New Vehicle
The general sentiment in regards to new vehicle volume.
Volume has leveled out and will remain the same for awhile.
The average loan length right now is.
6 years.
Since 2020, Fixed Ops Sales have done what?
Soared and remain high.
The biggest threat to new vehicle sales is currently.
Tariffs.
The average new-vehicle interest rate is.
7.1%
Over the last decade, technician productivity has done what?
Decreased.
Gross profit on new vehicle sales continues to do what?
Decrease, even below pre-COVID levels.
Used vehicles sales accounted for what percent of total dealership sales dollars in 2024.
32%
Fixed ops sales accounted for what percentage of total dealership sales dollars in 2024.
13.2%
The number of vehicles sold per new car sales person per month for the last decade or so.
9
The used vehicle outlook for the next 12 months is.
Volatile.
The cost of routine service visits has increased this much since 2021.
45%
New vehicle sales accounted for what percentage of total dealership sales dollars in 2024.
54.7%
AutoVision can help dealers in a volatile market in what way?
Ability to re-price daily.
Real-time market fluctuation.
Real-time market analysis and recommendations.
Three concerns that some speculate could impact Fixed Ops negatively in the coming months/years.
Longer service intervals.
Connected Vehicle updates.
EV Maintenance.