Trending Auto Retail News
Is Customer Retention More Important Than Customer Acquisition?
From QueenCityMedia: Is customer retention more important than customer acquisition? Often times, businesses place too much focus on acquiring new customers rather than nurturing and retaining the clients that they already have. With the ever-rising cost of customer...
Vehicle-to-Vehicle Communication Could Revolutionize Car Insurance
Vehicle-to-vehicle communication could revolutionize car insurance, according to Main St. Vehicle-to-vehicle (V2V) communications will not only revolutionize how consumers drive as more cars communicate with each other, it will also speed up the adoption of...
The United States Of Used Cars
The United States of used cars, from The Car Connection. There are more than 250 million used cars on the road in the United States and every year, close to 40 million of those used cars change hands. Used-car sales volumes typically dwarf new-car sales. But how does...
Manheim Creates New Global RMS Enterprise Software Business; Announces Key Leadership Changes
To further strengthen its leadership team and role in the global automotive marketplace, Manheim announced today that it has created Global Remarketing Management System (Global RMS), a new enterprise software business. Nick Peluso has been named as Global RMS...
Car Loans Are Unbelievably Cheap Right Now
Car loans are unbelievably cheap right now, according to Time Business & Money. 2014 is predicted to be a big year for car sales, and the cost of financing one is dirt-cheap right now. A new study from personal finance site WalletHub.com shows how much the major...
Dealertrack Technologies Reports Fourth Quarter and Full Year 2013 Financial Results
Dealertrack Technologies, Inc. (NASDAQ: TRAK) today reported financial results for the fourth quarter and year ended December 31, 2013. GAAP Results for the Fourth Quarter 2013 Revenue for the quarter was $126.1 million, as compared to $101.8 million for 2012. GAAP...
The Most Important Element for Increasing Leads and Sales
The most important element for increasing leads and sales, according to Marketing Profs. We've witnessed a spate of recent articles proclaiming the "consumerization" of all things business—the consumerization of sales, of IT, and of business-to-business (B2B)...
Car Dealer Writes 10,000 Personal Letters To Each Customer… Kind of!
Car dealer writes 10,000 personal letter to each customer, according to Todd Vowell. The best part about today’s professionally executed automotive direct mail marketing is using advanced complex variable data with highly targeted Geo and Demographics (like Year,...
The Importance of Keeping the End Goal in Sight in Social Media Strategic Planning
The importance of keeping the end goal in sight in social media strategic planning, from Socialmedia Today. I read an article by Tom Keene recently titled ‘2014: Social Media Descends to 35 Feet’. I had to read it a couple of times (it's a little bit abstract), but...
Auto Dealer Technology Specialist: A Secret Gem in Any Car Dealership
A secret gem in any car dealership, according to Bryant Surety Bonds, Inc. Let’s face it- everything is smart in 2014. We all own a smartphone, smartwatches are on the rise, even our TVs can do more than you’d expect. Cars are no different. And thus, a problem is...
Is Michigan in Another Auto Bubble?
From Bridge MI: Is Michigan in another auto bubble? Sales remain brisk, gas prices are stable, auto loans are readily available and auto industry executives are as upbeat about the future as the Detroit Tigers heading into spring training. Sounds like conditions that...
The Importance of the Up-sell and How To Do It!
The importance of the up-sell and how to do it, according to Auto Scheduler Advantage. Up-selling on big items is the best way for a dealership to make a profit. Extra products and extended warranties are good examples of high margin products that can make a sale more...
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