Overland Park, Kan.: NCM Associates, a leading provider of automotive 20 Group, retail consulting, education, and operations Benchmark® analysis services to franchised, independent and Buy Here, Pay Here auto dealers, announced today it is working collaboratively with automotive dealership technology provider vAuto to form exclusive Velocity Dealer 20 Groups for dealers who subscribe to vAuto’s products and its Velocity Method of Management™ philosophy. Three invitation-only Velocity 20 Groups are now being organized with simultaneous charter group meetings to be held April 14-16 in Chicago.
The first-ever Velocity 20 Groups will be managed and moderated by NCM Associates. The initial meetings in Chicago will establish the groups’ framework and future meeting schedules.
“This is not just a typical 20 Group, but rather a peer-collaboration environment focusing on velocity-centric conversations, best practices and meaningful plans of action,” said Dale Pollak, vAuto founder. “I’ve always considered it a primary responsibility to facilitate a network of like-minded, top-performing dealerships. The Velocity 20 Group through NCM will create a high-caliber, collaborative environment that benefits the entire velocity community.”
The Velocity 20 groups will serve dealers who have adopted vAuto’s Velocity Method of Management, which combines technology and live market data to help dealers manage their used vehicle operations from a time-sensitive, return on investment (ROI) perspective. vAuto pioneered the use of market-based metrics to help dealers make ROI-focused used vehicle management decisions to meet the needs of today’s more Internet-driven, margin-compressed and volatile marketplace.
“The Internet has changed the used car business forever,” said vAuto’s Pollak. “The dealers who are embracing this new reality are managing their used vehicle capital investments with live market data to help them read and react to buyer behavior and maintain the highest possible profitability. We’re excited for the role the Velocity 20 Groups will play at helping dealers share what’s working—and what isn’t—with their velocity peers, making them even more successful.”
Paul A. Faletti Jr., NCM President and CEO commended vAuto for its latest commitment to the success of its velocity dealer clients. He said, “While technology provides new insights and allows us to be more nimble and efficient, it also challenges us to shift our thinking and adjust our processes to take full advantage of the opportunities, which is not an easy task. Recognizing this, vAuto is fully supporting these Velocity 20 Groups to give its clients a structured, face-to-face venue for sharing best practices and helping each other through the inevitable challenges a new paradigm presents.”
For information about the NCM Velocity 20 Group program or to contact NCM Associates, visit www.ncm20.com or call 800.756.2620.
About NCM® Associates, Inc.
NCM Associates, Inc. is the originator of the automotive industry 20 Group peer collaboration process and has been providing dealership Benchmark® analytical data, Education and Consulting services to the industry since 1947. Located in Overland Park, Kan., NCM provides a robust suite of services designed to drive dealership profitability using its proven, operations-focused Benchmark® for Success program with new and pre-owned U.S. automotive dealerships, as well as with businesses in more than 20 other industries. NCM is proud to be 100% employee-owned.