Featured Blog Posts – February 2014 Archive (63)

What Type of Manager are You?

Watch the tips featured in this week's Think Tank Tuesday and increase your profitability with your management style.

Added by Paul Potratz on February 11, 2014 at 2:59pm — No Comments

The Transparency Advantage

Car shoppers today have access to all kinds of online data when making a purchase decision: car reviews, price information, inventory availability, dealership reviews, you name it. With a few clicks (likely from their smart phone), they get the answers they need, possibly while standing right in front of you in your store. Talk about consumer empowerment.

The thing is, all this ready-access to information can also be hugely empowering for dealers. Dealerships that adapt their…

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Added by Sean Peoples on February 11, 2014 at 1:00pm — 9 Comments

Report on 2013 Dealership Acquisition Activity published by The Banks Report

Press Release about Report on 2013 Dealership Acquisition Activity compiled by The Banks Report

Below is just some of the data you'll find in the report:

(Report includes industry's most comprehensive list of dealership acquisitions in 2013)…

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Added by Cliff Banks on February 11, 2014 at 9:32am — 2 Comments

Do your salespeople really suck or do you?

After 20 years in this industry it's amazing how in some areas, namely sales management,  so little has changed when it comes to the manager/salesperson relationship. If you've ever said: it's hard to find good people. or... My people suck. THIS IS FOR YOU!

Disclaimer: If the below info doesn't pertain to you, don't be offended. If you leave a pissed off comment, it's likely that I'm speaking directly to you so grab a mirror after you complain about the…

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Added by Mathew Koenig on February 10, 2014 at 11:10am — 3 Comments

Vehicle Descriptions: Here's your Competition...A Lady from Alaska.

2013 GMC 2500 Denali. $45,000. Below Blue Book!!!! Why you ask? This truck may be more loaded than an Irishman in a whiskey-drinking contest, but it is no Sunday driver. It is a ¾ ton, 4-wheel drive, luxury work horse and it was cast from smelted bullet casings and stealth fighters by God’s own iron fist to be rode hard and put away wet. It may have a couple of scratches on…

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Added by Danny Benites on February 10, 2014 at 8:00am — 2 Comments

The FTC Strikes Again – You Ain’t Seen Nothing Yet...

Here we go again.

As if the CFPB/DOJ $98 million penalty against Ally Bank in December wasn’t enough, more regulators are starting off 2014 with a bang. On January 9th, the FTC and the County of Los Angeles Department of Consumer Affairs held a press conference announcing a nationwide enforcement action targeting deceptive auto dealer advertisements. The…

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Added by Jim Radogna on February 9, 2014 at 8:29pm — No Comments

"I Hate Internet Sales!"

I hate internet sales!

My internet department s_ _ks!

Internet is all give-aways!

Internet salesmen are order-takers, not salesmen!

The internet department is just for volume.

 

How many of us have had to deal with Sales Mangers, GSMs, GMs and Owners who say this regarding the internet department in our store?  I've been…

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Added by Danny Maynor on February 8, 2014 at 2:30pm — 9 Comments

Calling ALL Speakers! For The Internet Sales 20 Group - April 8-10 2014 - Atlantic City, NJ



http://www.internetsales20group.com 856-546-2440

Calling ALL Speakers! For The Internet Sales 20 Group - April 8-10 2014 - Atlantic City,…

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Added by Sean V. Bradley on February 8, 2014 at 2:09pm — No Comments

Right before a break through

I find it funny at times people work hard for a goal and when they are about to make a break through, they quit trying...

What if you had the mindset that when it is the very most difficult that you were on a…

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Added by Tim Marvel on February 8, 2014 at 12:30pm — No Comments

“Action Required" Google Maps: Google Requiring Business To Reverify Their Listings Or Be Removed From Google Maps

Some business owners are receiving emails from Google requiring them to reverify their listings within three-weeks or their listings will be removed from Google Maps and Google+ Local.…

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Added by MANNY LUNA on February 7, 2014 at 2:00am — No Comments

To Whoever is Calling this "Social" Media, Please Stop. You're Embarrassing Us All.

