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The Price is Right… Right?
How Credit Soft-Pulls Can Save No-Sales and Turn Applications Into Handshakes Bringing a real-time soft pull credit pre-screen into your sales process can not only double your online conversion and dramatically increase your gross profit margins. If
Mar 4, 2014
What Wikipedia Can’t Tell You About Surety Bonds for Auto Dealerships
Do you know what a surety bond is? Despite their wide use, surety bonds remain a mystery for many dealers. Whether you are already licensed and running your auto dealership, or you are looking ahead to start one, you have probably heard of surety bon
Feb 28, 2014
Avoid Tax Penalties by Taking the Right Road
Dealership goes wrong direction on GPS units, according to Bradyware & Company. How does a dealership know if they should pay sales or use tax on items they include in the purchase of a new or used vehicle? An Indiana dealership had to pay back u
Feb 27, 2014
Carmakers Ramp Up Auto Lease Deals
Carmakers ramp up auto lease deals, according to The Detroit News. An estimated 3 million U.S. drivers will turn in leased vehicles this year, igniting competition among automakers eager to lease or sell them new ones, and providing a large pool of l
Feb 14, 2014
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Dealer ManagementDealer/GM NewsExpense ManagementF&I ManagementFinance & Insurance NewsPre-Owned Sales & Marketing Strategies
Would you Third Row Seating with your DMS?
A young couple is buying a new car. They have completed the negotiations and are about to sign the paperwork in F&I when their babysitter arrives and drops off their children. The F&I manager says “I had no idea you had three children,
Jan 31, 2014
Whose Eyes are on Your F&I?
Eyes from several different viewpoints, not all of them legitimate, are watching your F&I processes carefully. Some are looking for weaknesses they can exploit to steal information. Other eyes are watching for violations in the many regulations t
Jan 31, 2014
Trade Group To Recommend Changes to How U.S. Car Dealers Extend Loans
Trade group to recommend changes to how U.S. car dealers extend loans, according to The Wall Street Journal. A regulatory crackdown on potential discrimination in the $845 billion auto-lending market is prompting a key trade group to recommend change
Jan 29, 2014
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Dealer ManagementDealer/GM NewsExpense ManagementF&I ManagementFinance & Insurance NewsOwnershipSales & MarketingSales Management
High Car Loan Delinquencies Suggest Solid 2014 Sales for Automakers?
From Business to Community: High car loan delinquencies suggest solid 2014 sales for automakers? We expect American consumers to do a lot in this country; not least of which is to be the nation’s economic engine, after all, 70% of our gross domesti
Jan 21, 2014
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Body ShopDealer ManagementEveryoneF&I ManagementLeadershipMarketing StrategiesOwnershipSales Management
Tips to Increase your Dealership’s Bottom Line
Tips to increase your dealership’s bottom line, from Brady Ware. Increasing revenue is one approach to increase your dealership’s profitability. Lowering taxes or improving efficiency are other ways to increase your bottom line. Here’s an a
Jan 21, 2014