All Blog Posts (12,630)

OADA Endorses Armatus Dealer Uplift as their Exclusive Partner for Retail Warranty Reimbursement Services

HUNT VALLEY, MD, July 25, 2024 – Armatus Dealer Uplift, the industry leader in Retail Warranty Reimbursement submissions, today announced that the Oklahoma Automobile Dealers Association (OADA) has endorsed Armatus as their exclusive partner for Retail Warranty Reimbursement services for their membership. This is the 24th endorsement Armatus has received from State Dealer Associations.

“It is my goal to bring exciting new services to our membership that will benefit them year after…

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Added by Linda Snyder on August 14, 2024 at 10:46am — No Comments

Cyber threats will persist until dealers prioritize secure digital transport of data

In the wake of recent cyber-attack threats and ransomware events, data privacy concerns have never been more top-of-mind for automotive dealerships and the entire industry. As auto dealers increasingly rely on digital platforms for customer transactions, especially coming out of the pandemic (COVID?), the need for robust data privacy strategies has become paramount.

 

However, many auto dealers continue to operate on legacy philosophies, and with an “I’ll deal with it if I have…

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Added by John Sternal on August 13, 2024 at 3:02pm — No Comments

We've all heard it, sell the sizzle, not the steak. Are your sales people selling just the cow?

Elmer Wheeler coined the term in the 1930’s. Basically, he told customers the benefits they will get from a product or feature rather than what it did. He painted a picture convincing the customers how they would feel after using the product as well as what impact it would have on them. “It’s the sizzle that sells the steak and not the cow.”



Simple steps to sell the…

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Added by Richard Nimphie on August 13, 2024 at 11:30am — No Comments

Kerrigan Advisors Represents Asbury Automotive Group in Sale of Atlanta-based Nalley Chevrolet

Sale of leading domestic brand in high-growth market highlights ongoing buyer demand in the Southern region; transaction represents the 276th dealership sold by Kerrigan Advisors since inception and 70th franchise sold year-to-date

 

ATLANTA, GEORGIA– August 13, 2024 –…

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Added by Crystal Hartwell on August 13, 2024 at 10:29am — No Comments

Kerrigan Advisors Names Chris Gempton as Senior Vice President, Sell-Side Advisory, Opening the Firm’s First Florida Office

 

Gempton brings nearly two decades of automotive experience, including 13 years at AutoNation leading acquisitions and divestitures for the company; will expand Kerrigan Advisors’ footprint with the opening of a new office in Miami, Florida

 

Miami, FL   August…

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Added by Crystal Hartwell on August 12, 2024 at 10:47am — No Comments

Car Pros Dealerships Certified as J.D. Power 2024 U.S. Dealers of Excellence

 

Four Car Pros dealerships certified based on achievement of high scores from automotive manufacturer customer research and completion of an in-dealership best practices verification visit

 

RENTON, WA – August 6, 2024 – Demonstrating commitment to exceeding customer…

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Added by Crystal Hartwell on August 6, 2024 at 10:21am — No Comments

Why it’s important for auto retailers to understand their “carryover” rate when it comes to inventory risk management

Auto dealerships face a perpetual challenge: balancing inventory to meet customer demand without overstocking, which can lead to carryover inventory. Carryover inventory—vehicles that remain unsold for extended periods—ties up capital, incurs holding costs, and often requires discounting and markdowns to clear off the lot. This scenario impacts profitability and creates a cycle of reduced margins in today’s highly competitive…

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Added by John Sternal on July 29, 2024 at 12:04pm — No Comments

The Vast Majority of OEMs are Making Contingency ICE Production Plans as EV Sales Miss Projections, but are Increasingly Optimistic about Health of US Auto Retail Industry

2024 Kerrigan OEM Survey finds OEMs expect sales to increase and earnings to normalize at higher levels over the next 12 months, despite high interest rates and affordability challenges; majority of OEMs developing ICE production contingency plans as electric vehicle (“EV”) demand softens and EV sales expectations wane…

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Added by Crystal Hartwell on July 29, 2024 at 11:49am — No Comments

Trust Stamp Partners with Botdoc to Bring New Innovative ID Security to the Automotive Industry

Atlanta, GA, July 23, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) announces a partnership with Botdoc to integrate Trust Stamp’s low-code Orchestration Platform within the Botdoc Connect product, providing robust Identity Verification and KYC. The integration includes document validation using the …

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Added by John Sternal on July 24, 2024 at 2:10pm — No Comments

NHADA Endorses Armatus Dealer Uplift as its Exclusive Warranty Uplift Service Provider

HUNT VALLEY, MD, July 18, 2024 – Armatus Dealer Uplift, the industry leader in Retail Warranty Reimbursement submissions, today announced that the New Hampshire Automobile Dealers Association (NHADA) has named Armatus as the exclusive warranty uplift service provider for its membership.

