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F&I to the rescue: How F&I products provide relief to customers amidst inflation, and opportunities for dealerships

2022-11-15T00:39:52+00:00

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 to buy a vehicle. As per Kelly Blue Book data, the average price of new vehicle prices increased by 12% from July last year, and used vehicle prices have gone

F&I to the rescue: How F&I products provide relief to customers amidst inflation, and opportunities for dealerships2022-11-15T00:39:52+00:00

One barrier that dealers need to overcome to hire and retain the right talent

2022-09-22T18:00:30+00:00

  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 process for a good reason. Recruiting the wrong fit for an important role can be a huge inconvenience. Not to mention, a potentially significant waste of time, money, and

One barrier that dealers need to overcome to hire and retain the right talent2022-09-22T18:00:30+00:00

5 Key Qualities to Transform Great Managers to Great Leaders

2022-08-16T00:39:08+00:00

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 contribute toward success. Though it is a role some tussle to uphold, it can be mastered. If you're a current or aspiring manager, it's crucial to focus on good leadership

5 Key Qualities to Transform Great Managers to Great Leaders2022-08-16T00:39:08+00:00

Successfully Deal With High Employee Turnover in Dealerships and Retain Your Top Performers

2022-06-28T16:05:12+00:00

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 challenging. The turnover eats into dealers' profits, and impacts revenue in many ways, including wasted time, resources, and training costs. In addition, the improper fit delivers poor customer experience and

Successfully Deal With High Employee Turnover in Dealerships and Retain Your Top Performers2022-06-28T16:05:12+00:00

Sales and F&I Teamwork Win Championships

2022-06-03T18:47:48+00:00

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 dealer clients, the discussion kicked around why it is critical to have a team where all players fit best together and not be separated like oil and water. Bringing the

Sales and F&I Teamwork Win Championships2022-06-03T18:47:48+00:00

Can I afford this car? Don’t let your shoppers stop at this question—help them afford it.

2022-05-11T03:12:39+00:00

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 enormous influence on the safety and performance of an automobile. Making sure you don't drive on a flat tire is key to vehicle performance and so is keeping a close

Can I afford this car? Don’t let your shoppers stop at this question—help them afford it.2022-05-11T03:12:39+00:00

Common Dealership Challenges—and Solutions

2022-04-18T21:43:27+00:00

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 find the desired vehicle, providing them with the necessary information, or managing objections is a significant part of one's routine. In addition, dealership teams manage many low-key tasks essential to

Common Dealership Challenges—and Solutions2022-04-18T21:43:27+00:00

F&I Manager tips and best practices to successfully turn your department into a profit center

2022-03-22T17:51:40+00:00

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 plays a critical role in overall F&I profitability. Well managed interactions allow F&I managers to properly assess their customers' needs in relation to their driving behaviors to match them with

F&I Manager tips and best practices to successfully turn your department into a profit center2022-03-22T17:51:40+00:00

9 Reasons Why Professional Training is Essential for Your Dealership Success

2022-02-24T18:46:55+00:00

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 their staff contributes to the store's profitability and success. There is no single formula to achieving that. However, professional dealership training plays a crucial role in attaining mutual growth and

9 Reasons Why Professional Training is Essential for Your Dealership Success2022-02-24T18:46:55+00:00

Strategies to increase dealership profitability most dealerships overlook

2022-02-15T20:51:51+00:00

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 an edge over other players in the auto retail industry and influence your dealership profitability in a positive way. Before we dive deeper into the three key strategies to improve

Strategies to increase dealership profitability most dealerships overlook2022-02-15T20:51:51+00:00
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