As the automotive industry grapples with the affordability crisis, a shift in the used vehicle market is underway. Public dealership groups are now focusing on volume and profit strategies, highlighting the growing importance of pre-owned vehicles in meeting consumer demand. With many buyers struggling to afford new cars, dealerships are adapting by investing in used vehicle inventory and streamlining their sales processes to maximize profits. As a result, the used vehicle market is expected to play a crucial role in bridging the affordability gap and driving sales for these dealership groups.
The six public dealership groups focus on volume and profit strategies as used vehicles become a solution to the affordability crisis.
