There’s a paradigm shift coming to the automotive industry and it’s not just a sea change from internal combustion engines to electric vehicles. If Ford CEO Jim Farley realizes his vision, new car dealerships as we know them will transform as well.
There are good indications that the days of haggling for the best price of a new vehicle or buying at the end of the month to take advantage of manufacturer-to-dealer incentives are going away. In the place of vast lots of inventory and huge dealer floor plan financing will be online shopping.
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