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Is Carvana Really Changing Automotive Retail?
Everyone is enamored by the Carvana & Vroom’s (www.carvana.com) (www.vroom.com) in the automotive space now. How are they any different? This article points out some of things they are doing: https://www.fool.com/investing/2020/06/01/how-carvana-is-disrupting-the-used-car-industry.aspx If you deal with automotive retailers daily like we do there is an inside look into the beast that is the automotive retail industry….
VROOM IPO; Perfect Timing?
It looks like VROOM will be filing for an IPO in the near future. It’s estimated they will have a valuation of $1.93 Billion while aiming to raise $300 Million in the IPO. Most automotive retailers have recently been cutting into profit margins by slashing prices to lower inventory counts. Carvana Co. [CVNA] (www.carvana.com) is…
Safely Providing Essential Services | CarData, Inc.
We understand dealerships have to go above & beyond in today’s climate to stay clean in all ways! Your customers DEMAND it! We are continuing to provide our essential lot services such as Spin360 , Photography, Videos & Window labels/Buyers Guides. We have changed HOW we do it to ensure your customers can feel safe…
How Dealerships Can Avoid Becoming the next J.C. Penney’s
April 14, 1902 was the founding date of J.C. Penney Company. In 1971 the company had revenues of $5 Billion (equivalent to $31.6 Billion in 2020) with 2,053 stores. On May 15, 2020 J.C. Penney filed for Chapter 11 bankruptcy protection and announced there would be hundreds of stores closing. Of course the coronavirus pandemic…
Spin360 is ESSENTIAL!
Dealerships are moving quickly to make online shopping friendly & engaging. The recent pandemic has uncovered holes in dealership websites. One of the biggest issues found was on the VDP’s themselves, long load times, terrible photos & nothing that intrigues the online shopper to engage with the product (Your Vehicle). Dealers found they needed to…
Why we Offer Spin 360° Video Virtual Tours
Not getting enough traffic? Customers are not coming to your showroom due to the unprecedented times we are all in. Adapt, or stay behind. Virtual showrooms are quickly becoming popular, let us help you bring your virtual showroom including all new/used inventory to your clients. Offer them the opportunity to shop for their dream car…
CarData is here to help during this COVID-19 Crisis!
Following dealership guidelines during these unprecedented times. CarData is taking all the necessary precautions to make sure that our team is equipped with the necessary personal protection. The management team has provided custom made facial masks to put the reps at ease. We are also offering a few essential services, such as steering wheel plastic…
HomeNet Digital LOT Mobile App Video Tutorial with CarData
CLICK HERE FOR FULL VIDEO TUTORIAL ON YOUTUBE Here is the full transcription of the Tutorial video: Wayne Balroop: 00:09 Hi, my name is Wayne. I’m the regional manager of South Florida for CarData. CarData is an automotive photography company, pretty much the best one that you can get out there. What I want to…
A New Partnership Between Lotpop and MAX Digital Focuses on Improving Dealer Sales
As innovators in the automotive inventory photography and merchandising industry, CarData, Inc. is always curious to find out how others are helping dealerships move more vehicles off their lots. Recently, two major names in the auto marketing space announced a partnership that should serve to shake things up at car dealerships across the country. Lotpop…
Carvana continues expansion into 4 New markets
Carvana is expanding into Hagerstown, Md., Salisbury, Md., Charlottesville, Va., and Roanoke, Va. — The unique way they merchandise inventory has paid huge rewards thus far and they are gaining online shoppers trust to do an almost fully online purchase process. ** https://www.autoremarketing.com/retail/carvana-launches-4-mid-atlantic-markets ** Carvana now offers as-soon-as-next-day vehicle delivery in 129 markets across the…