Automotive Dealer's Weekly Update 3/24/23

From The Automotive Advisor Team

It looks like the feds are just as confused as we are with the smallest possible rate hike of 25 basis points on Wednesday. That was a smart move on their part. The economy is still pushing forward and prices are starting to stabilize in some sectors. Unfortunately, stable retail prices are compressing margins in the automotive market. We take a look at some of the trends over the last weeks to create prescriptive guidance and dominate in your area when others may be pulling back.

Aso, take a look at the Service Outlook section for strategies on vehicle acquisition and managing gross profit that our clients are using to take market share even in an overpriced market.

As a reminder, all the insights and analyses in this report are relevant and actionable but at a macro level. We recommend using your industry partners and internal teams, along with the information from this report, to formulate your regional and rooftop strategy for success.