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- New DealerEdge HQ — Tuesday, June 3, 2025Post
New DealerEdge HQ — Tuesday, June 3, 2025Post
Your 5-minute brief to stay ahead before the desk meeting starts.
📊 Market Pulse
May U.S. Light-Vehicle Sales: Up 3.4% YoY; SAAR at 15.6M, slightly below April's 15.7M.
Average Transaction Price: $45,462, a 1.4% increase from May 2024.
Used Car Prices: Retail prices are rising slowly; the average listing price at $25,128. businesswire.comcaredge.com
🧠 Sales Play: "One-Touch Trade Triage"
Objective: Accelerate trade-in processing and improve reconditioning turnaround.
Steps:
Assign a sales assistant to record a 60-second video walk-around for every trade-in.
Immediately send the video to the reconditioning lead.
Schedule reconditioning work based on the video assessment.
Result: Dealerships implementing this saw an 18% faster turnaround on trade-ins.news.dealershipguy.com
🛠️ Tech That Matters: Hyundai's Customer Assurance Program
Overview: Hyundai will not increase the MSRP for new vehicles on or before June 2, 2025, despite tariff pressures. hyundainews.com
Implication: This move may influence customer perceptions and competitive positioning.
📈 OEM & Policy Watch
Hyundai Price Adjustment: Considering a 1% price hike on U.S. vehicles to counter tariff impacts.
GM's Stance on Tariffs: CEO Mary Barra supports 25% auto import tariffs to level the playing field for U.S. manufacturers. reuters.comnypost.com
✅ One-Line Actions
Principal: Review floor-plan interest vs. ADM revenue.
GM: Add “conditional approval” count to weekly reports.
GSM: Train team on video trade triage process.
Sales Rep: Offer accessory bundles to travel-bound buyers.