All Blog Posts (12,081)

Auto Dealership Buy/Sell Market Sets Another Record in Q1 2021, as Dealership Earnings, Revenue, Blue Sky Values, and Market Caps Hit Unprecedented Highs

A perfect, and unique, combination of market factors - record auto sales and grosses, soaring valuations, waning pandemic crisis and potential new tax laws - fueled acquisition activity to 66 completed transactions in Q1, and an unprecedented 300 completed over the past 12 month period, according to the First Quarter 2021 Blue Sky Report® by Kerrigan Advisors

 

Incline Village, NV - June 21, 2021 – The auto…

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Added by Crystal Hartwell on June 21, 2021 at 8:06am — No Comments

CULA Partners with Metro Credit Union to Offer Vehicle Leasing in New Hampshire

 CULA caps record-setting start to year by powering vehicle leasing for Metro Credit Union, the only credit union to offer the benefits of vehicle leasing in New Hampshire

 

San Diego, CA and Chelsea, MA–June 17, 2021 – Credit Union Leasing of America (CULA) has further expanded its vehicle leasing footprint through its partnership with Metro Credit Union, which launched vehicle leasing in New Hampshire this month.…

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Added by Crystal Hartwell on June 17, 2021 at 11:32am — No Comments

No Vehicles on the Ground? You Can Still Keep Customers.

If you’re reading this, you’re crying for inventory. We all are. The lack of new vehicles on the ground is like nothing I’ve ever seen before.

 

As CNBC reported, chipmakers shifted their focus to electronics like computers when…

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Added by Dan Dillingham on June 16, 2021 at 5:11pm — No Comments

How to Sell the Invisible Car

Right now, inventory is difficult to come by. Used cars are scarce and dealers are paying thousands over market value simply to have vehicles on their lots to sell. When it comes to new vehicle inventory the situation is even more dire. Many dealers’ lots have low new inventory because of chip shortages or transportation times. A…

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Added by Timmy D. James on June 16, 2021 at 7:43am — No Comments

Having Trouble Sourcing Used Vehicles? Get Creative!

A drive around town quickly identifies an odd reality: dealers’ lots are bare bones. It is honestly shocking how few new cars are on the ground. As new car inventory continues to fall, consumers are turning to used cars – putting a big strain on supply and driving up prices.

 

As a result,…

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Added by Travis Peterson on June 15, 2021 at 10:29am — No Comments

Life Widgets is a must have app for everyone - especially in Automotive!

One thing we often don’t think about is just how many businesses we interact with on a daily basis. Think about it, you order food from restaurants, you get your hair done at salons, travel around using Uber, book airfare & travel, and buy things online. But, to complete these tasks, you have to use several apps and visit multiple websites. And it’s in…

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Added by Chris Vitale on June 15, 2021 at 7:42am — 1 Comment

What Do You Do With An Obstacle?

In our video series, Ali Reda’s Road to Sales Success, we’ve been bringing you up to speed on the career of our friend, Carlos - a salesman working under the tutelage of Ali Reda. We’ve been discussing all the good stuff…

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Added by Damian Boudreaux on June 14, 2021 at 9:18pm — No Comments

What Do You Do With An Obstacle?

In our video series, Ali Reda’s Road to Sales Success, we’ve been bringing you up to speed on the career of our friend, Carlos - a salesman working under the tutelage of Ali Reda. We’ve been discussing all the good stuff…

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Added by Damian Boudreaux on June 14, 2021 at 9:17pm — No Comments

Need some tips on your newsletter?

Last week in our video series, Ali Reda’s Road to Sales Success, we began to tell you about that initial connection. So now that you’ve made that connection, what’s next? How do keep them engaged? 

Are you…

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Added by Damian Boudreaux on June 14, 2021 at 9:00pm — No Comments

Privacy or Safety -- Why Should We Choose Which Is More Important?

When it comes to vehicle recalls, I have always believed that safety comes first. One major challenge is the millions of vehicles on the road with open safety recalls and, with many vehicles changing hands privately, it is a monumental effort to identify those owners and notify them about an open safety recall and the risk to them, their families, and fellow…

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Added by Sean Reyes on June 14, 2021 at 9:58am — No Comments

Inventory Shortages Drive Car Shoppers to Neighboring States: Cars.com Reports 10% of Recent Buyers Traveled Across State Lines to Purchase a Car

Car Supply Shortage Squeezes Sellers and Shoppers as Cars.com Finds Nearly 1 in 3 Recent Buyers Drove 100 Miles or More for the Car They Want1 

CHICAGO, June 10, 2021 —…

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Added by Allison Phelps on June 11, 2021 at 4:30pm — No Comments

TAA Endorses Armatus Dealer Uplift as Retail Warranty Reimbursement Vendor

HUNT VALLEY, MD, June 7, 2021 – Armatus Dealer Uplift, the industry leader in retail warranty reimbursement submissions, today announced that the Tennessee Automotive Association (TAA) has named Armatus as the exclusive endorsed partner for Retail Warranty Reimbursement services for the TAA membership.

