Dealerships are having a tough time acquiring used vehicle inventory at competitive prices right now. Due to recent OEM shutdowns, new car models are sparse. And, even with large rebates, incentives, and low interest rates, consumers are being especially careful with their finances in these tumultuous times and are shopping for used vehicles more than ever…
ContinueAdded by Sean Reyes on October 16, 2020 at 8:42am — No Comments
Dealerships are having a tough time acquiring used vehicle inventory at competitive prices right now. Due to recent OEM shutdowns, new car models are sparse. And, even with large rebates, incentives, and low interest rates, consumers are being especially careful with their finances in these tumultuous times and are shopping for used vehicles more than ever…
ContinueAdded by Sean Reyes on October 16, 2020 at 8:42am — No Comments
You may be familiar with the saying, “Never let your emotions overpower your intelligence.” This advice is smart and logical, but how many people follow it?
When it comes to car buying, not very many. Emotions often take center stage.
Don’t get me wrong. There’s nothing inherently bad about putting emotions first. Consider a…
ContinueAdded by Bill Wittenmyer on October 14, 2020 at 4:11pm — No Comments
As many of you may know, Facebook recently rolled Click to Marketplace Ads out of beta. These ads have been renamed to On-Facebook Destination for Automotive Inventory Ads (AIA).
These ads appear in a carousel ad format just like standard Automotive Inventory Ads. However, this new Facebook advertising type allows car dealers to drive traffic to Facebook’s dynamic and mobile-optimized vehicle detail pages (VDP). These VDPs look very similar to your Marketplace…
Added by Joe Friedrichsen on October 13, 2020 at 11:00am — No Comments
Added by Jim Flint on October 13, 2020 at 9:51am — No Comments
From the days of tracking customers with index cards to the incredibly complex and varied solutions on the market today, there have undoubtedly been many evolutionary changes in the auto industry. Many of these technology solutions emerged before dealers even recognized a need, and so embracing new tools and processes was not…
Added by Wesley Gregg on October 12, 2020 at 10:30am — No Comments
Industry experts predict that manufacturers’ will continue to double-down on service warranty audits. After all, chargebacks are an additional source of revenue that is sorely needed now.
Every service manager should take special note of this prediction. Here’s why:
Added by Travis Peterson on October 12, 2020 at 9:55am — No Comments
Lease Approval Ratings Have Remained Steady Since April
Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.6% approval rate in September, a slight increase from the August rate of 67.1%.
September experienced a slightly higher number of applicants with qualifications for taking over another person’s lease contract and one of the highest approval rates for the entirety of 2020. However, the number of lease…
ContinueAdded by John Sternal on October 12, 2020 at 9:34am — No Comments
Thank you for joining us in the video series, Quality of Life. We’ve been talking about Ali Reda’s record breaking month of December 2018. You remember, right? The one where he…
ContinueAdded by Damian Boudreaux on October 10, 2020 at 1:00pm — No Comments
Added by Jim Flint on October 9, 2020 at 11:06am — No Comments
By Jordan Jankowski, Armatus Dealer Uplift
Every year, as dealers begin to work on their annual labor rate submissions, many are quick to grab their policies and procedures manuals to get started. For most, it’s a process that may involve filling out a competitive survey, producing a certain amount of consecutive qualified repair orders, or a…
ContinueAdded by Linda Snyder on October 9, 2020 at 9:30am — No Comments
Origination Estimates through September 13, 2020 reported as of September 15, 2020
Auto: Total *Origination data subject to revision due to reporting lags. All data presented here are estimates.
Added by John Sternal on October 7, 2020 at 2:12pm — No Comments
Incredibly well respected automotive industry veteran, David Kain, sat down with Quotible's co-founder Nick Kaptain in an exclusive interview to discuss Quotible, an industry-leading and dealer founded quoting and communication platform.
We were honored to…
ContinueAdded by Nick Kaptain on October 6, 2020 at 11:01am — No Comments
Award recognizes the most innovative dealership solutions of 2020; finalists to compete and present their solutions virtually at the 2020 DrivingSales Executive Summit
Salt Lake City, UT – October 5, 2020 - DrivingSales today announced that finalists have been selected for the annual DrivingSales Innovation Cup Award, which…
ContinueAdded by Wesley Gregg on October 6, 2020 at 10:33am — No Comments
Added by Jim Flint on October 6, 2020 at 10:01am — No Comments
An eye-opening article in Auto Dealer Today cites dealers can generate as much as $12,000 per month in additional gross profit from retail reimbursement for warranty parts.
This makes sense when you consider that the majority of manufacturers pay on average 40 percent over cost. If a dealer is approved at 80 percent markup over cost, that dealer will in effect…
ContinueAdded by Travis Peterson on October 5, 2020 at 10:57am — No Comments
Top-of-the-line Environmental Protection Product company recruits fixed ops director with 26 years of experience to lead expansion team.
Columbus, OH – October 5, 2020 – ZipDeal, a streamlined, post-sale, pre-F&I vehicle delivery system for automotive dealers, today announced…
ContinueAdded by Tony Gomez on October 5, 2020 at 10:09am — No Comments
Top-of-the-line Environmental Protection Product company recruits fixed ops director with 26 years of experience to lead expansion team.
Columbus, OH – October 5, 2020 – ZipDeal, a streamlined, post-sale, pre-F&I vehicle delivery system for automotive dealers, today announced…
ContinueAdded by Tony Gomez on October 5, 2020 at 10:09am — No Comments
Protective Focuses Location Footprint on Three Core Sites in Birmingham, Cincinnati and St. Louis
Protective Life Reinforces Its Commitment to a Sustainable and Best-in-Class Culture
BIRMINGHAM, Ala. -Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today the expansion of its virtual workforce, as the company refocuses its physical location footprint on three core sites in…
ContinueAdded by John Sternal on October 5, 2020 at 9:12am — No Comments
We sometimes wonder why the BDC is not performing like they used to be. At the same time, instead of acquiring new talent to fill a position or assist another department, we often shift them over instead. Sounds like a great idea, right? It means that we don't have to hire another position, and they have the skills needed for the job! But what we often don't consider is that it leaves an empty gap in the BDC. Or worse, if you leave the BD Agent in the BDC but have them off task, it lessens…
ContinueAdded by Chris Vitale on October 2, 2020 at 10:59am — No Comments
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