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Another OEM Dealer Network Plan – Another Challenge for Dealers

Ford’s new plan for Lincoln Here we go again. Another manufacturer plan for its dealer network that invariably leads to more dealers being strong-armed into spending money or giving up their franchise. As of the date I write this column, Ford has a
Nov 1, 2010
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Reverse Alchemy — Tips to Avoid Becoming an Empty Lot

Since manufacturers are only building on demand, are you aware that you could probably pile up all the gold in the world solely on the empty spots in your new car lot? The reason why gold is so valuable is because the total supply of world gold could
Nov 1, 2010
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SMAART Objectives for 2011 Planning and Execution

Now is the perfect time to begin planning for expense reductions in 2011 if you haven’t already done so. From the supplier and expense side of your business, if you are like most dealers, you have the following facts to contend with: Active managem
Nov 1, 2010
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Get Focused on More Effective Advertising

As we head into the holiday season, this is the perfect time to get focused on creating a more effective advertising message and media plan. I’d like to suggest a two-pronged program that will help you define both: focus groups and message manageme
Nov 1, 2010
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Secrets of the Best Automotive Sales Consultants

Being in the industry for 26 years, I’ve had the privilege of talking to, working alongside with and managing some of the best sales people in country. Through the years, I’ve compiled a list of the common characteristics of this elite class of p
Nov 1, 2010
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Pay Attention to Your BSometer

Imagine playing golf in pitch dark. The acrylic golf ball has a glow stick running through the middle. This hard plastic ball flies substantially less than the normal Titleist. On the good side, as long as your shot isn’t in the woods or the lake,
Nov 1, 2010
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Share Your Second Sense

As we all know, we wouldn’t be where we are if we weren’t good at something. If you’re like me, you probably have one good thing that you do better than most anyone else. And, if you’re really like me, then you have no trouble telling anyone
Nov 1, 2010
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Translate Customer Buying Motivations into Scheduled Appointments and Sales

With so much focus on generating leads for your dealership, it’s important to recognize that success isn’t measured by the number of leads generated. As always, the bottom line literally is the bottom line; the number of cars sold and total profi
Nov 1, 2010
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Social Networking: The Gift of Friendship?

Close your eyes. Right now. Close your eyes. Okay, open them. I just realized you wouldn’t be able to read the rest of the instructions. After you close your eyes, I want you to put yourself in the shoes of your customers. Share their mindset. I kn
Nov 1, 2010