In the last seven years, new vehicle gross margins have declined from four percent to two percent. If that pace continues, profit margins will be wiped out by 2025. It appears that the front-end grosses dealers enjoyed 10 or 15 years ago are never coming back.
F&I profits have made up for some of these lost profits, but this trend is not…
ContinueAdded by Scot Eisenfelder on July 12, 2019 at 9:26am — No Comments
In this video blog, Jim Flint, CEO, and Founder of Local Search Group discusses advertising spend, and various ways to allocate your budget via cost per sale thinking.
Added by Jim Flint on July 12, 2019 at 7:00am — No Comments
1. INTRODUCING IFREQS® ROBOTC ARM MOBILE PHONE HOLDER FOR CAR
Fundamentally redesigned and re-engineered. The latest innovation and a patented design phone holder make your phone safe all…
ContinueAdded by Terrel Watkins on July 11, 2019 at 8:30pm — No Comments
This week, Jeff discusses the important topic of goals. We are at the halfway mark, so it's time to evaluate your goals. As a service advisor., have you reached them? Have you fallen behind? What are you doing to get back on track and re-project for the second half of the year? Stay tuned for Jeff's expert advise on maximizing your time on the service drive. Copyright 2019 Wm Jeff Cowan
Website: automotiveservicetraining.com
Contact: info@jcowansprotalk.com
Phone:…
Added by Jeff Cowan on July 11, 2019 at 12:00pm — No Comments
Though every vehicle today comes with a recommended maintenance schedule from the manufacturer, many consumers don’t follow them. What’s worse, some may not even know they exist! We recently surveyed 1,000 auto dealer customers and found that younger generations are less likely to follow manufacturer recommendations than their older counterparts. While 61% of…
ContinueAdded by Jeff Giere on July 11, 2019 at 10:37am — No Comments
In a quick review of dealership’s websites, I find that many are almost entirely sales focused and tend to neglect the one department that brings the most significant percentage of profit… service. Go ahead. Take a look at a few dealership websites. Service tends to be the red-headed stepchild; often neglected and forgotten. Yet it accounts for 50% or more of…
ContinueAdded by Ed Barton on July 11, 2019 at 10:17am — No Comments
Dealers, do your computers still run the Windows 7, Windows XP, Windows Vista or Windows 2003 operating systems? Do you have a Windows Server 2008? Be aware that your machines are vulnerable to a new type of malware called BlueKeep that’s seeking to infect thousands of computers and could be more destructive than the WannaCry ransomware outbreak of 2017.
ContinueAdded by Erik Nachbahr, CISSP on July 10, 2019 at 9:31am — No Comments
New 'Seamless Lease Connection' from Credit Union Leasing of America streamlines the lease management process for credit unions and enhances the member experience
SAN DIEGO, July 9, 2019 -- Credit Union Leasing of America (CULA), the leader in enabling credit unions to leverage the $64.6 billion U.S.(1) vehicle leasing market, announces the launch of a redesign to their proprietary lease management system,…
Added by Crystal Hartwell on July 9, 2019 at 2:21pm — No Comments
Dealerships lose hundreds of sales opportunities every year because of missed or mishandled phone calls. On average, a dealership fails to connect with 33% of incoming calls. For every 100 calls, that means you’re missing out on 33 potential deals! Phone calls are three times more likely to convert than other types of leads. It’s crucial to fix your phone…
ContinueAdded by Tom Harsha on July 9, 2019 at 10:16am — No Comments
There are thousands of you reading our blogs, watching our videos, and keeping up with our activities on various platforms where we publish.
I believe we all have something in common: We enjoy learning, understanding…
ContinueAdded by Jim Flint on July 9, 2019 at 8:00am — No Comments
Ladies and gentlemen, we are back with our newest video series, Ali Reda’s Road to Sales Success! It’s time for us to talk about Carlos’ fourth week in the dealership. If you don’t know about him yet, let me bring you up to speed. Carlos is a new salesman at Les Stanford, and Ali Reda is his immediate manager and coach. We want to take…
ContinueAdded by Damian Boudreaux on July 8, 2019 at 1:50pm — No Comments
In our video series, Ali Reda’s Road to Sales Success, we’ve told you a little about us and a little about our new friend, Carlos – a new salesman working under the tutelage of our very own, Ali Reda. In the first few weeks, Carlos is already building a business of lifelong relationships that he’s cultivated with friends who know, love, and trust him. He’s also putting himself way…
ContinueAdded by Damian Boudreaux on July 8, 2019 at 1:46pm — No Comments
Advisors from a mix of dealers and dealer groups will help shape future company processes & product development
Lakeland, FL, July 8, 2019 - fusionZONE Automotive, LLC today announced the formation of a dealer advisory council to gather feedback and insights directly from its dealer clients to help shape future product development based on the exact needs of its…
ContinueAdded by Ed Barton on July 8, 2019 at 10:01am — No Comments
This week, Jeff discusses how service advisors and managers can bounce back after having "scraped knees". A bad day, week, or month, cannot define your success and WILL NOT determine your momentum on the service drive. Copyright 2019 Wm Jeff Cowan
Website: www.automotiveservicetraining.com
Contact: info@jcowansprotalk.com
Toll-Free: 800-248-2931…
Added by Jeff Cowan on July 5, 2019 at 12:00pm — No Comments
In this video blog, Jim Flint, CEO, and Founder of Local Search Group discusses the differences between Click Share and Impression Share, and why knowing the difference can generate more traffic.
Added by Jim Flint on July 5, 2019 at 8:00am — No Comments
Process, process, process.
Processes are the core tools for business. In order to become and remain successful and competitive, Dealership Service Departments must continuously improve their processes. Failure to do so is likely to result in higher costs, lower revenues, less motivated employees and fewer satisfied…
ContinueAdded by John Fairchild on July 2, 2019 at 4:40pm — No Comments
Our Spirituality in Crisis
How This Area of The Theory of 5 Can Pull Us Through Tough Times
No matter how we plan and prepare, there are times in life when circumstances beyond our control can bring us to our knees. Deaths, family…
ContinueAdded by DealerELITE on July 2, 2019 at 10:30am — No Comments
According to an article in Automotive News, dealerships are in a new car sales slump and have to increasingly rely on used car sales and service revenue to drive profits. Industry experts recognize that used cars are typically more profitable to a dealership than…
ContinueAdded by Dan Beres on July 2, 2019 at 9:58am — No Comments
With 6 Google Certifications and practical experience in Google Ad accounts, I wonder out loud if Smart Bidding just isn’t that Smart in the Automotive space.
Added by Jim Flint on July 2, 2019 at 8:29am — No Comments
Lakeland, FL, July 1, 2019 - fusionZONE Automotive, LLC today announced that due to sustained company growth it is expanding into new offices with an additional 8,000 square feet of space and consolidating operations to its Lakeland, FL office.
FusionZONE acquired MotorWebs a year ago along with nearly 300 dealership clients, and this expansion has enabled it to add management and support functions, and service…
ContinueAdded by Ed Barton on July 1, 2019 at 10:11am — No Comments
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