June 2015 Blog Posts (96)

We Got Fired, And You're Not Going to Believe Why

You Have to Watch this Video to See Why We Were Fired

I'm sharing 3 tips to handle leads, increase sales, and how to turn more shoppers into lifetime clients. There are many shiny nickels that seem like they can solve everything, but watch this episode of Think Tank Tuesday to discover what will…

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Added by Paul Potratz on June 23, 2015 at 4:15pm — 1 Comment

The Three Cs of Phone Skills Mastery

While I tend to do a lot of phone training, it’s not my favorite skill to teach.

This is not because my phone skills training lacks substance or robustness or even uniqueness – it provides all three (and you can even get most of it for free online) – it’s because that no matter how much phone skills…

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Added by Steve Stauning on June 23, 2015 at 4:10pm — No Comments

Sporty Cars and Trucks Remain Ahead While Most Car Values Declined

 

 

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. Click here to download the full report.

 

The Black Book editors and survey personnel have identified select trends this week that show where dealers and remarketers need to pay close attention to inventory management…

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Added by Black Book on June 23, 2015 at 2:58pm — No Comments

The Five Rules for Change

The Five Rules for Change

 

How do you see yourself when you consider your future? Do you have a dream for your life that you would like to achieve, but don’t know how to get there from where you are?  Are you stuck in the same rut…

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Added by David Lewis on June 23, 2015 at 1:54pm — No Comments

Open Letter to the Automotive Industry

An Open Letter to the Automotive Industry - Ken Potter

I spent the last three years working at TRUECar with a great team of people under me listening to dealers, industry executives, and my team on how to best serve dealers.

I first want to thank those dealers that allowed me to come visit their stores and hear their very candid feedback, concerns, and thoughts on how we could serve them better. I will be the first to say we didn't get it right for everyone, but we did grow…

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Added by krpotter47 on June 23, 2015 at 1:01pm — 2 Comments

Why Social Media Is Actually Good For Your Dealership

Are you one of the few that blasts Social Media as a form of marketing? Maybe you just don’t believe that it works. Maybe you think it’s a huge waste of time. Well the good news is that you’re not alone. The bad news is that the numbers of non-believers are rapidly dwindling.

Let’s say that you’re on the fence about whether there’s actual ROI (return on…

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Added by Willis Williams on June 23, 2015 at 9:25am — No Comments

Reputation Management Need To Know

What You Should Know About Managing Your Reputation 

Solid management of your reputation can result in real business growth. Word of mouth means everything in the business world, and having a great reputation can really impact that word of mouth in a positive way. You will also…

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Added by JB Floyd on June 23, 2015 at 8:00am — No Comments

Content is Important, but there's More to SEO than Building Pages

I've been pretty torn over the last few months. On one hand, I'm so pleased to see that dealers (and even some vendors) are really starting to embrace building content pages on their website. On the other hand, I'm concerned that many companies are starting to promote building these pages as their complete SEO strategy. What's worse is that many dealers are starting…

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Added by JD Rucker on June 23, 2015 at 5:00am — No Comments

The Top 10 Most Critical Do's and Don't of Data Mining

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Added by Ryan Mayo on June 22, 2015 at 1:21pm — No Comments

3 Strategies to Keep Your (personnel) Pipeline Full!

Keep your pipeline full-

Hope for the best but prepare for the worst-

We’ve all heard of or lived through the horror story of the dealer buried in turmoil and strife for six months or longer recovering from the untimely loss of key management personnel.

