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Are used car sales REALLY getting harder

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How does your store prep for tougher used car sales

  • Nothing - we're fine

    Votes: 2 66.7%

  • Focus on inventory efficiency

    Votes: 1 33.3%

  • Enhance online advertising (SEM / SEO / Social media)

    Votes: 0 0.0%

  • Boost 3rd party participation (autotrader, autobytel, etc)

    Votes: 0 0.0%
  • Total voters
    3
TomLaPointe

TomLaPointe

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Sep 19, 2012
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Industry experts are continuing to push out data that point to a sales slowdown and much bigger challenges selling used cars. This Automotive News article talking about record numbers of car buyers are 'upside down' in their cars because of higher transaction prices, longer loan terms and dropping used car values combine to cause the situation.
What is your store doing to keep on track?
 

✨ AI Highlights

The thread discusses an Automotive News report highlighting a sales slowdown in the used car market, driven by record numbers of underwater vehicle owners caused by higher transaction prices, extended loan terms, and declining used car values. The original poster asks dealers to share what strategies their stores are implementing to navigate these challenging market conditions. The thread appears to focus on whether industry data about declining used car sales reflects reality on dealer lots and what operational adjustments dealerships are making in response.

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