Running a successful automotive dealership isn’t always about offering the best car deals. Instead, growing your car dealership requires a complex set of skills. Particularly in the last few years, dealerships have had to become more creative to keep those sales numbers up and keep customers … [Read more...]
What Used Car Prices Can Teach Us About The Economy
Rising car prices and higher interest rates make it much harder for many Americans to buy a new vehicle than in years past. According to a new report, demand for used vehicles will likely continue rising as many consumers turn away from the new car market. However, as consumers have shifted their … [Read more...]
How Fixed Ops Can Enhance Profitability & Sustainability for Your Automotive Dealership
Car dealerships are complex businesses relying on two key profit areas: variable and fixed ops. Variable operations usually refer to car sales, which typically have a lot of volatile variables. On the other hand, fixed operations, an industry term for the parts and service departments, are much … [Read more...]
Online vs. In-Person Auto Buying: What’s a Dealer to Do?
Car buyer expectations are changing, with consumers valuing experiences that are more personalized and convenient. Speed, ease of use, and convenience are all valued traits associated with online buying while viewing the vehicle in person, and taking it for a test drive remain key reasons for … [Read more...]
3 Ways to Instill Confidence at Your Auto Dealership
Between automakers halting production in their factories and showrooms having to temporarily close, the COVID-19 pandemic has thrown a wrench in the automotive industry. Now, as auto dealers are looking to drive customers back to their showrooms, the focus is on protecting staff and the public, and … [Read more...]