June 2020 Blog Posts (51)

LEASE CREDIT APPROVAL RATES CLIMB TO 68.6% IN MAY

Credit Approvals See Significant Rebound from April Rates

CINCINNATI, OHIO (June 18, 2020) – Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a…

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Added by John Sternal on June 18, 2020 at 11:05am — No Comments

Beep Partners with USDOT, AV Industry, and State Transportation Departments for AV Test Initiative

Beep among initial participants selected to promote the safe development and testing of autonomous vehicles across the United States

Beep, an Orlando-based autonomous shuttle service provider, is among 17 initial participants selected by the United States Department of Transportation  (USDOT) and the National Highway Traffic Safety Administration (NHTSA)  for the Automated Vehicle Transparency and…

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Added by John Sternal on June 16, 2020 at 11:44am — No Comments

FOR IMMEDIATE RELEASE: Reunion Marketing Introduces PROdrive

Raleigh, June 15th, 2020 — Reunion Marketing is proud to announce the expansion of our services to include a robust strategy for your dealership’s fixed operations: PROdrive. It is our team’s ongoing commitment to our partners that we help protect and build their market penetration, and that now rings true for all of their operations. As gross profit margins in vehicle sales have seen compression over the past few years, the average dealer’s gross profits, according to the latest NADA…

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Added by Dane Saville on June 16, 2020 at 11:12am — No Comments

What Apple Learned from Their Automation Failure

Back in 2012, Apple executives attended a meeting in China where they watched a video of an experimental fully-automated assembly line for the iPads. They watched as iPad parts traveled along conveyor belts and were cut, polished and then…

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Added by Steve Southin on June 16, 2020 at 9:51am — No Comments

VettX Partners with Recall Masters to Identify Vehicles with Dangerous Recalls on its Platform

Auto dealerships and consumers now have additional layer of transparency to safeguard them from making uninformed acquisitions

 

Laguna Hills, CA, June 10, 2020Recall Masters, Inc., the nation’s leading provider of automotive recall solutions, today announced a partnership with VettX, an automotive industry software provider that enables auto dealerships to…

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Added by Dan Beres on June 15, 2020 at 9:49am — No Comments

"It Doesn't Take a Genius" Zoom Cast 4

Mark and Mike discuss the importance and value of recognition when it comes to improving team member engagement. https://youtu.be/vYDM-A1ikbA…

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Added by Mike Marshall on June 13, 2020 at 10:23am — No Comments

It's Good to Have Friends - A Look at the Benefits of Vendor Networking | KPI Cafe Season 5 Bonus 3

David Lemmon joins Host Dane Saville to discuss the importance of vendor networking, including the surprising value that dealers get from vendor-to-vendor connections. Join them for this short but informative talk and see why it's always good to have friends.

So let's be friends! Subscribe today to never miss an insight:  http://bit.ly/2lAyOMK

—— Topics Covered…

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Added by Dane Saville on June 12, 2020 at 11:03am — No Comments

88% of Web Users Watch Video. What's Your Strategy? | KPI Cafe Season 5 Bonus 2 with Jason Harris

Approximately 500,000,000 hours of video is watched on YouTube every day. It's vital that you have a strategy in place for your dealership. In this episode, Jason Harris joins Host Dane Saville to discuss the what, how, why, and where of your video content.…

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Added by Dane Saville on June 12, 2020 at 10:06am — No Comments

Staring Contest

You could argue that digital retailing places your customers in the driver's seat. Maybe. Maybe not. No matter the driver, though, neither party wants to get caught in a staring contest. It truly is a bad look. Keeping your eyes on the road up ahead is far more productive for all involved.


At the…
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Added by Jim Flint on June 12, 2020 at 9:54am — No Comments

The Socially Distant Next Digital Era

Digital retail has just had an unexpected growth spurt. While stay at home mandates disrupted worldwide economies, it has also forced many business and consumers to abandon technophobia and welcome digital retail solutions with open arms. Companies like…

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Added by Steve Southin on June 12, 2020 at 9:34am — No Comments

Voicemail Tips to Get Your Phone Ringing

Anyone in sales can probably agree that leaving dozens of voicemails a day that are never returned is the most frustrating part of automotive phone sales. The average voicemail return rate is 4.8 % and sales reps spend about 15% of their…

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Added by David Malone on June 10, 2020 at 12:20pm — No Comments

A Decade of Change

To our friends, colleagues, and professional community:

It’s not a great time to celebrate our anniversary. Not with so much going on. So many people impacted by forces well beyond their control. The emotional choice and rational choices are confusing, and we all seem to know that things will be…

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Added by Jim Flint on June 10, 2020 at 10:57am — No Comments

Are Car Shoppers Getting “COVID Fatigue” In Dealer Ads?

View the latest COVID-19 data report from PureCars.

Background: We’re far from “all clear” but evidence of COVID fatigue is everywhere you look. Depending on where you live, you can either step…

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Added by John Sternal on June 10, 2020 at 9:42am — No Comments

US Car Sales Have Already Been Hit Hard By The Coronavirus

This is shown by sales data for the first quarter.

The crisis caused by the spread of the coronavirus has led to serious losses in the US car market, according to data on sales of companies in the United States for the first quarter of 2020, writes Der Spiegel.

Sales of the US automotive market leader General Motors (GM) fell 7% in the first quarter of the year compared to the same period last year.

The coronavirus crisis in the United States began in March,…

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Added by Jason Clark on June 10, 2020 at 2:00am — No Comments

88% of Web Users Watch Video. What's Your Strategy? | KPI Cafe Season 5 Bonus 2 with Jason Harris

Approximately 500,000,000 hours of video is watched on YouTube every day. It's vital that you have a strategy in place for your dealership. In this episode, Jason Harris joins Host Dane Saville to discuss the what, how, why, and where of your video content.…

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Added by Dane Saville on June 9, 2020 at 1:17pm — No Comments

Get Inspired: The Power of LIVE VIRTUAL Experiences!

Announcing the 16th Annual Automotive CX Summit Series 2020

Hosted by Thought Leadership Summits

Dealer Elite Readers Benefit from 20% Discount now through June 26th

Thought Leadership Summits, Inc. (TLS), is…

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Added by DealerELITE on June 9, 2020 at 10:35am — No Comments

AI + HI = Intelligence

The worldwide COVID-19 pandemic forced many retail businesses to either shutdown or embrace automation, AI and digital retail solutions in order to continue to generate revenue. Almost immediately, artificial intelligence has gone from a niche concept to a one that many automotive dealers and businesses need to strongly consider even as many of us begin…

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Added by Steve Southin on June 9, 2020 at 9:48am — No Comments

REPAY Announces Partnership with Inovatec Systems Corp

Partnership will enhance payment capabilities for lenders and finance companies across the Inovatec system…

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Added by John Sternal on June 9, 2020 at 9:00am — No Comments

Smile

Welcome back to our video series, Communication is Key!

So far, we’ve learned that YOU are…

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Added by Damian Boudreaux on June 8, 2020 at 10:30am — No Comments

Auto Dealership Buy/Sell Market Declines 9% in First Quarter 2020, as COVID-19 Brings Activity to a Standstill After a Strong Start

According to The Blue Sky Report® by Kerrigan Advisors, the pandemic’s impact on the first and second quarter will not result in dramatic changes to blue sky values, with a buy/sell rebound projected in the second half

Irvine, CA – June 8, 2020 The 2020 auto dealership buy/sell market declined in the first quarter, falling 9.3% off 2019’s transactions pace as the COVID-19 pandemic took its toll on auto retail,…

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Added by Crystal Hartwell on June 8, 2020 at 8:13am — No Comments

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