"Public Chapter 277 is an important development for Tennessee dealers. It is intended to ensure our state's dealers are reimbursed accurately and compensated fairly for warranty and…

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Added by Linda Snyder on June 11, 2021 at 11:31am — No Comments

PROTECTIVE ASSET PROTECTION F&I PRODUCT SURVEY SHOWS HOW THE PANDEMIC HAS ALTERED THE WAY DEALERS OFFER F&I OPTIONS TO CUSTOMERS TODAY

Expanded F&I Options Online, Increased Used Vehicle Sales Play a Larger Role in F&I Transactions Today

 

CHESTERFIELD, MO (June 9, 2021) – Protective Asset Protection, a leading provider of F&I programs, services and dealer owned warranty company programs, announced the results of its latest industry survey today, which illustrates how the pandemic impacted the sales of F&I…

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Added by John Sternal on June 9, 2021 at 9:35am — No Comments

SWAPALEASE.COM RELEASES LATEST FIGURES ON LEASE CREDIT APPROVALS SHOWING A SLIGHT DECREASE FOR MAY

Lease Credit Approvals Reached 69.9% in May; Down Slightly from 70.7% in April 

  

CINCINNATI, OHIO (June 8, 2021) – Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 69.9% approval rate in May. The approval rate is a very small decrease from the 70.7% approval rate in April.  

 

The May…

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Added by John Sternal on June 9, 2021 at 9:18am — No Comments

eLEND Solutions and Orbee Partner to Convert More Auto Dealership Shoppers into Buyers

Innovative re-targeting technology keeps more car shoppers moving down the purchase funnel

 

IRVINE, CA - June 8, 2021 - eLEND Solutions™ and Orbee are partnering to help transform auto dealership websites into powerful deal generators, by moving more online shoppers down the purchase funnel through intelligent re-engagement technologies. eLEND Solutions is an automotive FinTech company focused on providing a simplified vehicle purchase process for the…

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Added by Crystal Hartwell on June 8, 2021 at 7:08am — No Comments

Don’t think training fits in your budget? Just look at your rear end.

Most dealerships are used to focusing most of their time and attention on their sales team and profits from the front end. Unfortunately, the profits made on each sale are dwindling and new car sales are down. Lost revenue on your front end makes everyone want to tighten their belts. The question is: Where do we make the cuts? Should we pull from…

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Added by Sally Whitesell on June 4, 2021 at 5:26pm — No Comments

Who is greeting your service customers in the Service Lane?

Who should be greeting your service customers when they arrive at the service drive? A porter, an assistant or an advisor?

 

Every dealer seems to have a different process when it comes to greeting their service customers in the lane. Some would like you to just come inside, others may want you to stay with your vehicle.…

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Added by Justine Picciotti on June 4, 2021 at 11:08am — No Comments

Who should be greeting your service customers when they arrive at the service drive? A porter, an assistant or an advisor?   Every dealer seems to have a different process when it comes to greeting…

Who should be greeting your service customers when they arrive at the service drive? A porter, an assistant or an advisor?

 

Every dealer seems to have a different process when it comes to greeting their service customers in the lane. Some would like you to just come inside, others may want you to stay with your vehicle.…

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Added by Justine Picciotti on June 4, 2021 at 11:07am — No Comments

New Dealer Funnel Comprehensive Text Messaging Solution For Auto Dealers Engages Customers & Increases Sales

Created by two automotive industry veterans, Dealer Funnel has proven to increase sales through a combination of social media ads and text messaging.

 

Sanford, FL – June 2, 2021 – Dealer Funnel, a technology solutions provider for automotive dealers, today announced the…

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Added by DealerELITE on June 2, 2021 at 10:23am — No Comments

PURECARS ANNOUNCES THE ALL NEW PRO DEALER PLATFORM

Pro Dealer Represents a Disruptive New Approach to Automotive Martech that is Built to Deliver More Profit Margin and Lower Waste on Every Transaction …

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Added by John Sternal on June 2, 2021 at 9:03am — No Comments

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