Carla Nurse, Director of Sales Development at Mastermind, shares ways dealers can prepare now for the expected surge of pre-owned vehicles hitting the marketplace.
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Service Drive Pre-Owned Acquisitions Cheat Sheet
Explore our cheat sheet to help your dealership improve its pre-owned vehicle acquisitions in the service drive. View the checklist.
3 Proactive Sales & Pre-Owned Acquisition Opportunities
Looking specifically at pre-owned, the average retail selling price of pre-owned vehicles by new car dealerships has increased by 11% compared to 2020.
Pre-Owned Acquisition Checklist for Every Dealership Department
Find checklists for each of your dealership's departments to help with your pre-owned acquisition efforts.
How to Acquire Pre-Owned Vehicles Through the Service Drive
Forecasts from IHS Markit estimate 1.3 million fewer light vehicles were produced in the first quarter of 2021 due to chip shortages and other external influences.
3 Ways for Dealers to Acquire & Maximize Their Pre-Owned Inventory
For auto dealers, the ongoing chip shortages have resulted in historically low new vehicle inventories, as well as contributed to sky-high auction prices for pre-owned models.
1:03:39Crack the Code on Pre-Owned Inventory Acquisition: Workshop Recording
Hear insights from real dealer leaders on how to acquire more pre-owned cars for your dealership. Check out our recording from the Crack The Code on Pre-Owned Inventory Acquisition virtual workshop.
53:58Crack the Code on Pre-Owned Inventory Acquisition: Dealer Panel Discussion
Hear directly from our dealer partners on how Market EyeQ enables their dealership to build, maintain and sustain a healthy pre-owned inventory.
Crack the Code on Pre-Owned Inventory Acquisition: Dealership Playbook
Discover how to monetize your customer portfolio using data driven strategies for pre-owned acquisitions and portfolio management.
4-Step Guide to Acquiring the Best Pre-Owned Inventory Amid Chip Shortages
Chip shortages are expected to impact the auto industry until at least 2022. Explore how your dealership can approach its pre-owned vehicle acquisition strategy to set your dealership up for success.
How Data Mining Tools Help Dealers Acquire Pre-Owned Inventory
According to IHS Markit, an estimated 1.3 million fewer light vehicles were produced in the first quarter of 2021 because of semiconductor shortages, historically low new vehicle inventories.
Retail vs. Wholesale: 4 Tips for Dealers to Consider When Evaluating Trade-ins
Wondering whether your dealership should recondition and retail a vehicle or take it to auction? Explore our 4 tips to help you evaluate your dealership's trade-ins to maximize your profitability.
3 Best Practices for Pre-Owned Car Dealerships
Dealers have seen their business model suddenly shift to being predominantly pre-owned, to the point where IHS Markit research found that in May 2020, there were 3 used vehicles sold for ever new one.
56:26How to Cultivate Homegrown Pre-Owned Profits
Watch this NADA fireside chat as experts from Mastermind & CARFAX discuss driving service revenue, growing acquisition opportunities & maintaining a homegrown pre-owned inventory to boost profits.
1:233 Ways to Grow Pre-Owned Profits
Dealers are selling 39% more used cars than they were 10 years ago and the average transaction price is up 21% but the profits are not keeping pace. Carla shares 3 easy ways to grow pre-owned profits.
Acquisition 101: Identify Quality Leads with Low-Touch Marketing
Explore how dealerships can proactively identify and engage high-quality prospective auto sales leads with low-touch automated dealership marketing.
56:403 Proven Ways to Boost Pre-Owned Profitability
In this National Automobile Dealers Association (NADA) hosted webinar, Mastermind Dealer Relations Managers Pete Margaros and Andrew Menditch share pre-owned inventory management tactics and more.
How to Unite Your Pre-Owned and New Car Sales Teams
How many sales teams does your dealership have? If your answer is more than one, you may be missing valuable opportunities related to uniting your used and new car sales teams.
58:42How to Drive Pre-Owned Sales Profits
Mastermind Senior Dealer Relations Manager Pete Margaros discusses how dealers can apply the best practices and tools that have revolutionized new car marketing and sales to pre-owned auto sales.
1:21Tips to Take Advantage of the Pre-Owned Surge
Carla Wade, Director of Sales Development, shares how auto dealerships can utilize predictive analytics and data-powered marketing campaigns to take advantage of the pre-owned vehicle surge.
3 Ways to Increase Your Pre-Owned Sales Profitability
Improving pre-owned car sales profitability means figuring out not only how to sell more used cars, but also how to improve your average profit on the cars you sell.