All Blog Posts (12,630)

Guide to negotiating with car dealerships

After buying a house and choosing the right college, purchasing a vehicle is one of the most important decisions you are going to make throughout your life. While the process can prove to be nerve-racking, keep in mind that maintaining a semblance of composure and giving the impression that you know exactly how to act in every moment will help you walk from the dealership with a sense of accomplishment. Your personal and financial achievement will have two main reasons: first, you chose the…

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Added by Cynthia Madison on December 20, 2017 at 8:59am — No Comments

LEASE CREDIT APPROVAL RATES CONTINUE TO RISE AS YEAR END COMES TO A CLOSE

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.5% approval rate for November. The lease credit approval rate improved over last month’s rate of…
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Added by John Sternal on December 20, 2017 at 8:58am — No Comments

How To Buy a Used Audi A4

The new generation Audi A4 has an exemplary balance and style. It can be handled to perfection by seasoned auto drivers as its inherent ‘Audi Modular Longitudinal Platform' strengthens the classic coupe build appreciably. However, buying a used car is not always easy. The best way to go about it would be to visit the one of the best…

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Added by Angelina Paul on December 20, 2017 at 5:22am — No Comments

Consistency in The Service Drive (video)

Joe: Sally Whitesell has spent over two decades providing service advisor training in service departments across the country. Her professional training products have been utilized at dealerships by individuals, service teams, managers and at the corporate level.  She is the founder and…

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Added by Sally Whitesell on December 19, 2017 at 3:43pm — No Comments

Success in Sales Podcast- Episode 7!

This week, Jeff covers the first 2 steps on how to exchange your worry for success! Tune in for tips, techniques, and advice on how to be a professional and successful salesperson. Stay tuned every Tuesday for a new episode! Subscribe on iTunes, GooglePlay, Stitcher, and watch through Youtube. 

Click here to watch!…

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Added by Jeff Cowan on December 19, 2017 at 12:41pm — No Comments

What is an Add-On Repair?

I was in an audit where the main chargeback was add-on repairs. In the recap meeting, the service manager and dealer were looking at each other dumbfounded because they have been so strict on “no added repairs without them looking at the issue and signing off”. The warranty admin knew that she inspected…

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Added by AWN INC on December 19, 2017 at 11:22am — No Comments

3 Questions You Need to Ask Your Car Accident Lawyer

When you have your day interrupted by an unpleasant car accident, you must be prepared. Because we don’t usually expect to be involved in such events, many may lack the response capabilities at the moment and lose control of the entire situation. However, if you collaborate with a specialised lawyer, you should prepare yourself by asking some questions. Knowing the answer to those will allow you to remain calm and take the right steps in such situations. Below is a list of three…

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Added by Cynthia Madison on December 19, 2017 at 10:07am — No Comments

The Allure of Cross-Monetization & Evolving Loyalty Rewards

Today, consumers have grown used to loyalty programs and they have become the norm. So, to keep their customers’ interest, businesses have been forced to become more innovative and…

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Added by Mike Gorun on December 19, 2017 at 9:35am — No Comments

Auto Subscription – The Dealers’ New Frontier

There is currently much talk in the industry regarding automotive subscriptions…

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Added by Scot Eisenfelder on December 15, 2017 at 8:54am — No Comments

Why dealerships must use texting in 2018

Customer satisfaction is one of the most important ingredients for your dealership success. It is plain simple: if you are doing it right, your CSI scores will go up. And if you are not, you should be thinking how to increase it in the future.

Wanting to research the quality of automotive service in the US, in March 2017. J.D.…

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Added by Thomas F. Jung on December 15, 2017 at 6:58am — No Comments

2017 Automotive in Review Data

According to Black Book, during the three-month period between July-September, 2009, when roughly…

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Added by Black Book on December 14, 2017 at 3:33pm — No Comments

10 Mistakes You Might Be Making on a Sales Call

Phone Strategy Series Part 2

Talking to customers on the phone is a valuable tool to have in your arsenal.  This type of contact is also called prospecting calls.

Talking to a potential customer on the phone even just for five minutes can give you more information than multiple emails if you know how to handle those calls properly. Part 2 of our Phone Strategy Series covers the mistakes that can be made when calling customers. 

Oftentimes…

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Added by Derek White on December 14, 2017 at 3:30pm — No Comments

Write Service and Write Your Own Paycheck Podcast- Episode 7!

In no more than 15 minutes of your time, you can learn tips, techniques, and how to write service the right way! Anyone who will ever set foot on a service drive will benefit from this engaging, informative, and proven information. Each week will cover a new subject or topic, directly from Jeff's newly released book: Write Service and Write Your Own Paycheck!

This week, Jeff covers how to use word tracks to never stop selling who and what you…

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Added by Jeff Cowan on December 14, 2017 at 12:00pm — No Comments

Are Your Vendors Using Multi-Touch Attribution? Probably Not!

Ultimately, with every marketing solution across the board, the client wants to know whether their investment is paying off and providing a good return. 

  

If you’re a dealer, you are used to vendors providing reports measuring their performance. These reports each present their own challenges because…

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Added by Ben Hadley on December 14, 2017 at 9:51am — No Comments

FIGURES LIE WHEN LIARS FIGURE

FIGURES LIE WHEN LIARS FIGURE ...

THE BOGUS APPLICATION OF ATTRIBUTION AND INFLUENCE 



I probably speak to more than 100 Car People every week on the phone AND dozens more on the keyboard.

What is So Amusing is when Dealer principals and General Managers ask me my opinion of…

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Added by James A. Ziegler on December 14, 2017 at 9:30am — 2 Comments

This Is What Makes a Vehicle Unstoppable Off-Road

So that you've got a massive truck with large tires and truck nuts hanging' off the hitch. You figure it have to be the bee's knees with regards to off-roading. That tiny Suzuki Samurai's were given not anything for your Goliath, proper? Not so fast. Let’s break down what without a doubt makes a vehicle successful whilst the going gets tough.

Automakers love…

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Added by Terrel Watkins on December 14, 2017 at 3:46am — 1 Comment

The Myth Behind 'Multiple of Earnings'

Published on November 27, 2017

Automotive News: Myth of 'Multiple of Earnings'



The net profit does not impact the goodwill value as much as you were led to believe.

What is your dealership worth? How do you know? Gut feeling? Accountant’s opinion? Articles in the Automotive News? Published articles from 'experts'? Most…

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Added by Moshe Stopnitzky on December 13, 2017 at 12:15pm — No Comments

Broad Market Declines Across Segments

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. …
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Added by Black Book on December 12, 2017 at 3:41pm — No Comments

BLACK BOOK DATA SHOWS VEHICLE VALUES FALLING SLIGHTLY ENTERING DECEMBER

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -2.2%. Cars overall dropped -2.6% and trucks decreased -1.8% in value during November. All vehicles are averaging a 12-month depreciation of -13.2%.
Small Pickups were the only vehicle category to increase in value during November, increasing in value by…
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Added by Black Book on December 12, 2017 at 3:40pm — No Comments

BIGGEST MISPERCEPTION WHEN SHOPPING FOR AN END-OF-YEAR CAR LEASE: OUTGOING MODEL YEAR IS CHEAPER

Conventional wisdom among many end-of-year car shoppers is to choose the outgoing model year in order to save a few dollars. However, an analysis by nationwide car lease marketplace, Swapalease.com, shows consumers can often get a better lease deal if they opt for the incoming model year, even in December when end-of-year negotiating heats up.
 
For example, consumers can lease…
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Added by John Sternal on December 12, 2017 at 3:37pm — No Comments

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