February 2018 Blog Posts (79)

ELEAD1ONE Introduces DealBuilder Digital Retailing Solution for Auto Dealers

Game-changing application is designed to keep dealerships central to the online car-buying process

Atlanta, GA – Feb 19, 2018 – ELEAD1ONE today introduced DealBuilder for auto dealerships, an online car-buying application that guides customers through the entire vehicle purchase…

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Added by Bill Wittenmyer on February 19, 2018 at 9:22am — No Comments

What is Content Marketing?

Content marketing has become somewhat of a buzzword recently. With developing technology and the Internet taking over our lives, PR and marketing terms constantly develop and shift in meaning. So, I thought a little primer on content marketing might be useful!

 

The classic definition of marketing typically involves activities such as ads, coupons and direct…

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Added by sara callahan on February 16, 2018 at 10:17am — No Comments

How To Use The Law Of Reciprocity To Sell More Cars

Have you ever noticed that it’s easier to get people to do something for you after you’ve done something for them? Social psychologists call this the “Law of Reciprocity” and, in a nutshell, the theory is that when we do something for others, it creates a sense of obligation from them when asked…

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Added by Wendell Hardy on February 16, 2018 at 9:54am — 1 Comment

Movers and Shakers – Which Companies Are Making Waves in Investing in Infrastructure Debt?

Infrastructure debt is attracting institutional investors in the UK and across the world. The returns are much higher over traditional forms of investment, and this is why potential investors are eyeing the market today. The experts in the field of infrastructure debt are skilled professionals in the area of asset management, and they have the adequate resources when it comes to addressing challenges in the market. Their invaluable experience also helps in providing their clients with high…

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Added by Alices Forres on February 16, 2018 at 5:04am — No Comments

Episode 16- Write Service Podcast: The No Rush System

What is the best way to implement training to your team? Simple; The No-Rush System! This week, Jeff discusses how to implement training without rushing through it. Training is not something you DID, training is something you DO! This episode is a must watch for managers and dealers looking to implement training in the most effective and proven way.

Click here to watch!

Also available on iTunes, Stitcher,…

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Added by Jeff Cowan on February 15, 2018 at 12:00pm — No Comments

Tennessee Gets a New Recall Law and Consumers Aren’t Happy!

January 1 saw the enactment of Tennessee House Bill 141, to the collective groan of consumers. In a nutshell, this new law prevents consumers from suing car dealers if they purchase a used vehicle with an open safety recall, as long as it was disclosed, and the customer signed off on that…

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Added by Chris Miller on February 15, 2018 at 8:10am — No Comments

In Video Marketing, the Car Should Be the Star

Video marketing is becoming more important as consumers increasingly choose this medium over others. That’s exactly why almost every platform has shifted to a video-centric algorithm.  

 

I’ve spoken many times about the types of video a dealership should produce outside of inventory videos to create an emotional connection to your brand, dealership and…

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Added by Timmy D. James on February 15, 2018 at 7:54am — No Comments

TagRail™ Announces Market Scan and F&I Express Integrations, Enables VIN-Specific, Penny-Perfect Online F&I Shopping on its New Digital Retail Platform

DUBLIN, CA – February 13, 2018 – TagRail™, the creator of DealerTag™ and the Lexus Plus CEM App, announced today the integration of Market Scan and F&I Express services into its new Digital Retail Platform. Now TagRail’s platform provides shoppers a transactional-specific, penny-accurate vehicle finance and aftermarket product check-out and delivery experience from their livingroom to the showroom.

 

These integrations populate TagRail’s F&I tool…

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Added by Jim Leman on February 14, 2018 at 3:00pm — No Comments

Car Segments Performing Well

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes.Click here to download the full report.



This week’s Black Book Market Insights report shows the early stages of the spring selling season, with cars holding retention better than trucks. The report also showcases the latest Black Book…

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Added by Black Book on February 13, 2018 at 12:14pm — No Comments

Episode 15- Success in Sales Podcast: It's About the STOPS, Not the Steps!

