All Blog Posts (12,551)

Building a Winning Culture: How a Positive Work Environment Drives Dealership Success

In the dynamic and competitive world of automotive dealerships, success extends beyond sales numbers and revenue figures. A crucial factor that can significantly impact a dealership's overall success is its work culture. A positive work environment not only enhances employee satisfaction and retention but also plays a pivotal role in driving…

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Added by Michael DePeazer on August 23, 2023 at 3:21pm — No Comments

2 month access to a new appraisal tool for free

Hello,

I think you may find this post useful! 2 month access to a new appraisal tool for free. For any dealer. Vehicle history reports included as well. Check it out.

Added by Alice Coleman on August 23, 2023 at 2:37pm — No Comments

Armatus Customers Benefit from S.W.A.T. A Unique Customer Pay Pricing Diagnostic & Improvement Tool

HUNT VALLEY, MD, AUGUST 22, 2023 – Armatus Dealer Uplift, the industry leader in retail warranty reimbursement submissions, has developed yet another tool to help new car dealers improve their customer-pay parts and labor rates, which in turn translates into higher warranty rates.

S.W.A.T., Statutory Warranty Analysis Tool, is an interactive, one-of-a-kind tool that provides unique insights into dealership operations. Using dealership data, an Armatus Specialist puts S.W.A.T. to work…

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Added by Linda Snyder on August 23, 2023 at 1:57pm — No Comments

Kerrigan Advisors Represents MCE Automotive Group in Sale of Seven South Carolina Dealerships to Anderson Automotive Group

Sale of seven dealerships underscores strong buyer demand for growth markets like South Carolina, one of the top 10 markets requested in Kerrigan Advisors’ proprietary Buyer Database

 

Greeneville, SC – August 23, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Greenville, South Carolina-based MCE Automotive Group, owned and operated by the Escude family, in…

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Added by Crystal Hartwell on August 23, 2023 at 12:46pm — No Comments

Exploring the New Right to Repair Pact: Balancing OEM Concerns and the Needs of Automotive and Commercial Vehicle Repair Shops

As July marked Right to Repair Awareness Month in the automotive aftermarket, there hasn’t been a better time than now to spread awareness about the importance of preserving Americans’ right to repair their vehicles, especially as congress continues to debate the necessity of the federal Right to Equitable and Professional Auto Industry Repair (REPAIR)…

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Added by John Sternal on August 11, 2023 at 3:30pm — No Comments

The Future of Automotive Finance: Trends and Predictions for F&I Managers

The automotive industry has seen remarkable advancements over the years, and the realm of finance and insurance (F&I) is no exception. As technology…

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Added by Michael DePeazer on August 9, 2023 at 1:50pm — No Comments

Car Pros Automotive Group Sets Record-Breaking Month of Vehicle Sales

 

National sales leader and a top 10 auto group has had record sales for each month in 2023, with its best month ever set in July 2023, retailing a total of 2,633 new and used vehicles

 

RENTON, WA – August 9, 2023 – Car Pros Automotive Group, one of the fastest growing automotive…

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Added by Crystal Hartwell on August 9, 2023 at 12:51pm — No Comments

Are you consistent with a U/C aging process?

  • Determine what your aging policy is going to be, then stick with it!
  • Aging policy has to be “pure”. In other words, if your aging policy is 60 days, then a vehicle must be off the books in 60 days, as opposed to, "Well, its 60 days so let’s determine what we will do with it".
  • The best approach to aging is to review your…
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Added by Richard Nimphie on August 7, 2023 at 2:33pm — No Comments

Majority of Automakers Expect New Vehicle Gross Margins to Remain Above Pre-Covid Levels, Though Dealership Profits Are Projected to Decline

New survey from Kerrigan Advisors reveals that OEMs are looking at a new normal when it comes to dealership profitability, lower inventory levels and more OEM involvement in pricing; 68% expect some form of non-negotiable pricing to be part of future EV retail model

 

Incline Village, NV – August 7, 2023 – Dealership new vehicle gross margins to remain above pre-Covid levels say 90% of automotive OEMS, according to the just-released annual…

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Added by Crystal Hartwell on August 7, 2023 at 1:47pm — No Comments

Overcoming Objections: Strategies for Handling Common F&I Challenges

In the world of finance and insurance (F&I) within the automotive industry, challenges are inevitable. F&I managers often face objections from customers who are concerned about the financial aspects of purchasing a vehicle. These objections can range from concerns…

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Added by Michael DePeazer on August 3, 2023 at 2:50pm — No Comments

WOLTERS KLUWER SECOND QUARTER AUTO FINANCE DIGITAL TRANSFORMATION INDEX SHOWS DIGITAL ADOPTION RATE UP SLIGHTLY

WOLTERS KLUWER SECOND QUARTER AUTO FINANCE DIGITAL TRANSFORMATION INDEX SHOWS DIGITAL ADOPTION RATE UP SLIGHTLY

 

