DealersEdge
Top three contributing factors to the rising price of vehicles
The prices on vehicles, both new and used, continue to rise. New car prices have increased by as much as 15% since the end of last year and many people are even paying over sticker price to secure their next new vehicle. Additionally, folks in the market for a used vehicle are paying up to…
Read MoreGM joins forces with its dealers to sell pre-owned vehicles; builds loyalty, part 2
In part one of our two-part post, “GM joins forces with its dealers to sell pre-owned vehicles; builds loyalty,” we discussed GM’s recently announced digital, pre owned vehicle sales platform, CarBravo. The US based automaker announced the platform earlier this year with plans to launch this spring. The goal is for GM to partner with…
Read MoreGM joins forces with its dealers to sell pre-owned vehicles; builds loyalty, part 1
The pandemic and supply chain issues. These are two of the primary reasons for the soaring prices on used vehicles. According to the U.S. Bureau of Labor Statistics, the consumer price index for used cars and trucks jumped by 40.5% from January 2021 to January 2022. That means the average consumer is paying up to ten-thousand dollars more for…
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