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Auto dealers innovate to manage inventory shifts and boost profits

Automotive retail groups like Rohrman Auto Group and Lithia & Driveway are developing strategies to mitigate risks associated with fluctuating vehicle inventory and automaker product shifts. Rohrman Auto Group focuses on maximizing revenue from fixed operations, such as oil changes and used car sales, to ensure profitability independent of new vehicle sales. Lithia & Driveway emphasizes controlling the customer experience and leveraging its online presence to manage inventory distribution and educate consumers on vehicle options, particularly concerning the transition to EVs. AI

RANK_REASON Article discusses business strategies for auto dealerships, not a core AI development.

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Auto dealers innovate to manage inventory shifts and boost profits

COVERAGE [1]

  1. Forbes — Innovation TIER_1 English(EN) · Ed Garsten, Senior Contributor ·

    Autos Dealers Get Creative To Avoid Inventory Vertigo

    How do car dealers manage to pull in profits while automakers pivot product mix to meet customer preferences? Execs at two large dealer groups reveal creative tactics.