Declining Margins and Increased Supply Is Putting Pressure on Inventory Financing
By Kevin Donovan
With Fourth of July incentive pricing still upon us, most new- and used-car dealers seem to have weathered the worst of the...
Mobile Business Platforms: Necessity Or Convenience For Dealerships?
Business intelligence platforms are essential for companies; they help analyze and mine data, predict future statistics and assist in setting/altering KPIs (key performance indicators), among other tasks.
Artificial Intelligence Homes in on Customers at the ‘Ready to Buy’ Moment
By Al Bredenberg
Right now, auto dealerships are tightening their belts, and with good reason. With many showrooms closed, digital sales and “contactless” delivery are...
Video Walkarounds Help Dealers Move Inventory
By Al Bredenberg, Senior Writer
“The customer and I had been corresponding via email for about two days,” said a Volvo salesperson in Alexandria, Va....
Variable Cost to Market Best Practices
Understanding How to Embrace & Anticipate Changes in Your Market
By Desiree Homer
The variable cost to market is a key performance indicator that tends to...
Are You Delivering on Your Messaging Promises?
by Kerry Dowling
One of the first acts of most businesses in response to the global pandemic was customer messaging. This was especially true of...
Inventory & the Art of Group Mind Reading
by Kathryn Pomroy
To the consumer, dealer inventory is very personal. If within a 100-mile radius, a consumer finds a dozen vehicles that somewhat match...
What Can Dealerships Be Doing Right Now?
By Desiree Homer
Keeping the Engagement & Revenue Channels Open
How’s your dealership holding up right now? There’s a lot you can’t do. Whether your state...
Used Electric Vehicles: Retailers Gear Up for the Remarketing Challenge
by Al Bredenberg, Senior Writer
U.S. dealerships already struggle with selling electric cars, which make up a small but growing portion of inventory in the...
How Can Dealerships Take Advantage of Small Business Saturday?
Even though Small Business Saturday tends to focus on the mom-and-pop shops with 10 or fewer employees, it really could be seen as a matter of perspective because dealerships have a similar setup, just on a larger scale
The Hertz Bankruptcy Effect
by Desiree Homer
A Deeper Dive Into the Emerging Market
During Episode 48 of the Dealer News Today podcast series, Dave Cantin spoke with Zo Rahim from...
A Hybrid Way to An Electric Future
By Amy Corr, Featured Writer
It’s been more than 20 years since hybrid vehicles hit the marketplace. Like anything new, education was, and remains, key....
Presidents Day Car Advertising: Entertaining But Ineffective
By Amy Corr
When did Presidents Day, the holiday formerly known as Washington’s Birthday, become synonymous with car buying? Dealerships that Dealer News Today spoke...
Schwartz: Backsliding is Not an Option
by Kerry Dowling
If you’re reading this, I think it’s safe to say you know the name Sandy Schwartz.
An industry leader and CEO of Cox...
Dealerships Learn to Fix the Sluggish Recon Operation (and Stop Bleeding Money)
The recon process often consists of many moving parts, especially when outside vendors and contractors are involved
Could There Be A Cash for Clunkers Comeback?
Ford Expects Government Talks That Would Benefit Dealers & Car Buyers Alike
By Desiree Homer
Right now, Ford is making ventilators and face shields to aid...
The Generation Gap That Threatens Dealership Service Operations
by Kevin Donovan
There is a perfect storm brewing in the American labor market that’s posing particular problems for auto-dealer service and maintenance operations. Mechanics...
Year End Sales Review: A Fresh Take on Old KPIs
By Desiree Homer
With 2019 officially in the rearview mirror, you’ve probably had a good look at the data to review just how well your...
Put Down That Lead Generation Crack
by Tracey Schelmetic
In the earliest days of the consumer Internet, users often counted themselves lucky to receive an email response from a company within...
Maximizing Used Car Profit
By Kathryn Pomroy
Generally, dealers make more money selling used cars than new. For the ninth consecutive year, 2019 is showing a continued upward trend...
Diversifying Your Workforce
By Maggie McBride
Every business has a stake in the community around them, from counting on them to patronize your dealership, to being members of...
Do Sports Drive Auto Sales?
by Adam Rapp
We are already a week away from July which means that Summer is in full swing. We are also halfway through baseball...
Adjusting to the Post-Cash for Clunkers Market
By Desiree Homer
Remembering the frenzy that was and discussing the industry best practices since
There’s not an industry that wasn’t affected by what many called...
Marketing In a Pandemic
By Maggie McBride
The onset of COVID19 has seen unprecedented times. Skyrocketing layoffs, record unemployment, financial insecurity across all sectors and employees- it all adds...
What Local Dealerships Can Learn From The Rise Of Craft Beer Companies
by Amy Corr
How many small businesses reside in your town? How many have gone out of business? With the convenience of Amazon Prime and...
Year End Marketing Review: Locating the Moving Target
By Maggie McBride
Now that 2020 is officially here, there certainly is a lot for dealerships to consider and strategize around for the months ahead,...
Follow the Data
by Adam Rapp
As though we need more evidence of our crazy times, Hertz was actually doing pretty well as recently as March. However, as...
Finish the Year Strong: Brilliant Ideas & Best Practices
By Desiree Homer
As you head into the fourth quarter, surely you have your eye on year-end objectives. Perhaps the year so far has been...
CarSaver at Walmart Hits the Road Running
By Kathryn Pomroy
In 2016, CarSaver launched an online marketplace meant to revolutionize the way the world buys cars. Then, in 2017, retail giant Walmart...
“It’s A Difficult Time of Reflection”
by Tracey Schelmetic
Cox Automotive CEO Sandy Schwartz: “It’s A Difficult Time of Reflection”
While there’s a lot to disagree about in 2020, most companies...