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Auto Retail News

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Quick Reconditioning Spurs More Sales at Higher Profits

When I’m asked to analyze a dealership’s vehicle reconditioning department, it’s quickly apparent from my performance-report review who is running the show.
May 24, 2016
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Labor Department Publishes New Overtime Regulations

On Wednesday, the U.S. Department of Labor published its final rule updating overtime regulations under the Fair Labor Standards Act (FLSA), which, according to the department, will automatically extend
May 24, 2016
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Turning NO Into YES; Tips on Running F&I Like a Boss!

Those who have been in the auto industry for any length of time know this to be true: “No” doesn’t necessarily mean “no.” When a salesperson takes on an enthusiastic and assertive frame of mind, turning
May 24, 2016
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Plan Ahead "The Box" is Dead!

The fact that we still refer to F&I departments as “The Box” is archaic, but its nothing compared to the tactics we used to extract money from our customers.
May 24, 2016
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Open Leases Hit New High of $76.9B

Experian Automotive reported on Thursday that open leases originated during the first quarter grew by 27.55 percent to an all-time high of $76.9 billion, up from $73.1 billion spotted during the previous year.
May 24, 2016
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Recall Impact on CPO Vehicle Marketing

With the millions of recalls in the pipeline nowadays, compliance expert Randy Henrick contends dealerships find themselves in “a difficult situation,” especially in light of how the Federal Trade Commission
May 24, 2016
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Can’t Get Through to Your Audience? 3 Strategies to Get a Reaction

To understand how RST works and how people can be divided based on their reactions, you can make use of a personality questionnaire. One such questionnaire is Corr-Cooper Reinforcement Sensitivity
May 24, 2016
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Car-Wash Technology Turns Stores Into Profit Center

For the auto dealer, the embodiment of a “necessary evil” is the business’ car wash. Or, if that term is too strong, let’s call it a necessary “nuisance.” Usually tucked into the back corner of the dealership’s
May 24, 2016
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Shedding Light on Facebook Dark Posts

As mobile buying grows, social advertising seems to be moving at the speed of light. Facebook naturally has led much of the way in innovation, giving advertisers a whole host of new tools and insights.
May 23, 2016