auto

As Millenials and Gen Z become the newest, largest consumer group, dealerships are beginning to rethink the way they do sales. These younger generations aren’t loyal to brands. They choose cars based on quality, reviews, technology and customer service. Because they do their research, it’s important to put your best price out there. Be transparent about the price and the vehicle to build trust.

Some car dealers are running scared because of “disrupters” in the industry. Carvana, Uber, and new technology like autonomous cars are making some owners feel like it’s time to cash in. But is there a reason to be worried?

As the auto industry comes down off if its sales high, the first quarter is looking like it will continue on the declining trend. Everyone is feeling the effects, but one brand might be impacted more than others: Tesla. Founded in 2003, the young automaker is facing lots of problems, and some believe it may lead to the brand’s demise. While the numbers speak for themselves, the premature release of the new Model 3 is a further sign of a company in trouble. In fact, it has been released months ahead of schedule.

As the push for electric and autonomous cars becomes very real, Ford and Volkswagen are joining forces in this new frontier.