Affordability pressure, a sharp pullback in EV demand, and new competition from disruptors like Carvana are reshaping how consumers shop for vehicles and how dealers compete for their business. Today on CBT Live, Mike Maroone, Chairman and CEO of Maroone USA, joins us from Colorado to share his read on where the market stands heading into the fall. Maroone observes that the business has rebounded after a challenging first quarter with low inventory and weak demand for new vehicles. He explained that sales of pre-owned vehicles increased through the second quarter and into July and August. However, margin pressure continues to be a persistent issue for both new and pre-owned vehicles,…
