As the global economy continues to grapple with rising inflation and stagnant wages, the used vehicle market is experiencing a surge in demand, with six major public dealership groups shifting their focus to volume and profit strategies to meet the growing need for affordable transportation options. In response to the affordability crisis, consumers are increasingly turning to used vehicles as a more affordable alternative to new cars, driving up demand for pre-owned vehicles. As a result, public dealership groups are adapting their business models to capitalize on this trend, prioritizing strategies that maximize sales volume and profit margins. With the used vehicle market expected to continue growing in the coming years, these dealership groups are well-positioned to capitalize on the trend, but the shift also raises questions about the sustainability of the industry and the potential impact on consumers. To learn more about how these public dealership groups are navigating the changing landscape of the used vehicle market, read on to discover the strategies they're using to stay ahead of the curve.
The six public dealership groups focus on volume and profit strategies as used vehicles become a solution to the affordability crisis.
