Featured Blog Posts – December 2012 Archive (49)

Goals VS. Expectations

This time of the year was always interesting to me, I would get to sit back and watch the salesman cruise through December because they are all convinced that everyone is on vacation or they aren't buying cars becuase they are out Christmas shopping and that this was a month to just get what you can get and move on. Well I changed all that by  taking the philosophy that they will not work on GOALS anymore. Instead we implemented a system of monthly Expectations. The difference being that…

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Added by Wayne Weathersby on December 19, 2012 at 4:25pm — 5 Comments

From the NCM Institute Blog: Don’t Be a “Lacky": The 5 Biggest Mistakes in Buy Here, Pay Here by Brent Carmichael

I have the honor and privilege of traveling this great country of ours and working with all types of BHPH dealers on a consulting, training, and 20 Group basis. I am a firm believer that we learn more from our mistakes than our successes. When I first started to put this article together, I made a list of the most prominent mistakes I see BHPH dealers make. Problem was, the list was about 1,001 mistakes long. Most if not all of which I had made as a dealer myself.

After looking over…

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Added by Garry House on December 19, 2012 at 9:30am — 4 Comments

vAuto Genius Labs To Release AutoVisor Tool For Dealers

vAuto Genius Labs announces plans to release AutoVisor, a solution to build confidence for dealers and customers in every used vehicle opportunity.

AutoVisor will officially debut at the National Automobile Dealers Association conference in February. The product is the second offering in the new vAuto Genius Labs line, which the company launched last month.

“Dealers constantly worry that their sales teams miss opportunities because they don’t consistently put every used vehicle…

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Added by Dale Pollak on December 18, 2012 at 6:30pm — 2 Comments

What happened to rolling the red carpet out for customers at dealerships ?

Years ago the managers met all the customers when entering the dealership . Everyone was offered something to drink . In many dealerships the kids got a coloring book or a balloon with a happy face on it . The new kind of training teaches us to hurry up and that customers don't want to waste time . Forget the long demo's and building value with that idea . A service walk is hardly done any more except in the better dealerships where it is required . We had product training every week to keep us… Continue

Added by Fran Taylor on December 18, 2012 at 11:58am — 9 Comments

Digital Divide or Digital Opportunity?

Technology has a double edged sword and equally can be "our killer" as much as it can be our "life savior". It also holds opportunity and our success at hand.

The biggest and most important problem I see for many car dealers is that most fall into being a "follower" and not "leader". Our concern and effort to what others are doing has much time, money and focus invested…

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Added by Lizelle Landino on December 17, 2012 at 9:24pm — 2 Comments

Automotive Sales Training - The Death of the Traditional Dealership: Part 8

Surveys continually show that people dislike buying a vehicle. Although the numbers have gotten better over the years, people still dislike the car-buying experience. The key word here is “experience.” Everything you do is sales and selling. Every person in the dealership is in sales. Everything the customer sees is selling. What message is the customer receiving?

 

Selling today is not about feature-benefit selling alone. Any dealership that is being trained primarily on…

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Added by Mark Tewart on December 17, 2012 at 4:00pm — 5 Comments

Be a Pro....and always remember the basics!

I use this term alot with my managers and salespeople...I have this on my wall in my office!

I use this as a way to remind the guys that each and every person on our team has to want to be the absolute best at thier craft!

As managers we have this desire to coach things like Negotiating, or closing, or product knowledge...Now i am all about making sure these tools are…

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Added by Wayne Weathersby on December 15, 2012 at 1:30pm — No Comments

Killing as Many Birds with as Few Stones as Possible with Content: Defining the Types

In an ideal world, we would have the time and resources to create four types of content: converting website content, engaging website content, SEO content, and social media content.

Throw in public relations content,…

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Added by JD Rucker on December 15, 2012 at 3:53am — No Comments

What’s The Most Important Thing in LIFE?

Winning is very IMPORTANT. I've done my share of winning. Finishing First. The Gold Medal Performance etc., but putting all that aside, what's REALLY the MOST IMPORTANT aspect to living life?



• Is it Winning?

• Is it Fame and Fortune?

• Is it Finding Love and Companionship?

• Is it Merely Trying Hard?



I came across this story and short video recently that drove me to answer the question: What's REALLY the MOST (or one of the most)…

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Added by Lee Kemp on December 14, 2012 at 5:00pm — 1 Comment

How Dealers Reap The Benefits of Knowing What’s Important to Women CPO Shoppers

Did you ever wish you could read a woman’s mind to know exactly what car and price range she is interested in when she enters your dealership? Wouldn’t that make the selling process easier? Recent industry numbers highlight the power of women buyers and demonstrate what value they have to your dealership’s bottom line.

