by: Richard Nimphie, Dealer Management CoachI am thankful for my mentors and am dedicated to assisting others likewise. Here are few fundamentals I learned through my mentors.........1.Employee culture and retention: I learned the importance of hiring for cultural fit as well as talent. In turn,…
DALLAS, TX – October 22, 2024 – Kerrigan Advisors, the leading sell-side advisor and thought partner to auto dealers nationwide, represented Dallas, Texas-based Cowboy Toyota in the sale of its dealership to The CAR Group (also known as Norm Reeves), the 23rd largest US dealership group as ranked…
Four Sources of OTDBs (Opportunities to do Business)1)Walk-Ins for the first time*Usually represents 50% of sales, however, should be less given the remainder of OTDB sources 2)Internet OTDB*Usually not managed well*Two-way engagement is the key*At least 50% should result in appointments*At least…
Why Effective Onboarding Is More Important Than EverMeighan NewhouseForbes Councils Member1 Employees need to be immersed in your culture from day one.How do you immerse employees into your culture? A great way…
Innovative AI-driven Solutions And Standout Leadership Propel The Company To The Forefront of Automotive Technology DETROIT – Lotlinx, the auto industry’s leading…
Custom Report Offers Real-Time Visibility for Unique Dealership Inventory, Plus Key Data to Make Better Markdown Decisioning DETROIT — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today a new Risk…
New survey from eLEND Solutions shows 76% of dealerships today are less likely to want their DMS to handle the majority of sales and finance processes, and worry most about data breaches and phishing attacks, but lack adequate security assessments from vendor partners.Foothill Ranch, Calif. –…
42% of credit unions report loan volume growth year-over-year, and 57% feel optimistic about rest of 2024, according to a new CULA survey, but uncertainties about…
FOR IMMEDIATE RELEASE INTRODUCING DEALNOW: THE FIRST SAFE AND INSTANT PERSON-TO-PERSON ONLINE VEHICLE TRANSACTION PLATFORM Delivers Safe, Fast, and Fraud-Free Vehicle…
As data breaches and cyber threats are more prevalent than ever in the automotive industry, the importance of data privacy and the sense of urgency of implementing solutions cannot be overstated. Industries like finance and healthcare have long understood the critical need to safeguard sensitive…