"We believe in helping our dealer members succeed and they will benefit greatly from Armatus’ products, people, and services” stated Dan Bennett, President of the New Hampshire Automobile Dealers…

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Added by Linda Snyder on July 22, 2024 at 5:04pm — No Comments

Demystifying the Myths: The Realities of Vehicle Markdowns in the Auto Industry

The practice of markdowns has long been a…

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Added by John Sternal on July 22, 2024 at 11:19am — No Comments

I wrote this article about being a car dealer G.M. 12 years ago.........all principles still apply.

The Many Hats of the Auto Dealership General Manager

By Richard A Nimphie | Submitted On October 24, 2012

The general manager acts as an extension of the dealer/owner and, as such, not only assures the successful direction of long and short-range objectives, but is also responsible for the discipline, morale, and effectiveness and well-being of each person employed by the dealership. He/she develops efficient managers and works through them to see that mutually agreed upon goals…

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Added by Richard Nimphie on July 19, 2024 at 12:00pm — No Comments

BOTDOC AND KPA ANNOUNCE PARTNERSHIP ON COMPLETE COMPLIANCE SOLUTION AS MANY AUTO DEALERS ARE STILL FEELING THE PAIN OF RECENT CYBER THREATS

BOTDOC AND KPA ANNOUNCE PARTNERSHIP ON COMPLETE COMPLIANCE SOLUTION AS MANY AUTO DEALERS ARE STILL FEELING THE PAIN OF RECENT CYBER THREATS

 

Combined Solution Provides a Secure Way for Automotive Retailers to Transport Confidential Information with End-To-End Encryption

 

Monument, Co – July 16, 2024 - Botdoc, a pioneer in end-to-end encrypted communication, announced today it has partnered with KPA, a leader in…

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Added by John Sternal on July 16, 2024 at 9:34am — No Comments

Car Pros Tops List of LGBTQ-owned Companies in Puget Sound

Puget Sound Business Journal Ranks Top 20 Largest LGBTQ+ Owned Companies in the Region for 2024

 

RENTON, WA – July 16, 2024 – Car Pros Automotive Group, one of the fastest growing automotive groups in the United States, today announced that it ranked #1 on the list of Top 20 largest LGBTQ+ owned companies by…

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Added by Crystal Hartwell on July 16, 2024 at 9:33am — No Comments

HOW TO TRAIN A SALES TEAM TO SELL MORE CARS

Training is a key component of any dealership’s long-term plans. It unifies your team’s approach to sales, fine-tunes your brand identity, and can consistently deliver one of the biggest ROIs of anything you do for your business. 

However, if you don’t know how to train a sales team properly, it can also be a huge waste of time and money. It’s not…

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Added by Chris Vitale on July 11, 2024 at 10:10pm — No Comments

The Impact of Positive Improvement

Many businesses struggle with confessing they need improvement. Why is that such a bad thing to admit? The truth is, it’s not bad at all. 

 

Acknowledging there’s room for improvement is a skill not many possess. This is by no means a weakness; it is most certainly a strength in your repertoire. This skill allows your business to be one step…

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Added by Chris Vitale on July 9, 2024 at 11:31am — No Comments

6 REASONS TO INVEST IN SALES TEAM TRAINING FOR YOUR DEALERSHIP

Investing in a great training program is one of the best ways to increase all of your key metrics and meet your monthly sales goals. By bringing a specialist consultant who understands the auto industry and what it takes to sell effectively in this unique environment, your sales team can stay ahead of the competition by following the latest trends and perfecting vital skills like appointment setting and lead management. …

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Added by Chris Vitale on July 9, 2024 at 11:26am — No Comments

The Stepping Stones to Success

Training is the foundation for a business's success. Why settle for mediocrity when you can strive for greatness? Finding ways to step up your game can be difficult, but ongoing coaching makes the process seem effortless. 

 

What does practical coaching look like? What are the critical components needed to produce maximum…

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Added by Chris Vitale on July 5, 2024 at 2:32pm — No Comments

SUSTAINABLE TRAINING PROGRAMS TO INCREASE CAR SALES TEAM EFFICIENCY

Time is money, and your sales force needs to be efficient in their work. Extended pitches can derail closing and waste time, while a laser focus on identifying customer needs and pain points is key to solving problems and overcoming objections. 

However, achieving this is easier said than done, and training is essential for keeping your team sharp.…

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Added by Chris Vitale on July 4, 2024 at 12:45pm — No Comments

WHERE TO GET AUTOMOTIVE DEALERSHIP BDC TRAINING FOR YOUR TEAM

Every department at a dealership needs training, but your BDC can benefit the most from regular coaching to maximize the results they get for your business. They rely on their phone scripts and skills to set appointments for your salespeople, and the tiny details they get from training can be the difference between hitting your monthly goals and the entire dealership falling flat. …

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Added by Chris Vitale on July 2, 2024 at 11:26am — No Comments

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