Velocity began working with this dealer in April 2020. By the end of the year, the company’s revenue had increased to approximately $97 million, a growth of nearly 19%. The average sale price per vehicle rose to $31,634.10, and the total number of cars sold increased to 3,058, including 242 company-owned vehicles. The implementation of Velocity’s CRM across all showrooms and the company’s first SMS blast contributed to 159 consignments, generating an estimated $840,000 in profit. The YouTube subscriber count also increased to 53,704 by the start of 2021.
In 2021, the dealership’s revenue saw a significant jump to approximately $133 million, a growth of about 38% from the previous year. The average sale price per vehicle increased to $35,395.70, and the total number of cars sold rose to 3,765. The company also generated a total of 50,096 leads. The YouTube subscriber count continued to grow, reaching 58,954 by June.
In 2022, despite a slight decrease in revenue to approximately $120 million, the average sale price per vehicle increased to $37,487.50, and the total number of cars sold was 3,203. The total number of leads saw a significant increase to 75,742. The YouTube subscriber count also increased, reaching 67,823 by June.
As of June 2023, their YouTube subscriber count stands at 76,800, reflecting a steady growth in their online presence.