March 2016 Blog Posts (87)

Is Duplicitous Pricing Good Business?

In a transparent, information-rich world where showrooming is commonplace, a pricing tactic used by many retailers seems strangely shortsighted. For lack of a better term, let’s call this shortsighted pricing practice “Duplicitous Pricing” or DP for short.

Simply put, DP occurs when a retailer posts one price in their store while maintaining a different price somewhere else – like the Internet. Interestingly, the practice of DP didn’t originate with the Web; as it was fairly…

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Added by Steve Stauning on March 27, 2016 at 4:37pm — 7 Comments

Let's Get Engaged with Google Analytics 360

With Google's new robust analytic platform, you'll be able to handle all of your tracking needs.  By watching this week's Hard Facts, you'll have all the information you need to succeed with Google Analytics 360.

Samantha will cover all 8 tools that are included in the entire suite.

How will you use them to benefit your business?…

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Added by Paul Potratz on March 25, 2016 at 4:30pm — No Comments

BLACK BOOK & FITCH RATINGS UNVEIL LATEST JOINT VEHICLE DEPRECIATION REPORT

Black Book® and Fitch Ratings, Inc., today released their latest joint vehicle depreciation report, showing that overall vehicle depreciation for two- to six-year old vehicles is expected to reach 15% in 2016, an increase from the 13.2% level experienced in 2015. Click here to download the full report. Click here to download the report.

The projected level of depreciation will mark the first time in the previous five years that…

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Added by Black Book on March 25, 2016 at 2:42pm — No Comments

New Opt-Out Twitter Algorithm Makes Social Media Strategy Even More Important

In an effort to gain exposure and effectively reach Facebook fans, one of the obstacles dealerships face in social media marketing is the continuous battle against Facebook’s algorithm. Facebook rolled out its ad platform attempting to monetize its platform and satisfy shareholders. As a result, businesses experienced an extreme decline in reach and were forced to either pay…

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Added by Paul Moran on March 25, 2016 at 9:02am — No Comments

Instant ‘Local Business’ Employee Car Purchasing Benefits Program?

Implementing Corporate Benefits Programs (CBP) to employees of small/large corporations is nothing new. Manufacturers have been doing it for some time -- Ford’s X-Plan pricing, for example. But, typically, these corporate discount programs are isolated to large national corporations with which the OEMs have successfully partnered. What if you could increase your market share…

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Added by Joe Orr on March 24, 2016 at 9:21am — No Comments

Win Business by Helping the Customer On Their Journey

In my last blog I discussed micro-moments – the critical moments, as defined by Google, in a customer’s car buying journey. I also covered the importance of having a strategy that caters to and attracts a customer’s attention at each touch point.

 

The 5 moments Google defines as important are: Which car is best? ; Is it right for me? ; Can I afford it? ;…

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Added by Timmy D. James on March 24, 2016 at 8:58am — 1 Comment

Small Car and Pickups Values Show Stability

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…

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Added by Black Book on March 23, 2016 at 2:01pm — No Comments

Are You Listening?

Are You Listening?



One of the most important skills our dealership team needs to develop is the art of listening. I am confident all of us at one time or another had our significant other question if we were listening. Many of the times my wife has asked me that question and I answered no. This just illustrates that it is an area…

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Added by Rob Gehring on March 23, 2016 at 11:58am — No Comments

Can You Change Your Outlook?

It's time to increase your potential

A low self esteem and a lack of self confidence can cause you to doubt yourself, limit your potential, and even your income. You can change your outlook and your attitude by make a few adjustments in your personal and work life. 



On this week's Think Tank Tuesday, I’m sharing 5 simple steps to change your outlook and…

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Added by Paul Potratz on March 22, 2016 at 3:30pm — No Comments

Best Fixed Operations Year Ever!

Stop Waiting, Help is not coming!

