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An Earlier End to Our Unusual Spring Sales Bounce?

March 27, 2023

If there’s one thing that might define of how this year’s spring compares to prior years, it might be that everything’s arriving sooner than exp…

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A Closer Look at an Uncertain, Unpredictable Used Vehicle Market

March 17, 2023

My phone’s been buzzing off the hook in the past week as dealers are almost single-mindedly asking the same question: Where’s the used vehicle mar…

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ProfitTime GPS in Practice: A Longtime Appraisal Problem That’s More Problematic

March 10, 2023

Every dealer would agree that you make your money when you buy a used vehicle. That’s why appraisals are so critically important. The appraisal…

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ProfitTime GPS in Practice: How and Why “Cost” Doesn’t Drive Pricing Recommendations

March 3, 2023

I’ve had a version of the following conversation with dealers in recent weeks. The conversation typically arrives after I’ve shared why dealers sh…

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A Head-Scratcher Market and an Imminent Moment of Truth

February 27, 2023

I’ve been in multiple conversations with economists and data scientists at Cox Automotive, as well as members of the Chicago Federal Reserve Bank, t…

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A Strategy-Based Approach to Tame Appraisal Variability

February 17, 2023

As I’ve been helping dealers reckon with the vehicles they purchased at the top of the market and failed to retail in recent weeks, I’ve been remi…

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ProfitTime GPS in Practice: Who’s Your Used Car Captain?

February 8, 2023

It’s fair to say that there’s often a gap between the way a used vehicle manager manages a used vehicle department and the way a dealer believes t…

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A Universal Used Vehicle Problem—Inverted, Irrational Pricing

February 3, 2023

Heading into NADA, I wondered how dealers would respond when they saw their used vehicle pricing presented to them through the investment-based lens t…

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NADA Day 3: Factory Moves, A Stocking Problem and a Fond Farewell

January 31, 2023

Several themes emerged in conversations with dealers at NADA that suggest future strain on their factory partner relationships. Beyond the OEM effo…

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NADA Day 2: EVs, F&I Pressure, Stability and an Opportunity

January 30, 2023

Not so long ago, some observers questioned whether dealers would want to sell and support the rise of electric vehicles (EVs) given their long-standin…

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