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Service Opportunities Increase with Trucks, SUVs, and Crossovers
Americans are buying more trucks, SUVs, and crossovers than cars. This is not breaking news, but rather a phenomenon that has been trending for several years. Reasons vary depending on who you ask, but on a personal level, I’ve only owned two cars
May 29, 2019
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Beware of the Terms of Your OEM’s Approval of a Franchise Relocation Request
Dealers are required to seek the approval of their manufacturer in order to relocate their franchise to a more desirable location. In most states, the manufacturer has full discretion as to whether to approve or deny that request. In some states, the
May 29, 2019
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Supplier Consolidation= Higher Prices= More Profit Challenges
Profits are being challenged right now. Margin compression is very real for most dealerships. Expenses are growing faster than sales. And with all of this going on dealers have to face another set of challenges. Price creep, arrogance, complacency…
May 29, 2019
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The Four Levels of Accountability
There are four levels of accountability in any organization and within the departments of that organization. And while each department, and the organization itself, is normally a blend of all four levels depending on the time of the month, the leader
May 29, 2019
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MOTOR INFORMATION SYSTEMS RELEASES NEW WHITE PAPER THAT SHOWS HOW TO CREATE MORE OE PARTS DEMAND
Data Providers Can Help Expand Opportunities for Mechanical Wholesale & Collision Wholesale Programs TROY, Mich. (May 29, 2019) – MOTOR Information Systems, one of the world’s premier suppliers of automotive data and a trusted partner of lead
May 29, 2019
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Mainstream Cars, Crossovers, and Pickups Retain Strength
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 report. This week’s Market Insights Rep
May 29, 2019
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Increase Lease Penetration Rates to Combat Shrinking Profit Margins
As profit margins continue to shrink on new vehicles, what’s your strategy to make up some of that lost profit? I’ve talked with dealers who are pushing more extras like extended warranties, buying more leads or hiring more staff. But we all know
May 29, 2019
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Why Are Good Employees Leaving Your Dealership? 5 Things You Can Do About It
One of the key struggles I continue to hear about from dealers is the inability to attract and retain employees. Turnover has become a normal part of the industry, but many sources report employees aren’t leaving for better pay – they’re lookin
May 29, 2019
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KPA Announces Chris Fanning as Chief Executive Officer
Technology Industry Veteran to Lead Company Through Next Phase of Growth Lafayette, CO – May 29, 2019 – KPA, a leading provider of Environmental Health & Safety (EHS), HR Management and Finance & Insurance compliance software and serv
May 29, 2019