Budgetary Pressures Setting In for Digital Adoption; Lenders Realizing Importance of Digitizing the Entire Transaction Process

 

NEW YORK – August 2, 2023 – Wolters Kluwer, a global leader in professional information, software solutions and services, announced second quarter results and analysis from its Auto…

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Added by John Sternal on August 2, 2023 at 2:40pm — No Comments

Unveiling EpicVIN's Solutions for Dealers in the Automotive Market

Welcome to EpicVIN! As the leading provider of comprehensive vehicle history reports, we are dedicated to supporting dealers in the competitive automotive market. Our mission is to provide innovative solutions that empower dealers to make informed decisions and overcome challenges.

Dealers face constant pressure to meet customer expectations…

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Added by Alice Coleman on August 1, 2023 at 11:00am — No Comments

Adapting to Change: The Role of F&I Training in an Evolving Automotive Industry

The automotive industry has always been dynamic and constantly evolving. Over the years, we have witnessed significant advancements in technology, changing consumer preferences, and shifting market trends. One crucial aspect of the industry that has seen considerable transformation is the finance and insurance (F&I) department. As the automotive landscape continues to evolve, F&I training becomes an indispensable tool for professionals in this field. In this blog post, we will…

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Added by Michael DePeazer on July 25, 2023 at 11:03am — No Comments

Enhancing Your Dealership's Success with Onsite & Virtual Dealership Training

In today's competitive automotive industry, staying ahead of the curve is crucial for dealerships to thrive. One way to achieve this is through a comprehensive training program that empowers your Sales Consultants and BD Agents to excel in their roles. Here are the top four ways Onsite & Virtual Dealership Training will help your dealership excel. …

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Added by Chris Vitale on July 23, 2023 at 9:54am — No Comments

Points to Consider Before Making a Career as Auto Electrician

Career is a long-term and needs to be chosen after considerations. You might like one profession, but you have to love it from the core to make a career out of it. So, the next time you are trying to make it big, it is rather important to get hold of the position, which is booming right now in the market. That position has to be right now. An automotive electrician is not a mechanic, as the services are way more advanced than basic mechanical work.…

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Added by Mark Simon on July 22, 2023 at 2:00am — No Comments

Credit Unions Worry Most About Over-Extension on Used Vehicle Loans, says New Survey, but Long-Term Loans Still Proliferate

 

CULA’s Used Vehicle Loan Snapshot, based on a survey of credit unions, reveals that they continue to offer car buyers a significant percentage of longer-term loans –70% offer 72 months or more – with low down payments, on high-mileage, older vehicles

 …

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Added by Crystal Hartwell on July 20, 2023 at 9:30am — No Comments

Boost Your Dealership's Sales With Effective Dealership Sales Coaching

Dealership Sales Coaching is a game-changing approach to training that equips your Sales Consultants and BD Agents with the skills and knowledge needed to excel in phone interactions with customers. By providing continuous and personalized coaching, your team will be prepared to handle a variety of scenarios, resulting in improved performance and increased appointment set rates. In this article, we will explore the key benefits of Dealership Sales Coaching and how it can transform your…

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Added by Chris Vitale on July 18, 2023 at 6:19am — No Comments

CerebrumX Industry Survey Highlights Challenges That Remain For Insurance Companies In Leveraging AI Analytics Data

CerebrumX Industry Survey Highlights Challenges That Remain For Insurance Companies In Leveraging AI Analytics Data

 

Most Executives Say They Don’t Have Access To Resources That Help Collect Data From Disparate Sources

 

DETROIT - July 11, 2023 - CerebrumX Labs Inc. (CerebrumX), a leading AI-driven automotive data management company, announced today results of a recent industry survey designed to take the pulse of…

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Added by John Sternal on July 11, 2023 at 1:38pm — No Comments

Car Pros Hyundai Renton Celebrates Grand Re-opening

 

Car Pros Automotive Group’s new state-of-the-art facility in Washington boasts significant investment in EV charging and repair infrastructure

 

RENTON, WA – July 12, 2023 – Car Pros Automotive Group announces the grand re-opening of its Car Pros Hyundai Renton, Washington, in a new, state-of-the-art facility. To mark the occasion, a celebration and ribbon-cutting ceremony were held on June 28th with local community…

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Added by Crystal Hartwell on July 11, 2023 at 12:04pm — No Comments

Why your dealership needs dealership sales coaching

You never hear a prize fighter say he fired his trainer directly after he won the championship belt, right? Well, that's why it's important to continue coaching and training the salespeople and BDC employees. Even after they seem to have mastered the phones and their appointment set rate is off the charts, continued coaching and training are paramount. This is what keeps them sharp! …

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Added by Chris Vitale on July 10, 2023 at 11:24am — No Comments

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