Are you having your best Fixed Operations year ever or at least one of your best years?  You should be. Think about it.  If people are not buying new cars then they are keeping the ones that they have, putting more miles on them, needing more services, needing bigger…

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Added by Jeff Cowan on March 22, 2016 at 12:24pm — 2 Comments

Auto/Mate Introduces New Streamlined and Intuitive Payroll Application for Auto Dealerships

Albany, N.Y. – March 22nd, 2016Auto/Mate Dealership Systems today introduced a completely redesigned payroll application for auto dealers, located within the Accounting Suite of its dealership management system (DMS). The new payroll application includes a host of new features that streamline and expedite the payroll process.

 

"We asked our customers and prospects what their biggest challenges were when they process payroll, then…

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Added by Mike Esposito on March 22, 2016 at 11:14am — No Comments

How Customer Experience Failures Effect Business

Whether it’s an unhappy customer in the service drive because the repair is taking too long; or a customer in sales for 4 long hours attempting to buy a car and less than happy as a result; or a customer making a post-purchase call to report issues with a vehicle they just purchased; dealership managers can sometimes feel as if they are constantly putting out fires and that…

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Added by Mike Gorun on March 22, 2016 at 8:56am — No Comments

Flick Fusion and WheelsTV Form Strategic Alliance to Offer VIN-Specific Vehicle Inventory Videos to Auto Dealers Nationwide

Urbandale, IA--March 21st, 2016--Flick Fusion and WheelsTV announced today that the two companies have formed a strategic alliance that will increase the distribution of Flick Fusion's VIN-specific vehicle inventory videos to auto dealerships nationwide. Effective immediately WheelsTV is leveraging Flick Fusion's SmartFlicksTM technology platform to expand the virtual test-drive product offerings of its…

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Added by Timmy D. James on March 21, 2016 at 11:17am — No Comments

The Biggest Security Threat to Auto Dealerships is the Employees, Warns Helion

Timonium, MD – March 21st, 2016-- Helion Automotive Technologies, a leading provider of information technology (IT) solutions to auto dealerships, warns that the biggest security threat to auto dealerships is the employees. International crime organizations are targeting auto dealers, among other service businesses, with sophisticated and targeted email scams designed to trick unwitting employees into performing actions that…

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Added by Erik Nachbahr, CISSP on March 21, 2016 at 10:55am — No Comments

Falling for Snapchat

Snapchat is a major tool for reaching customers in the 18-24 age range. Many marketers and business owners are still learning the full power of Snapchat how it can creates 
a stronger brand through social engagement. 



On this week’s Hard Facts, get tips and tricks for how to infuse Snapchat with your current marketing strategy and reach more shoppers than ever. …

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Added by Paul Potratz on March 18, 2016 at 3:43pm — No Comments

10 Signs You Should Invest in Certified Pre Owned Toyota Land Cruiser

1. You Enjoy Nice Cars…

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Added by James Jones on March 18, 2016 at 3:02pm — No Comments

Recalls, Used Cars & Bold Moves

In September 2015, AutoNation CEO Mike Jackson announced that AutoNation would discontinue selling any vehicles – new or used – with open recalls. This new policy includes not just those vehicles intended for retail, but also vehicles headed to wholesale buyers. The decision, while admittedly costly, is one that Jackson believes is the right decision as consumers buying…

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Added by Chris Miller on March 18, 2016 at 7:59am — No Comments

17 Secret Siri Commands You Would Love To Know

Siri is a virtual personal assistant that allows iPhone users to use their voice commands to operate their devices. This was first introduced with the launch of iPhone 4S and was believed…

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Added by Shawn Clark on March 18, 2016 at 6:28am — No Comments

How Dealerships Can Stay Afloat in the Aftermath of Natural Disasters

The residents of Missouri and Illinois had a rough start to 2016 after the…

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Added by David Metter on March 17, 2016 at 11:57am — 1 Comment

Are We Sacrificing Customer Experience for Efficiency?

It’s inevitable. Businesses grow and, as they do, many look for ways to automate processes. Dealerships do it with auto-responders. Many companies have automated phone trees which circle you around pressing 1s, 2s and 3s, driving you mad as you can never reach a live person for help. Customer service inquiries are responded to by e-mails you cannot reply to. Is it just me or…

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Added by sara callahan on March 17, 2016 at 9:12am — No Comments

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