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Dealer Currency Helps Grow Gross Revenue on Every Sale While Retaining Customers

I recently had the pleasure to work with a very innovative dealer who implemented the concept of “dealer currency” in his dealership with great success. Dealer currency allows you to eliminate cash discounts on sales (in both Variable & Fixed
May 27, 2015

5 Tips On Communicating More Effectively With Women

It’s just a fact of life in the automotive world: listening is essential! One of the key things we stress when training our Certified Female Friendly clients is developing great communication skills. Too often, when a woman visits a car dealer, tir
May 27, 2015

Focused Cost Reduction Strategy for Accelerated Bottom Line Impact

Because we are a spend management practice, we have the opportunity to review a lot of expense data and have a number of conversations with Dealerships in the auto and truck space. Those conversations often reinforce information that we are already a
May 26, 2015

Calm & Controlled Communications Secrets To Strengthening Your Team

A few years ago I was scuba diving in Bimini with a couple of buddies when we discovered a 45 foot long tunnel made of coral at 60 foot depth. The three of us gathered around the entrance, which was about four feet in diameter, pondering if we should
May 26, 2015

Sigma Payment Solutions integrates with Auto Master Systems DMS

Sigma becomes the first provider to offer pay-by-text and Interactive Voice Response (IVR) technology to Auto Master dealers and lenders. Fort Worth, TX – May 20, 2015 – Sigma Payment Solutions, the first and only auto loan payment processing pro
May 20, 2015

FIAT CEO: Apple is planning an ‘intervention’ in the car industry

Here’s yet another piece of evidence suggesting Apple is covertly developing an electric car: According to the CEO of Fiat Chrysler, Apple CEO Tim Cook is “interested in Apple’s intervention in the car.” First reported by Reut
May 19, 2015

Reynolds and Reynolds Acquires Another Co.

April 27, 2015 — So far this year, there have been eight acquisitions in the automotive retail vendor space, the latest deal being completed today by Reynolds and Reynolds. Today’s deal comes on the heels of last week’s announcement that Solera
May 19, 2015

GM hints at dealer bonus redesign

DETROIT — General Motors is in the home stretch of what executives call the most extensive makeover of a dealership network in automotive history. Though the requirements of the program rankled many dealers early on, the “multibillion-dol
May 19, 2015

Why One Auto-Dealer Believes in the Power of Pre-Roll Ads

Drew Ament believes in the power of video pre-roll, those ads before YouTube videos, to sell vehicles. Pre-roll ads typically cost a fraction of other advertising, including a dealer favorite, paying for click-throughs onGoogle searches, said Mr. Ame
May 19, 2015