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E-Commerce Update: “Self-Service” Auto Financing In Five Years?

March 4, 2014

I had a fascinating conversation the other day with Pete Radike, director of product management for Fiserv, a Wisconsin-based company that proces…

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A Look Ahead At The Future, And Why Velocity Matters Today

February 20, 2014

A recent report from the Roland Berger strategy consulting firm discussed challenges for auto dealers and manufacturers in the year ahead. The f…

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Four Operational Challenges for Dealers To Address In 2014

February 14, 2014

If I were to offer a two-word outlook for the coming year it would be, “cautiously optimistic.” Don’t get me wrong. I think 2014 will be a…

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A Dealer’s Guide To Improving Reconditioning Expenses

February 11, 2014

I constantly remind dealers that their reconditioning process likely represents one of the greatest opportunities for gross profit improvement. S…

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From The Field: What’s The Best Way To Bonus For Appraisals?

February 10, 2014

  I received the following question from a dealer looking for insights to provide incentives for managers that would put more “on the mon…

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Why Car Dealerships Are Turning Into Coffee Shops

February 7, 2014

Here’s a really relevant article that I came across written by Geoff Day: Need a recommendation for the trendiest eatery around? If you are lo…

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3 Reasons Transparency Is Fast Becoming The Trump Card For Today’s Buyers

February 6, 2014

A colleague of mine recently purchased a 2014 Subaru Outback from a local dealer. He ended up using TrueCar to give him confidence in the price h…

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The Other Side Of Dealer Mark-Ups And Their “Disparate Impact”

February 4, 2014

This week’s Automotive News includes an…

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3 Ways Used Vehicle Best Practices Will Shape New Car Retailing

January 30, 2014

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 na…

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