If there’s a better way to do something…
it’s gotta be done.
4 Misunderstandings About Price In Today’s Auto Retail Market
Old beliefs and habits definitely die hard. Take the way many dealers still think about their new and used vehicle prices: Dealers contr…
A Sign of New Vehicle Inventory Imbalances
I had an old rule of thumb when I was a dealer: You could get a bead on new vehicle inventory imbalances by the number of full-page ads in the Chicago…
How The Little Things Determine Your Car Business Success
“It’s life by a thousand little things, or death by a thousand cuts.” A dealer recently shared this line as we were discussing how the…
A Manager’s View Of A Volatile Used Vehicle Market
I had an eye-opening conversation the other day with used vehicle manager Jim Mason of Steven Toyota, Harrisonburg, VA. We were discussing how the…
A Longer-Term View Of Digital Retailing For Dealers
Dealers often have an "all or nothing" view of digital retailing. That is, to them, digital retailing represents the full monte of selling a new or…
Dispatches From Down Under: A Great Trip Comes Full Circle
The other evening I had “a parma and pot.” To explain, I was in a pub to take in a most quintessentially Australian experience. I was there to…
Dispatches From Down Under: Dealers Hungry For Insights
It’s easy to teach when your students want to learn. That’s a primary take-away from my meetings with dealers in Sydney and Brisbane—the firs…
Dissecting The Elements Of Velocity Down Under
I’m excited to embark tomorrow on a very unique trip. I’ll be spending two weeks in Australia, helping dealers there better understand the Velo…
What’s Your Course Correction In New Cars?
I imagine there have been a lot of long faces on dealers as they reviewed their financial statements from last month. Not only did many dealers see…
3 Keys To Increase Your New/Used Vehicle Throughput and Profitability
We’ve arrived at an interesting time for retail sales of new and used vehicles. Both sides of the business face a market supply/demand imbalance,…