Cliff Banks's Blog – June 2011 Archive (5)

College Grads Don't Want to Work in a Dealership -- How Can We Change That?

What's the automotive retail industry's greatest challenge? According to several top selling dealers I've talked with recently, the answer is the negative perception the public has about car dealers.

 

Their concern isn't focused as much on what the customer thinks, but more so on what potential…

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Added by Cliff Banks on June 27, 2011 at 8:46am — 18 Comments

How Important is the Facility to the Sale?

This week, two American luxury brands, Lincoln and Cadillac, began rolling out facility redesign initiatives, at significant expense for their dealers.

 

The question is, do facility redesigns help dealers sell more vehicles?

 

Ford Motor Co. began talking to its Lincoln dealers last year about the investment they would have to make in their stores if they wanted to continue selling Lincolns. A meeting last week in Detroit with approximately 120 Lincoln dealers…

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Added by Cliff Banks on June 17, 2011 at 6:42am — 6 Comments

The Four Hottest Brands

Here's a question: Which four U.S. market brands are tied for the longest consecutive streak of monthly year-over-year sales increases? The streak now stands at 20 months.

 It's a great question and the answer is probably not the brands you think. I wish I was clever enough to have asked the question, but I'm not. Eric Mayne, senior news operations editor at WardsAuto.com posed the question today in his blog,…

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Added by Cliff Banks on June 13, 2011 at 10:00am — 3 Comments

May Sales Drop – A Blip or a Trend?

May Sales Drop – A Blip or a Trend?

Just when we were beginning to feel good about the auto industry following eight months of sales growing by percentages in the double digits, sales plunged in May, down 4% from May of last year.

The question is whether the drop will be a trend the rest of the year or a “minor” disruption for a couple of months. The major challenge is lack of inventory resulting from the earthquake in Japan earlier this year. The lack of inventory has led to…

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Added by Cliff Banks on June 7, 2011 at 8:38am — 4 Comments

Dealers Keeping $7,500 Tax Credit for the Volt?

Apparently, some  dealers are keeping the $7,500 tax credit provided by the federal government for buying a new Volt. The practice is creating a little bit of heartache for GM.

 

I say, apparently, because of a report earlier this week in the National Legal and Policy Center seems to indicate it might be happening.

 

In a New York Times blog…

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Added by Cliff Banks on June 2, 2011 at 12:18pm — No Comments

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