If there’s a better way to do something…
it’s gotta be done.
Why Retail Used Vehicle Prices Won’t Rise Like Wholesale Values
Last week, I shared a post that outlined a somewhat odd moment in the used vehicle market, wherein wholesale values have risen steadily for the past t…
An End of the Month Gross Profit Reckoning in Used Vehicles?
I have a suspicion that the month of August will look pretty good for dealers as far as used vehicle sales volume, but their month-end gross profit ta…
An Empathy-based Approach for Customers with Negative Equity
One of the most persistent topics of conversation with dealers of late has been the difficulty they experience working with customers who want to trad…
Pointers to Help You Play in Today’s Challenged CPO Market
A recent report from Cox Automotive highlights a pain point many dealers will know all too well—if you want to stock one- to three-year-old vehicles…
How “Variable Management” is Moving to New Vehicles
Regular readers of my blog know I’ve embraced a “Variable Management” strategy for used vehicles and built a software system, ProfitTime GPS, to…
ProfitTime GPS in Practice: ‘Start Small’ to Adopt ROI-Minded Used Vehicle Management
Tim Hlavenka, national sales director for the Rick Case Auto Group, says the adoption of ProfitTime GPS and the ROI-minded Variable Management strateg…
A View of the Rising Cost of Trade-in Appraisal “Bumps”
As I work with dealers, I’m seeing the return of a practice that largely went away in the past few years as dealers were hungry for new vehicle inve…
Three Reasons Automated Used Vehicle Pricing is a Bad Idea
I’ve run into a consistent theme in recent conversations with dealers: What do you make of systems that automatically price used vehicles? The qu…
Are Your Used Vehicle Prices Right for the Current Market?
With April in the books, I thought I’d take a moment to highlight a feature of the current used vehicle market that, judging from recent conversatio…
Rethinking the “Right”-ness of Your Used Vehicle Inventory
Over the past several weeks, it’s become clear to me that many dealers need to think more deeply about the composition of their used vehicle invento…