Joe Tareen
  • Dallas, TX
  • United States
  • Drive Alliance, LLC
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Joe Tareen's Discussions

Need a list of cost cutting ideas for a dealership.

Started this discussion. Last reply by Shawn Case Nov 1, 2012. 20 Replies

Hello All,I need feedback on how best to cut cost at our dealership. A top ten list or link to a web source will greatly be appreciated!Best RegardsJoe TareenContinue

Shop productivity and Revenue Optimization

Started this discussion. Last reply by Clarence Weizenbach Mar 13, 2011. 1 Reply

I would like to know your thoughts on how we can improve service shop productivity and increase revenue opportunities?

Tags: Tareen, Shops, Joe, Ops, fixed

Fixed Ops professionals at the NADA

Started Jan 21, 2011 0 Replies

Hello Ladies and Gentlemen My name is Joe Tareen and I am the President and CEO of a start up company called Drive Alliance out of Dallas, Texas. Here is our mission statement:For all OEM franchised…Continue

Tags: Drive, Alliance, NADA, Tareen, Joe

Honda abandons Fuel Cell technology for Hybrid.

Started Jul 20, 2010 0 Replies

Here is an interesting link about Honda finally giving up on it's quest to be the pioneer on hydrogen being as the fuel source of the future. As someone who has worked for Honda in the past and…Continue

Tags: Tareen, EV, Joe, Hybrid, Fuel

 

Joe Tareen's Page

Latest Activity

Shawn Case replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"I have recently found that printing full page window stickers alone can cost some dealers over $1.50 each! I know we print on a new printer, Xerox ColorQube 8570, which only costs us about fifty cents or so per page.  Last week at Digital…"
Nov 1, 2012
Don McEwen replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"When it comes to cutting expenses in a Dealership there is no question that educating your managers will have the biggest impact. This might sound silly because managers know the numbers, right? I recently attended a 3 day Fixed Ops financial…"
Oct 19, 2012
George O'Sullivan replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"In 2008 when we and everyone was retrenching, we called EVERY vendor that we did business with.  We told each vendor that we have to cut costs across the board by 20%, any vendor willing to cut their current costs by that amount would…"
Oct 18, 2012
Doug Davis replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"Leonard, good to see a fixed operations guy enter the conversation. Though, different departments, I think that we view things in a similar fashion. I recently was working with a couple of Lexus stores where the newer store was nearly 100% absorbed…"
Oct 15, 2012
Leonard Buchholz replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"Great question Joe. And there are a lot of good ideas here. Having looked at quite a few dealers in the past few years, I can tell you that most go for the "easy stuff" (eliminate a position, cut back on paper towels) and not so much for…"
Oct 15, 2012
Doug Davis replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"Tom, Managers that fall below the GSM level are not usually tasked with P&L responsibility.  Throughout the month, they are looking at how many "Xs" and average gross.   They make purchasing decisions based on an…"
Oct 15, 2012
Big Tom LaPointe replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"I don't disagree with you, but if TruCar's claim to 4600 stores (25% of dealers) is correct, there are a boatload dealers that fit your description. A critical ROI analysis should reveal trucar as a huge expenditure, but may LOOK LIKE it…"
Oct 15, 2012
Doug Davis replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"Tom,  I named the three largest variable expenses because that is where the real money is.   I would suggest that any dealer that is spending that kind of money on a parasitic organization like TrueCar needs to learn how to market…"
Oct 15, 2012
Big Tom LaPointe replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"This is kind of an expansion on maximizing ROI on internet marketing from Doug Davis above, but I know of dealers cutting $5-10k per month by performing a detailed MONTHLY audit of the TRUCAR bill  - digging into CRM can reveal if they were…"
Oct 15, 2012
Joe Tareen's discussion was featured

Need a list of cost cutting ideas for a dealership.

Hello All,I need feedback on how best to cut cost at our dealership. A top ten list or link to a web source will greatly be appreciated!Best RegardsJoe TareenSee More
Oct 13, 2012
Joe Tareen and William Robb are now friends
Oct 13, 2012
Joe Tareen replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"Thanks."
Oct 13, 2012
Joe Tareen replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"I agree with you wholeheartedly"
Oct 13, 2012
Joe Tareen replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"Great comment. Thanks!"
Oct 13, 2012
Doug Davis replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"Being on this site, I assume that you are looking at reducing costs from an Internet Director's position. I am going to further assume that you have a good internet department that produces at least 50 percent of your business with…"
Oct 13, 2012
Tony Provost replied to Joe Tareen's discussion Need a list of cost cutting ideas for a dealership.
"We structure our stores around 12,000 dollars of production per employee. We also, have to bring a minimum of 1350 per delivery to the bottom line. Very challenging in our current market."
Oct 13, 2012

Profile Information

Which best describes you?
Vendor Partner
What company do you work for (or own)?
Drive Alliance, LLC
What is your current position within your organization?
Principal
What is your company website?
http://www.thedrivealliance.com
What is your Facebook page/URL?
Reynolds and Reynolds
ADP">http://John Eagle Honda
Reynolds and ...
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http://Email
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Linkedin
Not everyone gets approved for DealerELITE. To maintain the integrity of DealerELITE, tell us what you will have to offer once a dealerELITE member?
We are developing a revenue/productivity optimization solution for the Auto dealerships specifically for the Fixed Ops department. We are a start up company and are eager to learn from industry professionals and dealers themselves in order to best serve our clients.

Joe Tareen's Blog

The Impending Tsunami of Customer Defections from New Car Dealers and the Role of the Internet.

Posted on June 21, 2011 at 8:00pm 0 Comments

Many new car dealers know that something is not right with their service departments or for that matter with their dealership business model as a whole. Customer loss rates are at all time high, "Right To Repair" legislation is seemingly hanging over like a "sword of Damocles" and profits margins are shrinking across the board. I bet in almost every franchised new car dealership, management meetings are being held to discuss how to tackle these challenges and I can imagine the nature of some…

Continue

An end-to-end multi-solution Service platform: Request for Industry comments

Posted on February 10, 2011 at 12:00pm 0 Comments

                                                

  

The Pain

 

Nation wide, OEM franchised service centers continue to loose hundreds of thousands of dollars worth of revenue everyday. Some service centers may be letting go as much revenue as they are generating, without even realizing the enormity of the loss.

 

Through our market research and with a substantial number of Repair Order Revenue Gap…

Continue

NADA 2011

Posted on February 7, 2011 at 4:37pm 0 Comments

My message of creating Revenue Management based software for Fixed Ops resonated well with some major players at the NADA. Never been so excited to be working on this project then I am now. Many dealers are not looking for bells and whistles they are looking for a solid end-to-end solution that not only improves their profits margins but also their internal operational processes. Isn't that the main objective of achieving total business optimization? Stay tuned for some great news and… Continue

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At 8:27am on February 8, 2011, Leonard Buchholz said…
Likwise. Hope you had a great show.

PollDaddy

 
 
 

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