Managing ELR and COS to Improve GPM on Customer-paid R.O. Sales
Wow, that’s a lot of acronyms, but you know what they all mean, right? Following are four
recommendations from John Gilbert, the Fixed Operations specialist with NCM’s Retail Operations division. To increase your effective labor rate (ELR), reduce your cost of sale (COS), and improve your gross profit margin (GPM) on customer-paid repair order (R.O.) sales:
Check…
Added by Garry House on July 10, 2012 at 10:00am — 1 Comment
As I’ve been connecting with dealers over the past six years I have noticed a trend that few people truly address.
Technology is killing the car business. Your CRM hasn’t made you more money than you made 10 years ago and neither has your current advertising.
Whew…that was harder than I thought.
Before you start ranting about all the ways that your CRM helps and all the reasons that advertisers are bleeding you dry, let me just say this: it’s not technology’s fault and…
ContinueAdded by Mathew Koenig on July 30, 2012 at 3:30pm — No Comments
"Let's have a meeting to discuss today's meeting"
Sounds redundant, but if you have ever worked for an automotive group, you've probably actually heard those words. Meetings after meetings. The sad thing about it is the meetings usually involve only management. Walk up to any tech and ask them how many hours they have for the week and they'll tell you up to the minute. Ask them what your gross profit objective is for the month, you'll probably get a blank stare. Usually the first tech meeting I have after coming into a store, I ask "What…
ContinueAdded by Jim Mahoney on July 27, 2012 at 8:10am — No Comments
That first day at the beach was always exciting. It was a TOO day. Too much food. Too much water. And way too much sun. It often made the second day at the beach a depressing stay in the house day. Everyone new you were burnt and would try to slap you on the back or grab your arm to watch you cringe. Yet, we did it every year because we knew the effects would only be temporary. In a couple of days the burn turned to a tan and then by vacation's end, you began to peel. It was as if…
ContinueAdded by John Fuhrman on July 30, 2012 at 10:30am — No Comments
An Open Letter to Google on Behalf of Automobile Dealerships
Dear Google:
You amaze and confound us daily. You have created an infrastructure, tools and resources for accessing and organizing information that the majority of people and businesses all over the world rely on every day. That is truly awe-inspiring. You are pulling search, social and reviews together in envelope-pushing ways.
Nevertheless, change and innovation are rarely universally embraced as you have experienced first hand. As the old saying goes – you can…
ContinueAdded by Kristen Judd on July 30, 2012 at 10:00am — No Comments
Google Adds Live Chat Engagement In Volkswagen USA Paid Search Ads
The world of paid search is never boring especially when Google has been testing new paid "ad units" for the automotive industry.
I wrote last month about the Google Advisor product (aka Google Cars) and now Google is testing an ad unit that includes LIVE CHAT powered by ActiveEngage.…
ContinueAdded by Brian Pasch on July 29, 2012 at 9:28pm — 3 Comments
Help Your Dealership Go for the Gold
Think your shot at living like an Olympian ended after your high school or college athletic career? Think again. Successful Olympic athletes employ a set of traits and techniques that you can still use to help market your car dealership. The elements that work together to create popular medalists, with thousands or millions of people rooting for them, can…
ContinueAdded by Jim Fitzpatrick on July 27, 2012 at 10:40am — No Comments
When Being Yellow Is A Bold and Brave Step
If you haven't noticed, about 14% of dealership website visitorsare coming on mobile devices with another 5% on tablets. Your numbers may vary slightly but dealers would be remiss if they did not take mobile shoppers seriously.
Google searches done on mobile phones have a different urgency compared to searches done on mobile devices. How do I know this?…
ContinueAdded by Brian Pasch on July 28, 2012 at 10:33am — No Comments
Improve Your Facebook Marketing With Facebook Insights
Facebook has had their analytics tool called, Facebook Insights, for a while now, and since its conception it has grown more and more complex. Insights are now able to show Facebook Page Admins all kinds of useful information which can be a huge help when trying to hone your…
Added by Timothy Martell on July 27, 2012 at 9:24am — No Comments
Keep Your Fans Excited from Beginning to End
This summer has been a series of ups and downs for the hockey fan in me. On July 4th, I got to see my hometown Minnesota Wild pick up the 2 best free agents on the market, along with a few solid core players. In the weeks that have passed, I’ve gone from figuring out where the championship parade would begin, to accepting that the NHL may be cancelled this year.
