If there’s a better way to do something…
it’s gotta be done.
E-Commerce Update: “Self-Service” Auto Financing In Five Years?
I had a fascinating conversation the other day with Pete Radike, director of product management for Fiserv, a Wisconsin-based company that proces…
A Look Ahead At The Future, And Why Velocity Matters Today
A recent report from the Roland Berger strategy consulting firm discussed challenges for auto dealers and manufacturers in the year ahead. The f…
Four Operational Challenges for Dealers To Address In 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…
Handling The “Ominous” Nature Of This Year’s New Car Market
An article in this week’s…
A Dealer’s Guide To Improving Reconditioning Expenses
I constantly remind dealers that their reconditioning process likely represents one of the greatest opportunities for gross profit improvement. S…
From The Field: What’s The Best Way To Bonus For Appraisals?
I received the following question from a dealer looking for insights to provide incentives for managers that would put more “on the mon…
Why Car Dealerships Are Turning Into Coffee Shops
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…
3 Reasons Transparency Is Fast Becoming The Trump Card For Today’s Buyers
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…
The Other Side Of Dealer Mark-Ups And Their “Disparate Impact”
This week’s Automotive News includes an…
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 na…