Looking Beyond Your Own Headlights: How Profit-Driving Partners Can Help Boost Your Profitability in Today’s Market

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. As such, the expertise of  strategic auto dealership consultants can be invaluable in navigating these challenges. A recent research report highlights the decline in vehicle

February 15th, 2023|

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

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

November 8th, 2022|

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

  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

September 22nd, 2022|

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

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

June 28th, 2022|

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

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

May 11th, 2022|

Common Dealership Challenges—and Solutions

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

April 18th, 2022|

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

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

March 16th, 2022|
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