The road to dealership success is constructed with proper hiring practices, employee development, and retention. It is an investment that will deliver tremendous benefits. Without a doubt, you have given it a thought and strived to raise employee efficiency and retain them for longer. However, what if you had a proven method to identify
Market and car sales trend influenced by inventory shortage and high prices New vehicle sales for September 2021 are expected to decline 25%, hurt by a shortage in inventory even as consumer spending remains strong, reported JD Power and LMC Automotive in a joint forecast. "September results show that there are simply not enough
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 their vehicles longer The average age of cars hit a little over 12 years. While the average age of the vehicles has risen steadily over the last 15 years,
Implement these strategies now to boost dealership sales and thank us later. A sketch of a person on the steps, moving towards a light bulb that shows progression and success. Every business wants to grow more, succeed, and increase profit. Dealerships are no different when it comes to profitability. Yet, there is
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 factors GAP claims are designed to protect consumers by paying the difference or the gap between the value of a vehicle at the time it is totaled. That is,
5 strategies to improve your dealership from being good to greatGreatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice and discipline— James C. Collins.Transform and improve your dealership from being good to great:Every dealership strives to grow profits, and they have their own set of approaches
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 extra mile?This is exactly what this new gear could do for you. The digital, AI-powered tool gets insights into your customers like no one else does so that you could
One thing you should learn from Carvana 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 a rise in wages and stimulus checks is drastically impacting the industry. So much so that Production is not able to keep
Affordability declined to a new lowNew car prices are at recorded high. As per the COX Automotive and Moody's analytics, new vehicle affordability declined to a new low on the affordability index this June. In other words, weeks of income needed to buy a new light vehicle rose to 37 weeks compared to 35.5 in
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 has its own culture, environment, set of traits, and mindsets that dealers and their employees bring in. All those factors greatly influence the success of the dealership. Some dealers focus on
