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Bolstered inventories, OEM incentives spark May vehicle sales jump admidst consumer interest rate and negative equity challenges
Despite the persistent challenges of high interest rates and negative equity, the automotive industry has demonstrated its resilience. In May, vehicle sales reached their highest seasonally adjusted rate in nearly a year at 16.08 million, a testament to the industry's ability to adapt and overcome. This was largely due to the significant improvements in inventory levels and the introduction of consumer incentives. -
The Decline of Vroom: An Online Used Vehicle Cautionary Tale
When online used vehicle retailer Vroom announced in late January it was ceasing online sales and liquidating inventory, the company became the latest “disruptor” to acknowledge that the car business is more complicated than previously thought. -
Don't Miss the 2024 Cincinnati Auto Expo: Join the Excitement March 14-17!
The Greater Cincinnati Automobile Dealers Association has presented the Cincinnati Auto Expo for the last 36 years. This year, our showcase for the most remarkable vehicles around will run from March 14-17 at the beautiful Duke Energy Convention Center in downtown Queen City, Cincinnati. -
Tales From the Road – October 2023
So, we’re looking through our numbers here, pouring through them like Scrooge McDuck counting his gold pieces… and we find that our paper floor mat sales have spiked. We mean, SPIKED! What? Those heavy commoditized items that, by the way, you gotta have. New or used car dealer, nobody is going to buy a car with dirty carpeting, are they? Nope. And if you’re... -
Preferred and Partnered in a Year
Autostoresupply.com has just had its one-year anniversary. Wow, have we learned a lot in a year about setting up shop! It’s not just about the operational logistics, order to cash, product selection… you know the nuts and bolts of distribution. Today it’s about sessions, conversion rates, abandoned carts, and a thousand other tech terms that we won’t bore you with. -
Tales From the Road: Shuck and Duck
Just last week one of your Autostoresupply.com crew was sitting in the service waiting area at one of our customer dealerships as his vehicle was having an oil change.