This week, Jeff covers a forgotten rule of professional salesmanship- never forget the stops of a sale! Rather than focusing on the end goal or the steps ahead, take the time to STOP and recognize your presentation, have full attention to your product or service, and take the necessary stops to make it to the end. If you rush simply to get the sale or end goal, you are likely missing key points along the way! Each stop is an opportunity, so make each one count. Copyright 2018 Wm. Jeff…

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Added by Jeff Cowan on February 13, 2018 at 12:00pm — No Comments

Black Book January Depreciation Report Shows Vehicle Retention Strengthening To Signal an Early Start to the Spring Selling Season

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -2.6% during January, slightly lower than the -2.9% shown the previous month. Cars overall dropped -3.0% and trucks decreased -2.3% in value during January. All vehicles are averaging a 12-month depreciation of -14.5%.

Luxury Cars showed the highest depreciation in January at -3.6%. Vehicles in the Luxury Car segment include the Mercedes Benz E-Class, BMW 5 Series,…

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Added by Black Book on February 13, 2018 at 10:58am — No Comments

The Future of Service: A World Without Paper

If you haven’t noticed, a revolution is happening in our society. More and more businesses are going paperless. Airlines issue boarding passes via, email, text message or through a mobile app. Sporting and entertainment tickets are increasingly delivered via email or through a mobile app. Most credit card companies and banks send electronic statements and incentivize…

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Added by Ujj Nath on February 13, 2018 at 9:02am — No Comments

Winning Customer Loyalty Through Convenience

Customer loyalty is increasingly difficult to earn. Consumers simply aren’t as loyal…

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Added by Mike Gorun on February 13, 2018 at 9:02am — No Comments

Lease Credit Approval Rates Dip To Begin 2018

Higher-Than-Average Number of Lease Shoppers Continued To Search for Luxury Leases Into January and Past the Holiday Promotions

 

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 57.8% approval rate in January to begin 2018, down from 62.0% in December. January’s rate was higher than the 50% rate from a year ago in January 2017.

 

Some of…

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Added by John Sternal on February 12, 2018 at 12:00pm — No Comments

An Amazing Business Opportunity That Nobody is Doing

Whenever a need arises in the marketplace, inevitably an entrepreneurial spirit…

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Added by Scot Eisenfelder on February 12, 2018 at 9:21am — No Comments

Technological innovations reshaping the transport and logistics industry

The transport and logistics industry means more than just receiving, loading and shipping boxes via ground, rail, air and sea. Imagine that a natural disaster could occur at any given moment. A tsunami impedes the ships from leaving the port or a dangerous and powerful storm forces the authorities to close the highways, shut down the airports and the bridges. Apart from causing panic and terror among citizens, these types of unfortunate events result in a real crisis for the transport and…

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Added by Cynthia Madison on February 12, 2018 at 4:17am — No Comments

How Subtlety in Content Leads to Marketing Success

These days, consumers are no longer willing to engage with in-your-face marketing tactics and quality content is king. Simply put, t…

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Added by sara callahan on February 9, 2018 at 9:33am — No Comments

Episode 15- Write Service Podcast: The Buy A Suit Technique!

This week, Jeff covers the most asked question from service advisors: "How do I get the up-sell before my customer's car gets in the shop?" Well it's easy! The Buy-A-Suit Technique is the absolute best technique to let your customer know that they're in the right place, at the right time, with the person who is best to get the job done. Make sure you've got a pen and paper handy for this one! Copyright 2018 Wm. Jeff Cowan…

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Added by Jeff Cowan on February 8, 2018 at 12:00pm — No Comments

Episode 15- Write Service Podcast: The Buy A Suit Technique!

This week, Jeff covers the most asked question from service advisors: "How do I get the up-sell before my customer's car gets in the shop?" Well it's easy! The Buy-A-Suit Technique is the absolute best technique to let your customer know that they're in the right place, at the right time, with the person who is best to get the job done. Make sure you've got a pen and paper handy for this one! Copyright 2018 Wm. Jeff Cowan…

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Added by Jeff Cowan on February 8, 2018 at 12:00pm — No Comments

Residual vs. Int Rate: Bigger Impact to Car Payments?

With interest rates expected to continually increase in 2018, despite the recent stock market sell-off, and used car prices continuing to fall this year, mostly due to rising supply, car shoppers often ask how rising interest rates and falling residuals may impact their payments.



Swapalease.com conducted an analysis of both scenarios taking into account a typical vehicle with an MSRP of $35,000. Here are the assumptions:



Term: 36 month lease

Residual: 49%

Interest…

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Added by John Sternal on February 8, 2018 at 10:13am — No Comments

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