All Blog Posts (10,947)

Get a semi truck insurance policy for your commercial vehicle

It is quite possible for mishappenings to happen on road when vehicles are running on the road. It is possible for both commercial as well as private vehicles as they are running over roads and can meet an accident anytime. So, to be on the safer side you can get the insurance done for your vehicles. Hence, if you are having commercial vehicles that are attached to a business and continuously running on the road then it is quite better to…

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Added by Simon Hopes on July 13, 2018 at 3:14pm — No Comments

Develop Your Managers to Maximize Your Bottom Line!

Department Managers have an enormous impact on your Dealerships Profitability. That impact can either be positive, or negative. The choice is really up to you. We would never let the coach on the field without a playbook and a strategy, yet as an industry we let our managers “play” every day…

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Added by Andy Church on July 13, 2018 at 10:42am — No Comments

Tips On Creating Quality Videos that POP! [VIDEO]

Tim James shares the importance of quality videos and tips on ways that dealers can make their videos more appealing to customers.

Added by Timmy D. James on July 12, 2018 at 11:15am — No Comments

Originations through March 2018 reported as of May 2018

Auto Loan Originations Observations through March 2018 reported as of May 2018:

  • 5.82 million auto loans, totaling $130.6 billion, have been originated year-to-date. This is a 2.0% decrease in accounts and a 0.1% decline in balances from this time last year.
  • Auto loans represent 87.2% of all auto account originations and 90.3% of auto origination balances YTD.
  • 1.37 million auto loans have been originated YTD to consumers with a VantageScore® 3.0 credit score…
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Added by Black Book on July 12, 2018 at 9:52am — No Comments

Are you Deaf, Dumb & Blind to your Customers on Social Media?

Every successful business needs customer feedback to gauge how they are doing. Customer loyalty, experience and retention can’t be modified without hearing what your customers think. Dealerships rely on such things as manufacturer surveys and online reviews to get an idea of how well they are doing. Some will even…

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Added by sara callahan on July 12, 2018 at 9:46am — No Comments

Ways To Increase Your Car’s Trade-In Value

Keeping your vehicle up to date is an expensive project, yet, there are several ways to make it somewhat more frugal. One of them is to trade-in your car in order to make up for a part of the price. How much will you be…

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Added by Nick Brown on July 12, 2018 at 5:13am — No Comments

Learning Leadership from Coach John Wooden



The late and legendary John Wooden is regarded by many to be one of the greatest basketball coaches of all time. In his storied 40-year career as a coach his name became synonymous with success, having had only one losing season: his first. As the head of UCLA’s men’s basketball program, his teams won 10 National Championships in a 12 year span – 7 of which were in a row – and had four undefeated seasons. Prior to his death in 2010 at the age of 99, he was honored in the College…

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Added by Dave Anderson on July 11, 2018 at 5:32pm — No Comments

Take the Test: How Trustworthy is Your Dealership?

Women make a full 45% of new consumer car purchases—that’s no small market. And when it comes to making these purchases, this market tends to consider much more than just cost. Price is definitely a component of their decisions, but emotional factors such as trust of the sales consultant and dealership are much higher on the priority scale. So while providing fast service and keeping up to date tech-wise are important, you need to adopt measures to ensure your female customers and guests…

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Added by Anne Fleming on July 11, 2018 at 1:42pm — No Comments

5 Tips for Switching CRMs

The decision to switch to a new CRM is not one to be taken lightly. On a daily basis, your sales team relies on your CRM for new leads and opportunities, to remind them what needs to be done, guide them through car deals and keep them on track to meet business goals.

 …

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Added by Bill Wittenmyer on July 11, 2018 at 11:15am — No Comments

Customers Like the Easy Button: Use it to Increase Sales

It’s probably not news to you that, while customers like having new cars, many dislike the dealership experience. And, that dislike often immediately begins from the first moment they arrive and are basically accosted by 10 salespeople approaching their vehicle as they pull onto the lot – yes, that’s mostly an…

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Added by John Wingle on July 11, 2018 at 9:56am — No Comments

LEASE CREDIT APPROVAL RATES DIP SLIGHTLY TO 68.4% IN JUNE

Secondary Marketplace Activity Picks Up With Shoppers Looking to Avoid Dealer Down Payments

 

 Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.4% approval rate entering July, relatively unchanged but up slightly from the 67.9% mark registered in May.

