Where Are All The Auto Technicians?
The automotive industry in the United States is facing a significant challenge that could have far-reaching implications for both consumers and businesses. The issue at hand is a severe shortage of skilled auto technicians, a problem that has been steadily worsening over the years. What’s Going On? As of September 2023, the need for technicians […]
What is a floor plan?
A floor plan is a form of retailer financing for large ticket items displayed on showroom floors or lots, car dealerships especially. Specialty lenders, traditional banks, and finance arms of manufacturers provide short-term loans to retailers to purchase items and they are then repaid as the items are sold. Floor plan financing allows auto dealers […]
August Update: Wholesale & Retail Used Vehicle Price Trends
As summer winds down and auto dealers seek effective strategies to close the fiscal year, being updated on the status of all market sectors becomes vital. Auction Central is offering a helping hand by collecting the most recent data, using performance reports from the prior 12 months and examining price changes and volume trends to provide some extra insights for dealers.
Used Vehicle Pricing on a Rapid Decline: Q3 Planning
Dealers are finding themselves at a crossroads as the used car market undergoes a significant transformation with declining prices, inching back to normalcy. It is within this shifting landscape that dealers must navigate strategically, adapting their approaches to not only weather the storm but emerge stronger. In this article, we unpack some recent data & give some expert recommendations moving into Q3.
Auction Central: Revolutionizing the Online Auto Auction Industry
Fueled by the frustrating and uncertain wholesale buying process, Auction Central has sought to become the most transparent and buyer-friendly online auction for dealers.