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Advance Auto Parts Inc
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2021 AutoTeam America BUY/SELL SUMMIT & FORUM
The AutoTeam America Buy/Sell Summit & Forum is usually held
in conjunction with the annual NADA Convention, this year it was
held virtually over four weeks. The topics each week were:
Buy/Sell Update and Industry Trends
Economic Outlook for the Automotive Retail Industry
Dealership Merger & Acquisition and SPACs
New Strategies in Automotive Retailing
One of the discussions that caught my attention was the impact
of developing trends on the dealership building of the future. Some
of points discussed included:
The Amazon impact, buying from home at any time of day or
night
The business models of Tesla and Carvanna, bringing the product
26-04-2021 20:14 - KAP: DGHOL DOGUS HOLDING A S SIRKET GENEL BILGI FORMU
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Will Digital Auto Retailing’s Current Popularity Wane? “Each customer is unique, and chooses their own path to buy a car,” says Steve Wittman of car dealership chain Sonic Automotive.
TrueCar.com CEO Michael Darrow hopes auto retailing “doesn’t fall back on the adage that cars are too complicated to sell online.”
That was a common claim when the Internet was picking up steam in the retail space.
However, Darrow
(pictured below, left) and others in the car business are pretty sure digital auto retailing is here to stay and won’t fade in consumer popularity.
It particularly gained traction last year during the COVID-19 pandemic when many virus-conscious consumers opted to car shop online at home, rather than in person at a dealership.