As automakers continue to grapple with pandemic-related supply-chain disruptions, including the global semiconductor shortage and factory and assembly plant lockdowns, auto dealers are also facing empty dealerships and a lack of both new and used car inventories. Since May of 2021, new-vehicle days' … [Read more...]
What the Homebody Economy Means for Small Businesses
The pandemic was a driving force in necessitating individuals to stay at home. However, some of those habits initially borne out of caution have become permanent fixtures. One of the most drastic changes that resulted from people spending more time at home was a dramatic increase in online shopping, … [Read more...]
3 Lessons the Layoffs at Carvana Can Teach us About Running a Dealership
Over the last two years, the automotive industry has experienced a great deal of turbulence, weathering many challenges, including auto parts shortages, supply chain issues, and fluctuating consumer demand. Although many shoppers are turning to online car buying, all-time-high car prices and … [Read more...]
Are You Buying the Best Swag Items for Employees?
Rewards and recognition are powerful tools for employee retention. Retaining employees is a critical component of business success, and employees who feel valued and appreciated are more motivated to continue performing well in their jobs. Company swag is a great way to recognize employees for their … [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...]
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