FROM AUTOMOTIVE NEWS: Inventories at Lowest Point Since October ’09
The latest update on inventory levels has dealer lots sitting 43% leaner than this time last year, with an average 35-day supply. Pickup, SUV, and crossover segments continue to take the largest stocking hits.
FROM AUTO REMARKETING: Consumers Hit the Road to Find New & Used Cars
Over half of current consumers are willing to travel across states to purchase a new vehicle, reiterating the idea that there is an active consumer for every vehicle in a dealer’s inventory.
FROM WARDSAUTO: Fewer Summer Incentives Challenge Auto Retailers, OEMs
Incentive spending is down around 20%, meaning dealers need to be hyper focused on finding the proper consumers for their inventory and holding the highest margins possible on every unit.
FROMÂ REUTERS: Americans Are Curious About Electric Trucks, but Low Cost, Durability Come First
As manufacturers begin to tease EV pickups, consumers are most concerned with efficiency, durability, and the long term costs associated with the newer models. These opinions will impact how successfully the trucks sell once they roll out.