The study reveals dealership market is share up to 34% with another 66% of the service department market still up for grabs.
This new digital platform enables consumers to transact 100% online
According to the Cox Automotive 2021 Dealership Staffing Study, 72% of franchised dealers surveyed say finding and hiring the right employees is currently a challenge.
Cox Automotive's survey of more than 450 franchise dealerships found those embracing new business solutions and digital capabilities became more efficient and profitable, while seeing consumer satisfaction scores soar to record highs.
More than 60% of consumers are not planning on delaying their vehicle purchase.
Sales volume is expected to finish near 1.36 million, up nearly 640,000 units, a near 90% increase from last April's historic low result.
“Manheim is tapping the broad knowledge and experience of this talented team of leaders to help position our company for future success,” said Patrick Brennan, senior vice president, Marketplace.
New capabilities support a paperless workflow to help speed up funding and improve cash flow.
The program connects advanced merchandising functionality with inventory intelligence to help increase the likelihood to sell new and used vehicles.