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Dealer ManagementDealer/GM NewsInventory ManagementMarketing StrategiesOwnershipPre-Owned Sales & Marketing StrategiesSales & MarketingSales Management
A Car Dealer’s Scientific Guide to the 10 Worst Used Vehicles
A car dealer’s scientific guide to the 10 worst used vehicles, according to Yahoo. Quality is something we all want when it comes to cars, especially older used ones. But how do we get it? I have been studying this question in one form or anoth
Jan 21, 2014
Our focus is on Pre-Owned Net profit in 2014
Well troops, if we’ve ever had a real opportunity to capitalize on market share and improving volume and profitability in our stores, it is going to be in 2014. New car sales are over the top, as you well know. This means the opportunity for trade-
Jan 2, 2014
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Dealer ManagementDealer/GM NewsInventory ManagementPre-Owned Sales & Marketing StrategiesSales & Marketing
Pre-owned is Finally Getting it’s Own Identity in 2014
Well, we are going into another whole era. That is “the battle of pre-owned, more so than new”. The reason for the competition becoming greater in not only independent retailers but in rental car companies retailing vehicles, the internet retaili
Dec 13, 2013
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Dealer ManagementInventory ManagementMarketing StrategiesOwnershipPre-Owned Sales & Marketing StrategiesSales Management
3 Ways Used Vehicle Best Practices Will Shape New Car Retailing
I’ve long believed that there is a key difference between new and used vehicle shoppers. The difference boils down to this: After they’ve narrowed their vehicle shopping list, new vehicle shoppers start hunting for the best deal. They understand
Dec 13, 2013
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Dealer ManagementDealer/GM NewsFinance & Insurance NewsFixed Operations NewsInventory ManagementPre-Owned Sales & Marketing StrategiesSales & MarketingSales Management
An Early Christmas Gift: More Diesels, More Trucks, More Opportunities!
Question: In 2014, what will the Nissan Titan, the Mazda6, and the Chevrolet Cruze all have in common? They’ll all be powered by diesel engines! In fact, by the end of 2014, we’ll see 40 light-duty diesels on the market, from full-size pickups to
Dec 13, 2013
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Dealer ManagementDealer/GM NewsInventory ManagementOwnershipPre-Owned Sales & Marketing StrategiesSales & Marketing
November Mid-Month Update: Used Vehicle Depreciation Slows Considerably
November mid-month update from NADA. After diving by 3.5% on a prior month basis in October, used vehicle depreciation eased up substantially over the first half of November with prices falling by 1.2%, a figure in line with NADA’s full-month targe
Nov 22, 2013
Cost To Market Clarifiers: How The Metric Helps You Manage Used Vehicle Profitability
It’s fair to say the auto retail business has changed more in the past 10 years than in the previous 75 years combined. Much of the change owes to the rise of the Internet and new technologies, which have transformed the way consumers shop for used
Nov 12, 2013
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Dealer ManagementDealer/GM NewsInventory ManagementOwnershipPre-Owned Sales & Marketing StrategiesSales & Marketing
Use Your Camera
We all have iPhones today, iPads, laptops, communicating devices of all forms, shapes and sizes. They are great for looking at data, I even like them myself. What I have found is that they are even better for helping you in training your people. They
Sep 6, 2013
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Dealer/GM NewsInventory ManagementPre-Owned Sales & Marketing StrategiesSales & MarketingSales Strategies
The Art Of Wholesaling Used Vehicles In Today’s Market
Make no mistake, I’m a retail-first guy. I fundamentally believe that dealers should sell every vehicle they acquire as a retail unit to a retail customer. But I also recognize that retailing every used vehicle isn’t always possible—even with t
Sep 6, 2013