Let’s take a look at six characteristics that will assist you and your staff relate and understand your female buyer better.

1. Browsing – The Silent…

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Added by Anne Fleming on December 14, 2012 at 8:00am — No Comments

Tis the season for an HR reminder: company holiday parties

Now is the time of year when many employees are getting ready to party hard at the company holiday party. Yet, company polices do not end when the party begins. Therefore, employers should remind employees about guidelines for appropriate behavior, and how company polices are still applicable during a holiday party (even if it is scheduled off-site and during non-business hours).

Party with a Plan ?Employers should send an agenda ahead of time to all employees that describes when, where… Continue

Added by Patric Timmermans on December 13, 2012 at 8:03am — No Comments

My First Sale

Craig Lockerd

What was yours like?

I started selling cars in the summer of 1974 at a single point Plymouth Dealership in Canton Ohio, Canton Plymouth. We advertised as the “World’s Largest Exclusive Plymouth Dealership”,which probably was true due to the fact there were at that…

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Added by Craig Lockerd on December 11, 2012 at 10:15pm — 38 Comments

Automotive Sales Training - The Death of the Traditional Dealership: Part 6

Everyday managers walk into their dealerships in the morning and start their day with tasks or TO-Do list items. Unfortunately, those items rarely involve direct interaction with their sales team. The ultimate place for managers to be is in front of customers and salespeople.

 

Salespeople need interaction and input. If a manager allows a salesperson to direct their own day by their own design without input and coaching, the results will often be lackluster and will lead to…

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Added by Mark Tewart on December 11, 2012 at 4:30pm — No Comments

From the NCM Institute Blog: Are we likely to drive over the Fiscal Cliff? by Fred O'Dwyer

Even if your party did not win the White House a few weeks ago, you are still relieved, I would guess, that the election is finally over. Whether you are pleased or disappointed with the results, it is time to move on. After all, in about 30 days our country will be stepping right up to the edge of the fiscal cliff, ready to fall off into an economic nightmare in 2013. And that will surely happen, economists tell us, unless these politicians--many of whom we just (re)elected–-can reach…

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Added by Garry House on December 11, 2012 at 3:25pm — No Comments

Are You Willing To Change? 12-6-2012

Newsletter December 2012

Are You Willing To Change?

                        This month’s newsletter is different in that it will relate to your everyday life including life at the dealership. Many people use this time of year to set resolutions for improvement in next year’s results. My personal viewpoint is that without a firm…

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Added by Rob Gehring on December 11, 2012 at 9:00am — No Comments

7 Year New Dealer Website Supplier Emerges as a Competitive Advantage

String Automotive Started Providing Car Dealers with Websites 7 Years Ago... They have now grown and become a source of innovation and competitive advantage for Car Dealers. 
 
Recently, we have become aware of the…
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Added by DealerELITE on December 10, 2012 at 10:00pm — No Comments

Why CPOs Are a Great Choice For Many Women; New Ways to Market

The year is coming to a close and the used car business has had two of its best years. Dealers who want to continue to reap the benefits of this trend in 2013 are developing sales and marketing efforts around women, as they are now consuming $300 billion at new car dealerships. These sever topics should be a part of every sales discussion:

1. CPO Cars Lower The Risks Of Buying A Used Car & Avoid New Car Depreciation

When it comes to car buying, women…

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Added by Anne Fleming on December 10, 2012 at 4:30pm — 3 Comments

Five Key Used Vehicle Challenges in 2013 and Beyond

As we look forward to the coming year, I believe there will be five key challenges that confront every dealer in their used vehicle operations.

Challenge 1: Creating a vehicle segment-specific investment strategy. This means regarding each segment of vehicles (e.g., compact cars, SUVs, vans, etc.) as distinct classes of investment opportunities, and managing them as an investment manager would a client’s portfolio.

Challenge 2: Lower cost sourcing of vehicles.…

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Added by Dale Pollak on December 10, 2012 at 2:30pm — 6 Comments

How Online Customer Reviews Are Making Or Breaking You

What matters most to your car shoppers? Is it price? Depth of inventory? Maybe – but the Internet has nearly commoditized the auto business. Savvy customers will be able to find the car they want at the lowest price within a few seconds of searching. So where is the competitive edge that draws a buyer to one dealership but not another?

To find the answer, let’s try and…

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Added by Stephen Jackson on December 10, 2012 at 12:00pm — No Comments

Social Media Reputation: Making Social Media the Business Hub

This is Part 5 in a 5 part series. Please read the previous posts first or none of this will really make any sense.…

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Added by JD Rucker on December 7, 2012 at 9:00am — No Comments

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