 

*Salespeople who do not “keep their pipeline full” typically incur discouraging slumps…

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Added by Roger Williams on June 20, 2015 at 10:30pm — No Comments

Sell Your Wrecked Car

Has your car been involved in an accident recently or do you own a car that is near death? Maybe the cost of repairing your vehicle is so painful that you don't have the stomach to see the bill. It's probably safe to say that most people know that a car is never the same after being involved in an accident and if the car hasn't been taken care of then there could be very serious mechanical, electrical, and safety issues. Maybe your car was a victim during last summer's hurricane and floods…

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Added by Kevin Lee on June 20, 2015 at 2:13pm — No Comments

When To Let An Expert Sell Totaled Car Parts For You

You’ll have a lot on your mind when you have a serious accident and your car is declared a total loss. You or a passenger might have been injured and require medical care or a period of rehabilitation. You may have to talk to your attorney or to law enforcement personnel about the details of the accident. You’ll definitely have to contact your insurance agent, and there will be a great deal of paperwork in order to make a claim against your insurance, or the insurance of the other driver.…

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Added by Kevin Lee on June 20, 2015 at 12:09pm — No Comments

LeBron James & The Cleveland Cavaliers: A Story of Loyalty

There’s no better story about the perils of loyalty than that which played out in the summer of 2010. At the time, Lebron James was the most desired free agent in all of basketball. For the prior two seasons, he had been pressured by fans to announce whether he would stay with the Cavaliers, or leave for another team. Cavalier fans were intensely loyal to James, who was a…

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Added by Chris Miller on June 19, 2015 at 10:20am — 1 Comment

Delivering On Your Promises Will Sell More Cars

One of the things dealers constantly have to battle with is the consumer trust factor. Historically, some auto dealerships have kept information away from consumers. So, as is human nature, consumers then thought these dealers had something to hide.

 

To add to this issue of trust, in many dense markets, dealers participate in a fierce race to the bottom --…

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Added by David Metter on June 19, 2015 at 8:58am — No Comments

Throw out the darn rulebook.

In this industry we often do things simply because they have been done before. Why not throw out the rulebook and do things because we SHOULD or WANT to? You don’t need anyone’s permission to pave the way for your dealership. It all starts with an idea that becomes a plan to present to those who need to buy in. You need to be that voice. I know it seems far fetched…

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Added by Subi Ghosh on June 19, 2015 at 2:25am — 1 Comment

Know Your Stuff

I believe without any question the service advisor makes the difference in regards to the service and parts department’s profitability. The day of handing a service advisor a pen and saying “here’s your terminal” should be well behind us. The lack of training service advisors allows for processes to never be standardized. 



The new…

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Added by Rob Gehring on June 18, 2015 at 2:56pm — No Comments

The Value of a Long Demonstration Drive

 

For most Customers the pinnacle part of our sales presentation is the Demonstration Drive.  This is where they are given a chance to take the car for a spin and hopefully take mental ownership of the vehicle.  The problem is…

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Added by David Lewis on June 18, 2015 at 10:02am — 2 Comments

Your Brand Is Your Reputation

Worried About Your Business's Reputation? These Tips Can Help!

Businesses that have great reputations attract more customers and produce more sales. Customers will be happy, and they will tell others about their experience with you. Safeguarding your business reputation is necessary for real success. Managing your reputation is crucial; continue reading for some helpful tips.

Always offer…

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Added by JB Floyd on June 18, 2015 at 8:30am — No Comments

The Pursuit of Happiness: Creating Engaged Employees

Today's market dictates that to succeed as a dealer, you have to create a great customer experience. You have to provide value and give the customer a reason to come back. A great customer experience is now one of the strongest value propositions any dealership can use to increase customer loyalty and retention.

 …

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Added by Richard Holland on June 18, 2015 at 8:29am — No Comments

Things You Need To Know Before Becoming a Qualified VOSA Mot Tester

For most technicians, their goal is to become a qualified VOSA MOT tester. It is not hard to see why either. After all, all vehicles require an MOT on a yearly basis, and thus this is a service that is always going to be required. This allows technicians to make money and ensure that they are continually in high demand. Also, having ‘qualified MOT Tester’ on your CV looks impressive. It will make you attractive to any potential future employers, and it will show…

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Added by mary yohanan on June 18, 2015 at 2:41am — No Comments

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