"I have recently found that printing full page window stickers alone can cost some dealers over $1.50 each! I know we print on a new printer, Xerox ColorQube 8570, which only costs us about fifty cents or so per page.
Last week at Digital…"
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Joe Tareen
- Dallas, TX
- United States
- Drive Alliance, LLC
- Blog Posts (3)
- Discussions (16)
- Events
- dE Groups (2)
- Photos
- Photo Albums
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Joe Tareen's Groups
Joe Tareen's Discussions
Need a list of cost cutting ideas for a dealership.
Started this discussion. Last reply by Shawn Case Nov 1, 2012. 20 Replies 4 Likes
Hello All,I need feedback on how best to cut cost at our dealership. A top ten list or link to a web source will greatly be appreciated!Best RegardsJoe TareenContinue
Shop productivity and Revenue Optimization
Started this discussion. Last reply by Clarence Weizenbach Mar 13, 2011. 1 Reply 0 Likes
I would like to know your thoughts on how we can improve service shop productivity and increase revenue opportunities?
Fixed Ops professionals at the NADA
Started Jan 21, 2011 0 Replies 0 Likes
Hello Ladies and Gentlemen My name is Joe Tareen and I am the President and CEO of a start up company called Drive Alliance out of Dallas, Texas. Here is our mission statement:For all OEM franchised…Continue
Honda abandons Fuel Cell technology for Hybrid.
Started Jul 20, 2010 0 Replies 0 Likes
Here is an interesting link about Honda finally giving up on it's quest to be the pioneer on hydrogen being as the fuel source of the future. As someone who has worked for Honda in the past and…Continue
Joe Tareen's Page
Latest Activity
Don McEwen replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."When it comes to cutting expenses in a Dealership there is no question that educating your managers will have the biggest impact. This might sound silly because managers know the numbers, right? I recently attended a 3 day Fixed Ops financial…"
George O'Sullivan replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."In 2008 when we and everyone was retrenching, we called EVERY vendor that we did business with. We told each vendor that we have to cut costs across the board by 20%, any vendor willing to cut their current costs by that amount would…"
Patric Timmermans replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."This recently recorded webinar discusses how to reduce workers' comp which can save you quite a bit: http://www.dealerwebinars.com/workcomp.html"
Doug Davis replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."Leonard, good to see a fixed operations guy enter the conversation. Though, different departments, I think that we view things in a similar fashion. I recently was working with a couple of Lexus stores where the newer store was nearly 100% absorbed…"
Leonard Buchholz replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."Great question Joe. And there are a lot of good ideas here. Having looked at quite a few dealers in the past few years, I can tell you that most go for the "easy stuff" (eliminate a position, cut back on paper towels) and not so much for…"
Doug Davis replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."Tom, Managers that fall below the GSM level are not usually tasked with P&L responsibility. Throughout the month, they are looking at how many "Xs" and average gross.
They make purchasing decisions based on an…"
Tom LaPointe replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."I don't disagree with you, but if TruCar's claim to 4600 stores (25% of dealers) is correct, there are a boatload dealers that fit your description. A critical ROI analysis should reveal trucar as a huge expenditure, but may LOOK LIKE it…"
Doug Davis replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."Tom, I named the three largest variable expenses because that is where the real money is.
I would suggest that any dealer that is spending that kind of money on a parasitic organization like TrueCar needs to learn how to market…"
Tom LaPointe replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."This is kind of an expansion on maximizing ROI on internet marketing from Doug Davis above, but I know of dealers cutting $5-10k per month by performing a detailed MONTHLY audit of the TRUCAR bill - digging into CRM can reveal if they were…"
Bobby Compton replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."Excellent suggestion, Jim Boldebook!
Amazing what happens when you get the entire team involved, I love that you recommend lot boys included.
Lot porter first mentality,- motivating and winning others over from the bottom up!~ "
Joe Tareen's discussion was featuredNeed a list of cost cutting ideas for a dealership.
Hello All,I need feedback on how best to cut cost at our dealership. A top ten list or link to a web source will greatly be appreciated!Best RegardsJoe TareenSee More
Joe Tareen replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."Thanks."
Joe Tareen replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."I agree with you wholeheartedly"
Joe Tareen replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership."Great comment. Thanks!"
Profile Information
- Which best describes you?
- Vendor Partner
- What company do you work for (or own)?
- Drive Alliance, LLC
- What is your current position within your organization?
- Principal
- What is your company website?
- http://www.thedrivealliance.com
- What is your Facebook page/URL?
- http://John Eagle Honda
Reynolds and Reynolds
ADP
- What is your LinkedIn page/URL?
- http://Email
- How did you specifically hear about dealerELITE? If referred, who?
- Not everyone gets approved for DealerELITE. To maintain the integrity of DealerELITE, tell us what you will have to offer once a dealerELITE member?
- We are developing a revenue/productivity optimization solution for the Auto dealerships specifically for the Fixed Ops department. We are a start up company and are eager to learn from industry professionals and dealers themselves in order to best serve our clients.
Joe Tareen's Blog
The Impending Tsunami of Customer Defections from New Car Dealers and the Role of the Internet.
Posted on June 21, 2011 at 8:00pm 0 Comments 1 Like
Many new car dealers know that something is not right with their service departments or for that matter with their dealership business model as a whole. Customer loss rates are at all time high, "Right To Repair" legislation is seemingly hanging over like a "sword of Damocles" and profits margins are shrinking across the board. I bet in almost every franchised new car dealership, management meetings are being held to discuss how to tackle these challenges and I can imagine the nature of some…
Continue An end-to-end multi-solution Service platform: Request for Industry comments
Posted on February 10, 2011 at 12:00pm 0 Comments 0 Likes
The Pain
Nation wide, OEM franchised service centers continue to loose hundreds of thousands of dollars worth of revenue everyday. Some service centers may be letting go as much revenue as they are generating, without even realizing the enormity of the loss.
Through our market research and with a substantial number of Repair Order Revenue Gap…
Continue NADA 2011
Posted on February 7, 2011 at 4:37pm 0 Comments 0 Likes
My message of creating Revenue Management based software for Fixed Ops resonated well with some major players at the NADA. Never been so excited to be working on this project then I am now. Many dealers are not looking for bells and whistles they are looking for a solid end-to-end solution that not only improves their profits margins but also their internal operational processes. Isn't that the main objective of achieving total business optimization? Stay tuned for some great news and… Continue
Comment Wall (1 comment)
- At 8:27am on February 8, 2011, Leonard Buchholz said…
- Likwise. Hope you had a great show.
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