On the Lot Xcode Shopper Trends & Data
Xcite Automotive recently launched a new tool for Lot Shoppers, Xcode, a text product which allows a shopper to text a unique number to receive an...
The Most Advanced Lot Service Company in the Industry. We Know Inventory Merchandising!
In the spring of 2023, Xcite Automotive surveyed dealers in regards to their vehicle wholesale efforts. 31 dealers responded to the survey. The following is a summary of key data points found in the survey:
Dealers are clearly less than enthusiastic about their vehicle wholesale process. In fact, in a recent survey of dealers by Xcite Automotive, 32% of dealers rated their current vehicle wholesale process as 3 or lower on a scale of 1-5 (5 being the highest).
In the 2023 Vehicle wholesale survey conducted by Xcite Automotive, dealers reported the following regarding their wholesale volumes:
# of vehicles wholesaled per month | % of dealers |
51-100 vehicles | 3.23% |
11-50 vehicles | 41.94% |
100+ vehicles | 6.45% |
1-10 vehicles | 48.39% |
In the 2023 Vehicle wholesale survey conducted by Xcite Automotive, 72% of dealers reported that they have a formal process in place regarding the age of their vehicles.
In the 2023 Vehicle wholesale survey conducted by Xcite Automotive, 42% of dealers reported that they start listing vehicles for wholesale at 60 days. 32% of dealers reported that they start the wholesale process at 90 days.
In the 2023 Vehicle wholesale survey conducted by Xcite Automotive, 87% of dealers reported that they are most interested in acquiring vehicles in the $18k to $40k range. Below is the specific data of all ranges surveyed:
Vehicle Price | % of dealers most interested |
$40k-$60k | 12.50% |
$25k-$40k | 37.50% |
$18k-$25k | 50.00% |
0-18k | 0 |
Xcite Automotive recently launched a new tool for Lot Shoppers, Xcode, a text product which allows a shopper to text a unique number to receive an...
Xcite Automotive Will Provide GM Dealers with On-the-Lot, Standardized Vehicle Imagery Services
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