This Is Going to Destroy Car Dealerships (Video)
In this 20 November 2024 video, host Brandon, a used car dealer shares the ins and outs of the used car market from his perspective. He shares updates on car prices, what’s happening at the dealer auctions and what it’s like being a dealer. His goal is to share information to help customers make the best decisions while buying a car to save money. He does not want car dealers taking advantage of their customers.
Car dealerships are currently facing several significant challenges that are impacting their profitability: Supply Chain Disruptions: A parts shortage has cut vehicle production. This has led to fewer cars for sale. Rising Costs: Inflation and high energy prices have raised dealership expenses, squeezing profits.
US new vehicle sales fall in Q3 on fewer selling days, inflationary headwinds. Oct 1 (Reuters) – Top U.S. automakers reported a fall in their third-quarter sales, hurt by fewer selling days and weaker consumer spending amid inflationary challenges and higher interest rates.
While inflation and interest rates are backing away from recent highs, insurance premiums have soared by double digits in the past year. Many buyers are now surfing on waves of vehicle depreciation, picking up used and off-lease cars and trucks still under warranty for thousands less than new. That’s smart.
https://youtu.be/3nHSsp6yaMU
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