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Originally scheduled to take place in New Orleans in January the ongoing COVID-19 pandemic has forced the annual NADA Convention to go virtual this year. The all-virtual experience will now take place Tuesday, February 9th through Thursday, February 11th. Dealerslink...
December has arrived, and just like that, 2021 is just over the horizon. 2020 has been a rollercoaster but over the past year, the overall automotive industry has been fortunate to be on the winning side of the impacts of the pandemic. Hard hit by the COVID-19...
In an industry-first, Dealerslink has just released its nationwide retail pricing heat map. A heat map is a graphical representation of data where values are depicted by color. Heat maps make it easy to visualize complex data and understand it at a glance. The...
We hear this a lot from dealers we talk to, "I can't make money wholesaling units." Wholesaling has often been a necessary evil for retail dealers managing inventory. Liquidating trade-ins or aged units, so they aren’t tying up funds or lot space. With the goal of...
This year has been like no other. Despite a global pandemic, dealerships sold millions of used vehicles this summer, posting four straight months of year-over-year sales gains. Now a recent softening in retail demand is causing dealers to be selective with their...
NADA delivered a quick change to September NADA book values due to Hurricane Laura. Dealerslink is using the most current NADA book values updated on August 28th for September 2020 monthly values. Dealerslink was nimble enough to incorporate these updates immediately....
For the first time in a long time, there's some positive news out there: In late August the majority of our dealers are reporting their sales and service levels to be the same or higher as this time last year. While many are seeing their businesses bounce back,...
Hard hit by the COVID-19 pandemic in early March, used car sales started to rebound in May and have been seeing continuous improvement since. While sales will probably not return to normal anytime quickly, many dealers we have spoken with have found ways to shift...
With the current uncertainty and a lot of craziness in today's markets, we are excited to see that so many of our dealer members are doing well. Top dealer groups are putting a greater emphasis on perfecting their appraisal process to capture more trade-ins and...
Covid19 forced closures at auto auctions across the United States. This brought many dealers to dip their toes into online dealer marketplaces for the very first time. Through it all, dealers' wholesale demand and auto auction pricing held strong....