It’s crucial to strike a balance between stocking sufficient inventory to meet demand and avoiding overstocking, which can lead to financial strain.

As EV technology evolves, manufacturers may discover issues that warrant safety recalls, placing the onus on dealerships to address these issues promptly with the end consumer.

“Industrywide performance improved substantially,” Pied Piper’s Fran O’Hagan says of responsiveness to customers' online inquiries.

Speakers at NADA’s Auto Forum tackle high inventories, low gross profit concerns.

By leveraging smart contracts and digitized technology, stakeholders can automate the creation, execution and enforcement of contracts. This not only reduces the time required for deal execution but also minimizes the potential for errors and...