 

Even though lease origination activity at dealerships has been down slightly in 2018, lease takeover activity has remained healthy,…

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Added by John Sternal on July 11, 2018 at 9:44am — No Comments

7 Ways to Benefit from Rejection

Rejection is a part of life. Whether it’s for a date, a job, a promotion, a loan, or something else, the way you handle rejection has the power to elevate or devastate you. In this show Dave shares 7 ways that you can interpret and benefit from rejection, so that it fuels you towards your goals, keeps…

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Added by Dave Anderson on July 10, 2018 at 12:46pm — No Comments

Incentivization & Teamwork: The Keys to Increased Profits

As there are several different departments in dealerships, each with their own goals and targets, it is quite common for inter-departmental fighting to occur – a woe of many a manger. This happens because each department attempts to preserve revenue within their own department – other departments be…

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Added by Ujj Nath on July 10, 2018 at 9:46am — No Comments

LotMonkey Expands Strategic In-Dealership Merchandising System into Four New Markets

For Philadelphia, Louisville, Long Island & Northern New Jersey auto dealers, creating on-the-lot merchandising materials is now a breeze

 

Saint Petersburg, FL July 9, 2018 – LotMonkey, a strategic in-dealership merchandising solution for independents, franchised car dealers, dealer groups and OEMS, today announced expansion into several new markets…

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Added by John Wingle on July 9, 2018 at 9:42am — No Comments

Get Going

I wear a Fitbit tracking device that monitors how many steps I take during the day. One of the features in the Fitbit is when I’m sitting for a while it buzzes to encourage me to take so many steps to meet my goal for the hour. Wouldn’t it be nice if we had a similar product that monitored what we are accomplishing in our jobs? Words cannot express what…

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Added by Rob Gehring on July 9, 2018 at 9:09am — No Comments

How To Service A bobcat Wheel Loader

Daily maintenance of the bobcat wheel loader and proper pre-use and post-use check of the loader are essential to keep it safe and productive. There should be an appropriate schedule for the operator which he needs to follow to have a properly well-maintained bobcat wheel loader. So here’s a list https://www.repairloader.com/manual.php/bcaf71f of some critical points and by following them into the specific order will let you have…

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Added by Simon Hopes on July 9, 2018 at 3:02am — No Comments

Which Car Storage Is Suitable for You- Know the Types

Your car is one of the most valuable things you own. As a car owner, it is normal for you to become worried about the safety and security of your vehicle. When it comes to buying a car, what you need the most is to have a safe and secure place for keeping the vehicle. As it is about car storage, you will get a wide range of options before you.

Carports and garage are the most common ones which most of the people choose to keep the vehicle safely. Apart from these, self-storage units…

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Added by Tom Clark on July 9, 2018 at 2:58am — No Comments

Social Media is Alive and Killing It!

Some skeptics lament the decline in the use of social media platforms. Perhaps because they’ve become jaded due to all the arguments and political rhetoric constantly popping up in news feeds. Well, don’t for a second believe these pessimists!

 

Social media is not only growing, it’s becoming more…

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Added by Paul Moran on July 6, 2018 at 9:29am — No Comments

BLACK BOOK USED VEHICLE RETENTION INDEX CONTINUES WITH GAINS LONG AFTER SPRING MARKET

Monthly Index Increased +0.3% During June

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for May showing that it increased 0.4% during June registering 113.3 and up…

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Added by Black Book on July 5, 2018 at 2:45pm — No Comments

Why Digital Marketing Should Be a Priority at Your Dealership

As time goes by, digital marketing is increasingly integrated into car dealerships’ ad budgets. Because of that, many options have developed which allow dealerships to create exposure and deliver ads in a more direct and targeted way -- more than was ever possible with traditional media.

 

Even some forms of…

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Added by Steve White on July 5, 2018 at 9:51am — No Comments

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