It's easy for us to take the high road and call it abysmal to utilize the strategy demonstrated below. We would never do it to two dealers, let alone dozens. We also understand the need to make a solution scalable for the sake of profits as we have worked for companies that need to scale to serve hundreds or thousands of dealers. With that said, it is still atrocious…

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Added by JD Rucker on February 6, 2014 at 10:52pm — 3 Comments

NCM Institute wants to know: "How Well Trained is Your Staff... Really?"

Late last year I was reading the Sunday paper and came across a story that was a collection of quotes from Nelson Mandela, who had passed away the previous week.  Reading those quotes made me very reflective both personally and professionally. One of his quotes that really struck me…

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Added by Garry House on February 6, 2014 at 3:00pm — No Comments

Sales Training: Diplomatic Immunity from Unreasonable Expectations

Recently, I was asked to make an appearance as Ms. Florida Forestry Queen.  Unfortunately there was no clear leadership and miscommunications abounded.  Even the day of the event, it was not clear what was going to transpire.  I tried to be prepared for anything.   After the event, I received this…

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Added by Stephanie Young on February 6, 2014 at 1:30pm — No Comments

You Get What You Pay For: A Customer’s Service Nightmare

There’s one thing that all auto franchises have in common when it comes to service: battling independent auto shops. I’m fairly certain that not a day goes by when you have either a customer on the phone or in person who is price-shopping you with an independent. There are many ways to build value in dealership service versus independent service shops when talking to…

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Added by Richard Holland on February 6, 2014 at 10:06am — No Comments

Check out " Take the Guesswork out of selling to Women: Get this Report! " on dealerElite

Last year, women purchased an estimated 27.5 million (1) vehicles – an impressive 75,000 units a day. Women-Drivers.com, the premier car dealer review site focusing on women consumers, has released a comprehensive 2014 US Women’s Car Buying and Dealership Report detailing the experiences women have shopping, buying, leasing and servicing their vehicles at car…

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Added by Anne Fleming on February 5, 2014 at 3:00pm — 12 Comments

Relationship Building is the Key to Sales Success

I love going out to dinner when the wait staff remembers me and greets me like a friend.  The looks on my guest’s faces are priceless!!!  Everywhere I go; it seems the red carpet is waiting on my arrival.   Even my friends are eager to join me because via association they too get special treatment.  So, how did I earn my VIP status?  It was easy.  I just started treating each person I…

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Added by Stephanie Young on February 5, 2014 at 1:30pm — No Comments

Service Advsors"6 Steps to Happy Bank Deposits"

Here is a simple way to make more every month. 

It's called the "6 Steps to Happy Bank Deposits" and it goes like this.

1st, write down what you make per month…

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Added by Leonard Buchholz on February 5, 2014 at 10:46am — No Comments

Dealership Executives Need To Schedule More Time For Romance

By Brian Pasch

I was having dinner with two of my clients recently, something I really enjoy doing, and I was blessed to have their partners join us for dinner.  A discussion started about the demands of the auto business on their personal lives. One spouse commented about the need to get…

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Added by Brian Pasch on February 5, 2014 at 7:23am — No Comments

The Automotive Industry Deserves Better from Reputation Management Companies

Over the last couple of months, I've been researching reputation management companies in and out of the automotive industry. On one hand, I found a couple of shining stars that stood out from the competition. On the other hand, they were only the best but were still missing the boat when it comes to the true potential of what reputation "management" should…

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Added by JD Rucker on February 5, 2014 at 6:54am — No Comments

Turn a Mistake into a Masterpiece

In today's marketplace, I submit that it is no longer acceptable to merely satisfy our customers and employees.  That statement is not ground-breaking, we've all heard it.  In most cases, providing what I call "Ridiculous" Service does not come naturally.  As a matter of fact, it's quite un-natural.  We create habits even when it comes to serving.  If we are going to blow…

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Added by Danny Benites on February 3, 2014 at 10:00am — 5 Comments

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