The Lot Blog
When it comes to running a used-car business, independent car dealers usually have two things in mind: 1) having sufficient capital and access to quality inventory, and 2) selling more cars to grow their business. Having a strong web presence, mobile...
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With the rise of online shopping and the influence of web and social media on the car-buying process, it’s easy to think that younger, tech-savvy generations are more inclined to shop for and even purchase their vehicles online. While that assumption isn’t...
While offering subprime auto financing may not seem necessary for your franchise car dealership, it can mean more for your car sales than you may give it credit for—pun fully intended. If your dealership currently does not offer subprime...
Between April 24 and May 1, 2019, Cars.com surveyed more than a thousand current and expecting mothers about their top needs and concerns when shopping for the
If you’re a Buy Here Pay Here car dealer, chances are you already offer your own, in-house vehicle financing to car buyers with bad credit or no credit. If this is the case, you may not see the benefit in working with subprime lenders or...
Millennials (people born from 1981-1996) are an important car-buying generation for today’s car dealers. According to an article by Max Digital, 34 percent of millennials intend to purchase a vehicle in the next 12 months, and this trend will continue as...
There is a significant number of car buyers who have difficulty getting approved for financing through traditional lenders due to having bad credit or no credit history. According to Experian’s 2019 Q2 State of the Automotive Finance...
Projections for new and used car sales in 2020 are making their way around the auto industry.
Used Car Sales
Used car sales are expected to rise through 2020, according to Edmunds.com, while used car prices are expected to...
There’s a lot that goes into managing a car dealership. As more car buyers begin their car search online, it’s important to ensure the information...
As with any other business, there are always opportunities to improve your car dealership business. As you’re mapping out your car sales strategy for 2020...
There’s an entire market of car buyers with bad credit or no credit who need credit approval and a second chance to improve their credit. The Credit Acceptance auto finance program was designed for car dealers like you to offer credit approval to every customer, regardless of his or her credit...
For many car dealers, tax season can result in a substantial increase in car sales due to eager car shoppers with a tax refund check burning a hole...
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While it’s the most wonderful time of the year for retail sellers, the holiday season can be a slow time of year for car dealers. Many consumers...
In order to sell cars, you need to have a variety of inventory on your lot. One of the main advantages of enrolling in the Credit Acceptance auto finance...
One of the keys to achieving success in the car sales business is building trust among potential car buyers. The more trust and goodwill...
Like any other business, you want to ensure you are driving leads and foot traffic to your car dealership. But with so many other dealerships out there...
As with any other business, running a dealership requires a lot of work. You need a constant flow of prospective and repeat customers to keep your business...
Two primary factors that car dealers typically consider when enrolling in the Credit Acceptance auto finance program are:...
For many car buyers with bad credit or no credit, getting approved for auto financing can be a challenge. Fortunately, there are banks, credit unions and...
One of the good things about offering subprime auto financing is that it allows dealers like you to help car buyers with bad credit or no credit...
