Guest Commentary

Guest commentary: Go back to basics — with a twist — to thrive in today's buyer's market

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July and August online polling of more than 350 dealers by eLEND Solutions found 98 percent of retailers perceive “a gap between how dealers want to sell and how buyers want to buy,” eLEND said. (GETTY)
May 09, 2024 05:05 PM

The cyclic shifts to buyer's market from seller's market in the automotive retail space are nothing new. The complex causes and timing of them may change over time, but actions dealerships take as the market begins to favor buyers often involve getting back to the basics. Yet there is something profoundly different about this current shift: The emergence of a growing raft of technology dealerships can leverage to elevate those basics to something decidedly not basic.

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