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Two Ways To Find The “Sweet Spot” For Your Inventory Turn Rate

You might call it an annual rite—just as the tulips start to bloom I hear from dealers excited about the start of the spring selling season. This year is no different, as dealers wrapped up March with year-over-year records in used vehicle sales vo
May 2, 2014

Where Can You Find Sales Leadership? In the Mirror.

When it comes to being a sales manager in the automotive industry, there are three things we have to keep foremost in our minds. One — get up! If we don’t get up, how can we expect our sales staff to be there and be on time. Second — dr
May 2, 2014

What to Know Before You Repo: Answer These Questions First

As counsel for franchised and independent dealers across the U.S., I regularly get calls from clients about a bank “kicking back” a contract to the dealer due to default or lack of insurance. Before the dealer can repossess the car, he must ask t
May 2, 2014

Wal-Mart’s latest target: Auto insurance

Wal-Mart’s latest target: Auto insurance, from CNBC. With a reputation for passing savings along to consumers, Wal-Mart has long been known for slashing prices on apparel, electronics—and car insurance? On Wednesday, the world’s largest
May 2, 2014

The Most Popular Cars for People With Bad Credit

The most popular cars for people with bad credit, according to Credit.com. Most people put together a wish list of sorts before they head to a car dealership to buy a new set of wheels. It depends on your priorities, but you’re probably searching f
May 2, 2014

The Importance of Being Earnest: Why Honesty Pays Off for Auto Dealers

Do you remember Oscar Wilde’s famous play, The Importance of Being Earnest? Its main point is that living a double life is not an easy task and truth cannot stay hidden for too long. This holds even truer for auto dealers these days. Indeed, honest
May 2, 2014

Deadly GM Switch Spells Demise of Antiquated Ignition Key

Deadly GM switch spells demise of antiquated ignition key, according to Bloomberg. The furor over General Motors Co.’s (GM) deadly ignition switch has the potential to doom the antiquated car key, a technology drivers have been using — and co
Apr 28, 2014

Manufacturers brace for the used-car flood

Manufacturers brace for the used-car flood, according to Automotive News. The used-vehicle inventory drought is almost over. This year, according to Manheim projections, about 2.1 million off-lease vehicles will return to the market, up from 1.7 mill
Apr 25, 2014

Make Hidden Persuaders Work for You: Aroma, Music, Color, Font

Make hidden persuaders work for you, from Marketing Profs. Hidden persuaders influence what products are bought and how customers rate the shopping experience. They include aromas that increase spending, music that boosts profits, colors that enhance
Apr 24, 2014