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A Dealer’s Guide To Improving Reconditioning Expenses

February 11, 2014

I constantly remind dealers that their reconditioning process likely represents one of the greatest opportunities for gross profit improvement. S…

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From The Field: What’s The Best Way To Bonus For Appraisals?

February 10, 2014

  I received the following question from a dealer looking for insights to provide incentives for managers that would put more “on the mon…

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Why Car Dealerships Are Turning Into Coffee Shops

February 7, 2014

Here’s a really relevant article that I came across written by Geoff Day: Need a recommendation for the trendiest eatery around? If you are lo…

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3 Reasons Transparency Is Fast Becoming The Trump Card For Today’s Buyers

February 6, 2014

A colleague of mine recently purchased a 2014 Subaru Outback from a local dealer. He ended up using TrueCar to give him confidence in the price h…

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The Other Side Of Dealer Mark-Ups And Their “Disparate Impact”

February 4, 2014

This week’s Automotive News includes an…

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3 Ways Used Vehicle Best Practices Will Shape New Car Retailing

January 30, 2014

I’ve long believed that there is a key difference between new and used vehicle shoppers. The difference boils down to this: After they’ve na…

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NADA Wrap-Up: An Amazing Convention With 5 Key Take-Aways

January 28, 2014

I trust everyone was able to make it home safe and sound from the National Automobile Dealers Association (NADA) convention in New Orleans.…

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NADA Day 2: A Special Dealer, His Team Pay It Forward With Their Partners

January 27, 2014

Every dealer understands the importance of relationships in the car business. This is particularly true when it comes to customers. It’s the r…

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NADA Day 1: Dealers Commit To New Vehicle Pricing Transparency

January 26, 2014

Wow. Compared to the National Automobile Dealers Association’s (NADA) last convention in New Orleans, this year’s event could be called “ga…

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