Posts
If you Don’t Like What you’re Reaping, Sow Something Else!
We live in an age addicted to the defense, “it’s not my fault.” Consider these examples: In 2002, Edward Brewer sued Providence Hospital for $2 million. He claimed that the hospital was negligent because it had not prevented him from raping one
Oct 11, 2011
Does your Organization Need RISP?
The economy over the past few years have presented some pretty significant challenges to the sales and profitability side of the dealership business. Most dealerships responded to the 2008-2009 recession with an array of effective headcount reduction
Sep 29, 2011
Keeping the service “Time Bucket” full
Experience is the best teacher. One of the greatest benefits of the automotive industry is learning successful strategies from the veterans that have perfected those strategies. Although the dealership empire is very vast around the world, it is stil
Sep 26, 2011
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Dealer ManagementDealer/GM NewsDigital DealerLead Management & CRMPre-Owned Sales & Marketing StrategiesSales & Marketing
Dealership Daycare
Sometimes people need to be babysat. It happens. Inevitably someone will prioritize something (from attending a wedding to socializing on the showroom floor) over the basic duties asked of them at work, or assigned to them in their CRM. Your CRM is t
Sep 22, 2011
What is your Manufacturer’s Credit Score? You Should Know, it Matters
Dealers are exceptional at tracking their financials. They often recite from memory their monthly new car PVRs and net income, sometimes to the penny! They know their net to gross and net to sales ratios, as well as key balance sheet figures such as
Sep 22, 2011
The First Steps Toward Becoming a 10X Internet Dealership
Internet sales velocity comes from attacking process failure points. There are two that all too often occur just after arrival of a lead: failure to send a multi-vehicle price quote within 10 minutes, and failure to follow up with a phone call within
Sep 21, 2011
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Dealer ManagementDealer/GM NewsDigital DealerPre-Owned Sales & Marketing StrategiesSales & MarketingSales ManagementSales Strategies
Blue Collar Focus Results in Solid Gold Returns
Some 30 years ago, one of my best friends in the car business gave me the greatest advertising lesson of my life. “Appeal to those who don’t think they can afford a vehicle, and watch your grosses grow.” Another of his favorite sayings was “J
Sep 21, 2011
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Dealer ManagementDealer/GM NewsDigital DealerExpense ManagementFinance & Insurance NewsSales & MarketingSales ManagementSales Strategies
Manufacturer Advertising Requirements: What Can a Dealer do About Unreasonable Advertising Rules?
At Bass Sox Mercer, we are receiving more and more calls from dealer clients concerning manufacturer advertising programs. The questions range from asking whether a manufacturer can set minimum advertising prices, to whether a manufacturer can enforc
Sep 13, 2011
Do Higher Deductibles Equal Higher Premiums?
It’s peculiar that on the day I sit to write this insurance article, America is hit with a swarm of medium sized earthquakes in places where quakes are rarely reported. Plus a potentially large hurricane (Irene) has set sights on the southeast coas
Sep 9, 2011