If there’s a better way to do something…
it’s gotta be done.
A Universal Used Vehicle Problem—Inverted, Irrational Pricing
Heading into NADA, I wondered how dealers would respond when they saw their used vehicle pricing presented to them through the investment-based lens t…
NADA Day 3: Factory Moves, A Stocking Problem and a Fond Farewell
Several themes emerged in conversations with dealers at NADA that suggest future strain on their factory partner relationships. Beyond the OEM effo…
NADA Day 2: EVs, F&I Pressure, Stability and an Opportunity
Not so long ago, some observers questioned whether dealers would want to sell and support the rise of electric vehicles (EVs) given their long-standin…
NADA Day 1: A Busy, Optimistic, Discipline-Minded Day with Dealers
I’ll be taking home a new term that I learned in the first of my two workshops here at NADA—“learning journey.” It came from a dealer durin…
Super-Excited to See Dealers in Dallas for NADA 2023
Like a saddle bronc in the chute, I’m chomping at the bit for this year’s NADA convention in Dallas. As many of you know, I get excited as NADA…
Inventory Write-Downs: A New Year Rite That Isn’t Right
Every January, some dealers exercise their right to an annual rite—the financial write-down of used vehicle inventory they have in stock as the cale…
An Ongoing Gross Deception That’s Growing—Moving Cars Between Stores
I’m seeing a correlation between the current and pre-pandemic market in the way dealers with multiple rooftops are managing their used vehicle inven…
A New Reality in 2023: More Variability in the Used Vehicle Market
It’s fair to say that many dealers experienced and saw things in used vehicles during the past year that ran counter to traditional wisdom. In th…
A Return of Margin Compression? Yes, But Not Necessarily
I’ve been struck by how often the term “margin compression” has come up in recent conversations with dealers. Interestingly, dealers aren’t…
ProfitTime GPS in Practice: A Big Difference Between Two Dealer Groups
I’ve been talking to a lot of dealers lately about how they’re doing in used vehicles. Often, I’m in these conversations because a dealer’s be…