If there’s a better way to do something…
it’s gotta be done.
3 Opportunity Costs You Should Consider Trimming
As more dealers think of ways to adjust to today’s margin-compressed environment, cutting costs becomes a primary topic of conversation, if not deci…
Margin Compression Takes A Bite—How Will You Bite Back?
For many dealers, margin compression in used vehicles has been a bit like a leaky water line. The truth is, the line’s been slowly dripping for y…
NADA Day 3: Final Thoughts On A Great Convention
I heard that there were more than 100 new products offered and promoted through press releases at this year’s NADA—almost double the number from l…
NADA Day 2: A Telling Conversation and Other Nuggets
I had the honor and privilege of spending time this week with Thomas “Mack” McLarty, a highly successful third-generation dealer from Arkansas who…
NADA Day 1: Four Themes To Consider
I took a fair amount of notes during the American Financial Services Association’s annual conference, and Automotive News Retail Forum events here i…
An Emphasis On Efficiency, Innovation at NADA
I’m ready for NADA. Are you? I’ve been asking that question, along with a follow-up—what are you ready for? The answers I’ve gleaned fro…
Part 2: 4 Ways To Mitigate Margin Compression
If today’s used vehicle market was a house, it’d have a serious structural problem. Let’s say the house had eight-foot ceilings 10 years ago.…
Part One: A Troubling Tradition-Minded Trend To Avoid
In the past few weeks, I’ve noticed a troubling trend in dealers’ used vehicle inventories. The inventory turn rates at these dealers is slowin…
Temptation Abounds. Will You Bite?
‘Tis the season for temptation in used vehicles.…
Four Key Resolutions To Improve Used Vehicle Performance
A new year brings much discussion about goals, resolutions and to-dos. That’s certainly the case with a lot of dealers, judging from conversation…