If there’s a better way to do something…
it’s gotta be done.
Two Troubling Trends For Tradition-Minded Dealers
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…
A Call For Reality In New Vehicle Incentives/Rebates and Pricing
I’ve been talking new cars with dealers lately, helping them create and navigate strategies for proper pricing in today’s market. Naturall…
3 Ways To Drive Dealers To Discover Profitability Through Efficiency
It’s time for a little truth-telling.…
Cox Automotive’s Can-Do, Caring Spirit Really Shines
I couldn’t believe what I’d heard. I asked my assistant to read the e-mail again.…
3 Reasons Efficiency Will Ultimately Drive New Car Profitability
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…
When Should You Increase Your Inventory?
Following is an email from a friend and customer about increasing his inventory as we enter the summer slowdown. Good afternoon Dale. Ho…
3 Ways To Turn Your Average Inventory Cost Into Advantage
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…
A Case Of One Step Forward, Two Steps Back
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…
3 Ways To Boost Used Vehicle Profitability While Selling More Cars
In its 2014 report on dealership financial performance, the National Automobile Dealers Association (NADA) highlights a disturbing trend…
A Quick Look At Closing Ratios And “Closers”
I’ve been asked recently for benchmarks on closing ratios for dealers. The frequency of the question, I suspect, follows the fundamental chang…