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Motivating Prospective Successors
Many of you have kids in high school, college or who have just entered the workforce. As you see them grow and mature, you have dreams of them working for the family business. But now that your children are getting older and your dreams of them joini
Dec 17, 2013
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Dealer ManagementDealer/GM NewsF&I ManagementFinance & Insurance NewsOwnershipPre-Owned Sales & Marketing StrategiesSales & Marketing
Are Buyers Liars?
As long as I have been in the car business, I’ve heard Salespeople and Managers jokingly use the cliché “Buyer’s are liars.” When I ask them when they believe buyers are liars, they all respond with the same answer, “When their lips are mo
Dec 13, 2013
The Big 5 of your DMS – Report Writers
There was a time when price was the biggest decision factor in selecting a new DMS system. For many dealers, their choices were limited to the two big DMS providers because those two were the only ones that had full factory integration. Dealers have
Dec 13, 2013
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Dealer ManagementInventory ManagementMarketing StrategiesOwnershipPre-Owned Sales & Marketing StrategiesSales Management
3 Ways Used Vehicle Best Practices Will Shape New Car Retailing
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 narrowed their vehicle shopping list, new vehicle shoppers start hunting for the best deal. They understand
Dec 13, 2013
3 Secrets to Professional Success
3 secrets to professional success, according to Ragan.com. The best Christmas gift I could receive is hearing I no longer have to turn off my phone or iPad during takeoff and landing on a plane. Merry Christmas to me! While my flight was preparing fo
Dec 3, 2013
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Dealer ManagementDealer/GM NewsInventory ManagementOwnershipPre-Owned Sales & Marketing StrategiesSales & Marketing
November Mid-Month Update: Used Vehicle Depreciation Slows Considerably
November mid-month update from NADA. After diving by 3.5% on a prior month basis in October, used vehicle depreciation eased up substantially over the first half of November with prices falling by 1.2%, a figure in line with NADA’s full-month targe
Nov 22, 2013
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Body ShopDealer ManagementDealer/GM NewsFixed Operations NewsLeadershipOwnershipPre-Owned Sales & Marketing StrategiesService
What is Your Higher Purpose, Your Noble Mission? Part 2
Last month’s article generated such good feedback that I decided to devote another one to the same topic. The takeaway from my September article was that money doesn’t motivate everyone. Oh sure, money is important, but most people also want to k
Nov 22, 2013
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Body ShopDealer/GM NewsFixed Operations NewsLeadershipOwnershipPre-Owned Sales & Marketing StrategiesService
Processes and the Strength of your Fixed Operations
As an overall view of Service, Parts, and Body Shops, many managers struggle with attaining the desired results as because they simply don’t have strong enough processes. Having been a Fixed Operations Director, I understand how this can happen. At
Nov 22, 2013
It’s the Management, Stupid!
“You want Loyd to do what? Jim, are you gone-to-the-grape?” asked Dr. Merlot, my friendly yet kooky sidekick, with disbelief. “For the last five years you have been deploying a plan to purchase your dad’s stock and recruit tal
Nov 19, 2013