side, which continues to change for franchised and independent dealers.
Another issue addressed in the questions is used car listing sources. Dealers have been looking for more resources to sell their inventory at the best price, and there are more options to choose from now in the marketplace.