used-car inventory Archives

Used Car Dealer Podcast Episode 48: Interview with Dale Pollak, vAuto Founder and EVP at Cox Automotive 03/13/2023 In this Used Car Dealer Podcast episode, Zach Klempf interviews Dale Pollak, Founder, vAuto and EVP, Cox Automotive. Dale discusses trends in the used vehicle market, as well as why now is the time for dealers to move from Velocity to Variable Management. He also touches on how vAuto’s ProfitTime GPS helps dealers implement a variable inventory management strategy. Watch the Episode. Read Article

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Used Car Dealer Podcast Episode 37: Interview with Randy Kobat, Vice President of Inventory Management Solutions at Cox Automotive 04/19/2022 In this Used Car Dealer Podcast episode, Zach Klempf interviews Randy Kobat, vice president of Inventory Management Solutions at Cox Automotive. Randy discusses the latest developments from NADA, how Upside and Kelley Blue Book Instant Cash Offer help used car dealers, as well as general discussion around inventory management. He also touches on the Cox Automotive Ten Predictions for 2022. Watch this Episode. Listen to the… Read Article

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Commentary: Independent Dealers are Poised to Thrive as Driving Force in Recovery 05/21/2021 The used-vehicle market reaches 40 million units sold in a good year, dwarfing the new-vehicle business. While roughly 45% of used vehicle sales are private party—neighbor to neighbor deals—the growing majority are retail sales closed at dealerships. Independent dealers, often overlooked by industry observers and media alike, are a driving force in this corner of the business: More than half of retail used-vehicle sales and nearly… Read Article

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Used-Vehicle Prices Open May at All-Time High 05/20/2021 Used-vehicle prices hit an all-time high at the opening of May, and supply stabilized though remained well below 2020 and 2019 levels, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.23M Total Unsold Used Vehiclesend of April 35 Days' Supply $22,568 Average Listing Price 68,063 Average Mileage The average listing price surpassed the $22,000 mark for the first time ever in April, closing… Read Article

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