The automotive landscape is shifting due to affordability, increasing interest rates, and supply chain issues. The average age of cars and light vehicles in operation
In the ever-changing world of automotive sales, the road to success is full of twists and turns. As we navigate further into 2023, the automobile
In a challenging financial landscape, the impact of rising interest rates on F&I (Finance and Insurance) departments of dealerships cannot be overstated. Recent data from
From boom to basics: the shift in focus to increase car sales Recent years have witnessed a shift in the auto sales market, transitioning from
The automotive landscape has witnessed a remarkable growth in the number of sweet spot vehicles in operation. These vehicles, typically 6 to 12 years old,
The start of the second quarter brings with it a new beginning and greater possibilities. As we move further into 2023, it’s essential to take
The retail auto industry has undergone significant changes over the past few years, including shifts in consumer behavior, supply chain disruptions, and technological advancements
In today’s rapidly changing automotive market, it’s crucial for dealerships to keep a close watch on industry trends and find new ways to increase profitability.
Don’t use the success of the past to address the challenges of the future of car dealerships. Innovative tools and strategies for a changing market.
Inflation remains high despite prices cooling in July and August. In addition, rising interest rates indirectly increase the cost of borrowing, making it more expensive
Hiring the right person is critical to optimizing success in every department of your dealership. We put a lot of time and resources into the
Great dealerships need great leaders Leadership is a word we often hear—simply put, it is an individual’s ability to influence, motivate, and enable others to
Employee turnover in dealerships is a long-standing challenge. A COX report states that 72% of franchised dealers say finding and hiring the right employee is
Quality has no substitute: Don’t build a system in which mediocrity is rewarded Sales and F&I teamwork: In a meeting with one of our long-associated
Market conditions and affordability Understanding your consumers and their buying behavior is as important as keeping an eye on your vehicle tires. Tires have an
Dealership life is certainly not monotonous. Dealership personnel comes across new opportunities, challenges, and prospects to close the deals and meet sales goals. Assisting customers
The F&I (Finance and Insurance) department is often the last phase of the vehicle buying process. Strategic interaction between the F&I Manager and the customer
Why professional dealership training is critical for your success One of the core responsibilities of dealership leaders is to hire great people to ensure that
Understanding the auto industry and trends in 2022-23 to increase dealership profitability Tracking the automotive market and key trends in 2022-23 could help you gain
The inventory shortage took center stage in the automotive industry in 2021. As the chip supplies are loosening up, the worst of empty-lot situation is
How to find the right dealer reinsurance provider and profit-sharing program that works for the Dealer’s best interest to generate wealth and financial security. One
You have worked hard all year to navigate inventory limitations and manage consumer demand. With Christmas around the corner, most of us are preparing for
Tips for recruiting and retaining the right talent in your dealership, and manage labor shortage Hiring and retention in auto industry Economic data indicates that
The road to dealership success is constructed with proper hiring practices, employee development, and retention. Dealership employee development and proper hiring is an investment that
Market, car sales trend, and dealership profitability influenced by inventory shortage and high prices New vehicle sales for September 2021 are expected to decline 25%,
The average age of cars and light trucks in the US rises to 12.1 years. What does it mean for your dealership? Americans are keeping
Implement these strategies now to boost dealership sales and thank us later. Every business wants to grow more, succeed, and increase profit. Dealerships are no
GAP claims are rising. What products are you offering? How are they going to impact you and your customers?. GAP claim are rising: The influencing
5 strategies to improve your dealership from being good to great Greatness is not a function of circumstance. Greatness, it turns out, is largely a
Get deep insights into your potential customers through this marketing tool for dealerships. Have you heard of the saying, there are no traffic jams along
The automotive industry is still under uncertainty. Chip shortage due to the use of silicon in COVID vaccines and an uptick in demand due to
Affordability declined to a new low New car prices are at recorded high. As per the COX Automotive and Moody’s analytics, new vehicle affordability declined
What do top performing dealerships have in common? No two dealers are exactly the same in terms of their business and management style. Every dealership
Finding and hiring the right people for the job is a challenging task As the businesses return to normal and the Fed is pumping money
Tips, Tools, and Strategies to Earn Customers’ Trust and Gain Positive Reviews The role of transparency, ethics and compliance in improving F&I and cars sales:
Your weekly checklist to become an exceptional F&I manager or director and reap the rewards. F&I managers weekly checklist to stay on track and profitable:
Are you taking care of your mental, physical, and professional health? Balancing job growth and health of F&I manager: As they say, with great power
A shift in the auto market The used-car market is booming, making it an opportune time to offer valuable F&I products to the consumers. The
Your guide to increasing customer satisfaction index (CSI) and revenue of your car dealership. Consistent customer experience and CSI score in the car dealership Your
Hiring and retaining the right employee at your dealership Hiring and retaining the right employees is a challenging task. While the challenge is not a
Transform your mindset to accelerate results. The relation between success and the right mindset When a person goes into a job to achieve some definition
The chronicles of a galaxy far, far away are filled with nuggets of worthy lessons for your F&I department. There are plenty of reasons why
Get ready to discover practical techniques and tips to close more deals faster. You may or may not have heard about the paradox of choice,
The advantages of F&I training or Finance and Insurance professional training for dealerships staff Finance and Insurance (F&I) managers work directly with consumers, so their
The automotive industry is changing fast for many dealers and their bottom lines. Therefore, to grow your dealership profit, you need strategy for your finance
Understanding the auto industry and trends in 2021-22 to increase dealership profitability The auto industry is expected to witness double-digit growth in 2021, as per
