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Changing Times: A Call For A Money-Making Operational Mindset

April 16, 2019

If anyone needs evidence that car dealers can no longer simply sell cars to make money, I’d offer the following nuggets from the recently released,…

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ProfitTime in Practice: Pricing Used Cars Without a Calendar

April 5, 2019

It’s long been a best practice of Velocity dealers to review the prices of their used vehicles every day to ensure the prices fall within the top th…

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Understanding The New Math of Today’s Used Car Business

March 28, 2019

There was a time not long ago when selling used vehicles and making money were synonymous. Those were the days when you could take a used vehicle i…

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ProfitTime in Practice: The Right Time To Engineer Investment Value

March 19, 2019

One of the key benefits Provision ProfitTime offers dealers is the ability to appraise an auction or trade-in vehicle, enter a potential purchase pric…

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ProfitTime in Practice: Clarity Drives More Investment Value-Based Appraisals

March 11, 2019

Since the dawn of the used car business, it’s always been true that the retail fate and fortune of every used vehicle starts with the appraisal.…

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ProfitTime In Practice: Turning Two Initial Pricing Hurdles Into Opportunities

March 1, 2019

Note: The following is the first in what I intend to be an ongoing series that details best practices, key insights, lessons learned and retail re…

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A Sobering, Softer Start To 2019

February 22, 2019

I haven’t talked to a single dealer who’s happy about how they finished January at their stores. In some cases, February is looking a little be…

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Why Calendar Time and ProfitTime Don’t Mix

February 21, 2019

You’ve undoubtedly heard the phrase that oil and water don’t mix. If you try to mix them, the oil floats on the water. Each liquid stays separa…

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A Cloud Covering This Year’s Tax Season Lift in Used Vehicles?

February 13, 2019

Around this time every year, I hear dealers and used vehicle managers acquiring additional inventory in anticipation of buyers with tax refunds lookin…

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