Between ongoing market changes and soaring customer demands, it’s now more important than ever dealers proactively plan ahead to overcome 2022 inventory challenges.
While there may not be a true end in sight for the ongoing vehicle delays caused by chip deficiencies, there are still plenty of opportunities available for dealers.
Toyota has been No.1 in U.S. retail volume each of the past 10 years, but it surpassed General Motors in overall sales in 2021 because COVID-19 and the computer chip shortage curtailed GM fleet sales.
“We don’t want to look at AI in the Hollywood way, but rather as to how it can (non-theatrically) help dealers become more productive,” says CDK market researcher Peter Kahn.
Among findings in the 2022 Global Automotive Consumer Study, U.S. consumers expect fully charged EVs to travel upwards of 500 miles, while a range of about 250 miles is acceptable to those in China, Japan and India.
Today, two out of three car shoppers want to complete more of the process online compared to their last purchase. Digital retailing platforms like Accelerate My Deal empower you to offer personalized paths to purchase that earn you more profit.
Some 35% of new cars on the road today are white, followed by black and gray with 19% each, according to paint supplier Axalta’s 69th annual Global Automotive Color Popularity Report.
