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Two Troubling Trends For Tradition-Minded Dealers

July 28, 2015

This week’s Automotive News brings word that while dealers may be selling more new vehicles, they are making less money on the cars they retail…

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A Call For Reality In New Vehicle Incentives/Rebates and Pricing

July 17, 2015

I’ve been talking new cars with dealers lately, helping them create and navigate strategies for proper pricing in today’s market. Naturall…

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3 Ways To Drive Dealers To Discover Profitability Through Efficiency

July 14, 2015

  It’s time for a little truth-telling.…

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Cox Automotive’s Can-Do, Caring Spirit Really Shines

July 9, 2015

I couldn’t believe what I’d heard. I asked my assistant to read the e-mail again.…

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3 Reasons Efficiency Will Ultimately Drive New Car Profitability

June 24, 2015

It's probably not the best time to talk about problems in the new car business. After all, dealers have been enjoying what may go down in histor…

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When Should You Increase Your Inventory?

June 16, 2015

  Following is an email from a friend and customer about increasing his inventory as we enter the summer slowdown. Good afternoon Dale. Ho…

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3 Ways To Turn Your Average Inventory Cost Into Advantage

June 10, 2015

It’s becoming more critical for dealers to pay close attention to the average cost of their used vehicle inventory. I say this for three reaso…

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A Case Of One Step Forward, Two Steps Back

May 29, 2015

Mistakes happen in used vehicles. Simply put, there are too many things that could go wrong, for everything to always go right. That’s what ma…

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3 Ways To Boost Used Vehicle Profitability While Selling More Cars

May 28, 2015

  In its 2014 report on dealership financial performance, the National Automobile Dealers Association (NADA) highlights a disturbing trend…

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A Quick Look At Closing Ratios And “Closers”

May 22, 2015

I’ve been asked recently for benchmarks on closing ratios for dealers. The frequency of the question, I suspect, follows the fundamental chang…

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