qr-play-store play store

Car Dealerships Facing a Dilemma: Get Big or Get Out

23 Apr 2018
166 comments
2495 views
Car Dealerships Facing a Dilemma: Get Big or Get Out

Car buyers who have been purchasing their cars from the same dealership for generations could see a different kind of for-sale sign the next time they visit. Small to mid-size dealer groups are selling their businesses to car-retail giants or investment firms.

 

 

Dealers say that they need to get triple revenue in the next 5 years to offset shrinking margins and increasing competition from companies that did not exist a decade ago. The internet has made the field very tough, by making car prices more transparent for customers and giving them the opportunity to shop around. It has also enabled the online shopping for used cars. Tesla is using online ordering to overcome dealerships entirely. And Uber imagines a world where more people will use ride-haling apps instead of owning a car.

 

 

These developments have helped fuel consolidation of the 16.800 U.S. dealerships into the hands of fewer owners. The top 50 dealers are set to gain more than $175 billion in revenue this year if to compare to $144 billion four years ago.

0 0
Comments:
2020-12-02 00:56:43
extended essay music essay writing help research paper criminal law dissertation
2020-12-01 17:36:46
school assignments scholarship essays for college students perfect essay writing
2020-12-01 09:23:39
viagra hong kong viagra dosages viagra store in china
2020-12-01 07:24:22
health dissertation college essay practice writing an interview essay
2020-12-01 06:21:13
essay writing 7th grade biomes essay for me essay writing services
  • Jaw-dropping deals this Spring at RepoKar
    27 Feb 2017

    Spring is right around the corner! With melting snow comes rising car sales. Longer days and brighter sunlight mean it’s the season to think about the best used cars for spring; vehicles that allow you to appreciate blue skies, while getting a head start to summer. The sooner you decide on your dream car, the greater the possibility of finding the best deals.  At RepoKar, we want to be sure that you've got everything you need to start the season fresh with a smile on your face. That’s why we’ve prepared amazing, hassle free used cars, trucks, and SUVs for our fr...

    4 5
    1712
    1608601 views
  • Buy a car at RepoKar this Winter
    25 Nov 2017

    With winter on its way, the roads can be dangerous because it dries slower and road visibility as well as battery failure can also be hazardous. It’s time to start thinking about how you can make your daily drive safer and stress-free. That doesn’t necessarily mean you should buy an SUV or crossover to survive the season. Plenty of sedans and wagons provide qualities that can keep you safe in sleet and snow. These medium-sized vehicles also help you save at the pump! But what actually matters here is choosing the right place to buy a car from. There are several options on the marke...

    0 3
    2447
    441547 views
  • Diesel Cars VS Electric Cars
    17 May 2019

    Between loyal customers and car dealers lie an important dilemma that begs for an answer - What is the future of diesel cars and electric vehicles? Today at RepoKar, we are ready to tackle this predicament.Auto manufacturers and the combustible industries have often mentioned the idea that electric cars are worse for the environment than diesel and gasoline-powered vehicles because they are powered by dirty electricity.If we want to talk about fuel efficiency, noise pollution, and air quality, then EVs are clearly the outright winner. But if we're talking about torque or initial price, the...

    0 1
    9176
    398076 views
  • Fire Risk: BMW Recalls 185,000 Cars TODAY
    19 Apr 2019

    The recall expansion covers 3 Series, 5 Series and Z4 models from the 2006 model year. The problem has been traced to irregularities in the manufacturing process that could allow moisture to occur near the PCV valve heater and lead to a short circuit. The PCV valve is an emissions device that keeps pollutants created by an engine from being released into the atmosphere. It also helps keep the engine oil clean and prevents crankcase pressure from building up. BMW warns its customers to stop driving the vehicle if there is smoke coming from the engine, or if the driver smells smoke or plast...

    2 3
    553
    22654 views
Search on the blog
Find us on

Last added auctions

2012 Ford ESCAPE
24034 views
19 photos
3,400.00
No bids
2012 Nissan MURANO
24248 views
13 photos
3,500.00
No bids
2000 Honda CR-V
23827 views
12 photos
1,200.00
No bids
2012 Mazda MAZDA3
20537 views
16 photos
2,500.00
No bids