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Auction vs. Retail: Adapting to Inventory Challenges in 2021

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With increased consumer demand and consistently slim new vehicle inventories creating a challenging environment for dealerships and customers alike, making more informed inventory decisions is critical for dealer success in 2021. Taking a data-driven approach to managing their inventory enables dealers to make critical business decisions based on the unique wants and needs of their customers in real-time, resulting in a homegrown inventory and proactive sales strategy that supports sales now and in the future. MORE THAN 50% OF OEMS AND DEALERSHIPS EXPECT AN INCREASE IN NEW CAR SALES FOR PRIVATE USE. IHS Markit

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