That’s classic Minnesota sports luck for you: Fans get hopeful and excited about a great team, then something gums up the…
ContinueAdded by Will Michaelson on July 26, 2012 at 2:00pm — No Comments
The Always-Connected Digital Lifestyle: Friend or Foe?
Check out this latest blog by Yasmine Syed of Potratz, as she talks all about the variations of technology users.
Information and communication technology users are as diverse as the range of technology available today. The Pew Research Center’s “Internet & American Life Project” divides technology users into two core groups: “Motivated by Mobility” and…
ContinueAdded by Paul Potratz on July 26, 2012 at 9:08am — No Comments
Social Media Rules SEO!
SEO is a like a clock, always shifting, and kept true by machinery fathomless to the general population. Even people who make a living learning these intricate machinations are, at best, constantly battling to stay relevant. The hidden algorithms utilized by search engines like Google keep us on our toes, demanding constant vigilance and supreme dedication to the craft.…
Added by Timothy Martell on July 26, 2012 at 9:42am — No Comments
The Game-Changing Google Program Auto Dealers Can’t Afford to Ignore
Google’s online ventures are usually anything but under the radar. Yet recently, in what may be a game-changing play, the search engine giant quietly entered the third-party lead provider business for car dealerships.
The beta version of Google Comparison Ads for Autos (which is unofficially being referred to as “Google Cars” within the industry) was launched to very little fanfare a few weeks ago in the San…
ContinueAdded by Arnold Tijerina on July 26, 2012 at 10:01am — No Comments
http://www.dealerelite.net/profiles/blogs/it-s-the-internet-manager-s-fault
http://dealeretraining.com/
Stan Sher of Dealer eTraining discusses the challenges that…
Added by Stan Sher on July 20, 2012 at 11:11pm — 4 Comments
To many times the same person talks 90 % of the time . Sales reps say the meetings are to long , little training or good info , more of a bitch session , and they are negative .
Meetings should be short and sweet . Twenty to thirty minutes most of the time . Have a planned training for the whole month that has others doing some of the training . The person doing the training should ask questions and answer questions .
Make fun a planned part of the training . Single out the…
ContinueAdded by Fran Taylor on July 25, 2012 at 8:45am — 6 Comments
Using Location-Based Social Media to Benefit your Dealership
Location-based social media opportunities are everywhere these days, and they’re soaring in popularity. For anyone not familiar, location-based applications allow users to find and “check in” at various spots and share that information with those in their network. There are standalone options like Foursquare, which dominates the field, and other platforms are trying to get into the game all the time. Another alternative is location features…
ContinueAdded by Jim Fitzpatrick on July 24, 2012 at 10:37am — No Comments
Bommarito Automotive Group E-Commerce Director Awarded AutoCon 2012 Scholarship Sponsored by TrueCar®
Matt Tucker, E-Commerce Director of Bommarito Automotive Group, Missouri’s #1 Auto Group, is one of twelve professionals…
ContinueAdded by DealerELITE on July 24, 2012 at 6:00pm — No Comments
Three Simple Ideas To Help You Sell More Vehicles TODAY
No matter where you look within your dealership there are always areas of opportunity and areas where client engagement can be amplified dramatically. It is very easy to get caught up in the day to day task and never look past what you have on your to do list TODAY. Taking that approach means that you are most likely…
ContinueAdded by Shawn Clos on July 24, 2012 at 3:30pm — 2 Comments
From the NCM Institute Blog: Are You Ready for a Disciplined Asset Management Process?
Several months ago, a long term client-dealer admitted to me that he was finally ready to drink the water from the horse trough that I’d been continually leading him to for the last 15 years. This dealer has always had a lot of financial resources, both business and personal. Because of these extensive resources, he never felt the need to become properly trained to truly understand his balance sheet or its importance. His was one of the balance sheets that I…Added by Garry House on July 24, 2012 at 3:08pm — No Comments
P-R-O-F-I-T is a 4 letter word!
Back in the 1970's, I cut my teeth in the car business pumping gas and being a mechanics (yes we were called mechanics then) helper. I learned quite a bit and it set the foundation for a wonderful career in the automotive industry.
One of my early lessons in customer service was provided by my old boss. Our oil change cost $9.95. A quart of oil cost about $1.10 back then. The store I worked at was an Exxon franchise. Now our customer could go into the chain supermarket right next…
ContinueAdded by Jim Mahoney on July 24, 2012 at 6:18am — No Comments
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