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Auto Finance News reports new vehicle inventory at a 2 year high!
“The U.S. supply of unsold new vehicles came in at 1.96 million units at the end of May, up 3.2% month over month and 73% YoY, according to Cox Automotive’s analysis.”
Click here to read the article.
TikTok released several updates that are prime for automotive advertising. Watch the video starting at 01:17 to hear what they deployed, and evaluate if TikTok could be right for your dealership.
Click here to read more.
Dealer Partner Shoutouts
Last quarter, Gillman Chevrolet in Harlingen, TX had close to 50 Silverados on the lot (almost 75% of their inventory). With our campaigns, they sold all but 7 and finished with a record month.
Last month, Classic of Texoma in Denison, TX needed to source and sell more vehicles. We added a new campaign objective to a Buyback campaign, and matched 10 sales in 30 days. Their overall sales increased 46% MoM with the changes to their set up.