AutoSuccessOnline

NOVEMBER 6, 2024

Effective inventory risk management is key for a dealership’s success in today’s digitally driven automotive world. A prevalent strategy among dealers is to utilize price markdowns, dealer trades and extended warranty offers to manage inventory carryover. Notably, 40% of dealers apply price markdowns on a weekly basis.

Retail 40

Retail Management Extended Warranty Technology 40

Carscoops

MAY 9, 2024

Several signs point to the automotive market, or at least certain sections of it such as EVs, is cooling off a little bit, and Nissan is feeling the brunt of it. According to Cox Automotive, vehicles on Nissan dealer lots are sitting there for around 98 days before buyers snap them up.

Extended Warranty 105

Extended Warranty MSRP Retail Finance 105

Dealer World

SEPTEMBER 17, 2024

This task is fraught with challenges that can directly impact profitability, customer satisfaction, and overall operational efficiency. The majority of dealers (18%) manage inventory carryover with price markdowns, dealer trades, and extended warranty offers, followed by 16% conducting aggressive marketing campaigns.

Retail 89

Retail Extended Warranty Manufacturing Technology 89

Dealer World

JUNE 13, 2024

A REAL CUSTOMER’S PERSPECTIVE What you need to know most about your customers is why they choose to purchase… and why they don’t. Since mystery shoppers pose as real customers, they get an honest look at how your sales team manages the experience. Every single one of these is essential to a healthy, growing business.

Sales 93

Sales Extended Warranty Sales Goals Dealerships 93

Shawn Ryder

JANUARY 27, 2025

In the dynamic world of automotive sales, dealerships often encounter various challenges related to customer service. Understanding the differences between these concepts can help dealers navigate customer interactions more effectively, ensuring compliance while maximizing customer satisfaction and sales performance.

Customer 52

Customer Extended Warranty Insurance Dealerships 52

Motor Trader

JANUARY 13, 2025

Mobile Mock Ups – Landscape – 6 Warranty Solutions Group (WSG) has struck a deal with Bumper to use its up front interest-free car payment service for customers. Over the past few months, WSG has been piloting Bumpers PayLater solution for customers renewing their warranty.

Finance 52

Finance Extended Warranty Manufacturing Deal 52

Turbo Marketing Solutions

APRIL 9, 2024

This helps dealerships enhance transparency and accuracy in pricing, leading to better customer satisfaction and improved returns on investment How AI is Revolutionizing the Automotive Pricing Process In the past, deciding on a price for a car was a long and labor-intensive process. But today, AI is changing this entire process.

Automotive 52

Automotive Finance Customer Deal 52

Shawn Ryder

JANUARY 22, 2025

The Breakdown: Understanding Add-Ons and Backend Products Add-ons and backend products can consist of various components including vehicle service contracts, extended warranties, rustproofing, paint protection, and aftermarket enhancements. Extended Warranty $1,500 Covered repairs and peace of mind.

Extended Warranty 52

Extended Warranty Repairing Modification Deal 52

Dealer Inspire

FEBRUARY 21, 2023

1 Cars.com Consumer Metrics, Q4 2022 Much of the car buying process has moved online the past decade, but customers still have to go through a different process to secure the financing needed to complete the purchase. No more waiting for your customers to respond and never-ending games of phone tag. That’s right.

Automotive 52

Automotive Finance Retail Extended Warranty 52

Shawn Ryder

JANUARY 19, 2025

In the competitive landscape of automotive sales, dealerships face the challenge of offering appealing packages to consumers. By identifying effective strategies for integrating optional add-ons, car dealerships can significantly enhance customer satisfaction and boost sales.

Extended Warranty 52

Extended Warranty Finance ROI Dealerships 52

Canadian Auto Dealer

JULY 9, 2024

“With this strategic investment in Clutch, we are adding online sales as a new product distribution channel to our current extensive network of automotive dealer services,” said Pierre Miron, Executive Vice-President and Chief Growth Officer Canadian Operations at iA Financial Group, in a statement.

Extended Warranty 52

Extended Warranty Insurance Sales Networking 52

Drive.com

APRIL 8, 2024

The used electric car market in Australia is still in its infancy but growing steadily, according to 2023 data from automotive insights company AutoGrab. According to data shared by Autograb and the Australian Automotive Dealers Association (AADA), used EVs more than two years old see a substantial drop in their retained resell value.

Repairing 111

Repairing Insurance Extended Warranty Manufacturing 111

Shawn Ryder

JANUARY 19, 2025

Cars that qualify for CPO status typically come with extended warranties and additional perks, such as complimentary maintenance services or roadside assistance. Dealerships routinely provide this information to their customers, highlighting transparency in the buying process.

Extended Warranty 52

Extended Warranty Pre-Qualify Dealerships Finance 52

Auto Alert

JULY 22, 2024

Helping customers discover their dream car is deeply fulfilling, but the journey can often be complex. If you’ve encountered hesitation from customers after investing significant effort, we’re here to assist you in overcoming these challenges and boosting your car sales with proven strategies.

Deal 59

Deal Sales Extended Warranty Finance 59

Shawn Ryder

FEBRUARY 23, 2025

In today’s fast-paced digital landscape, automotive dealerships in Sherman, Illinois face unprecedented challenges and opportunities. Leveraging digital marketing effectively can dramatically change the trajectory of local car sales and customer engagement. ” This approach ensures you attract the right target audience.

Dealerships 52

Dealerships Extended Warranty Marketing Customer 52

Auto Alert

AUGUST 8, 2024

AI-Powered Chatbots for Dealerships | Work Smarter Discover how AI-powered chatbots enhance customer service, schedule appointments, and automatically boost sales for car dealerships. Extraordinary customer service and efficient operations are key to staying competitive, especially in the automotive industry.

Dealerships 64

Dealerships Pre-Qualify Extended Warranty Finance 64

AutoSuccessOnline

SEPTEMBER 16, 2024

Vehicle Service & Warranty Lifecycle Summit Series is back, poised to bring together leading automotive, powersport, bus, truck, construction and agricultural OEMs, parts and equipment suppliers, their retailers, dealers, distributors, logistics and services providers for networking, benchmarking and insights.

Supply Chain 52

Supply Chain Logistics Extended Warranty Networking 52

Shawn Ryder

JANUARY 15, 2024

Introduction In the competitive automotive industry, maximizing your car dealership’s potential is key to success. The Sales Team The sales team plays an integral role in driving revenue and customer satisfaction. The Sales Team The sales team plays an integral role in driving revenue and customer satisfaction.

Extended Warranty 59

Extended Warranty Dealerships Finance Manufacturing 59

Drive.com

AUGUST 29, 2024

A new incomer has usurped the crown for the longest warranty coverage in Australia, but other brands are still looking to compete. But which brands are ahead of the race when it comes to the longest warranties on offer? We are listening to our customers. We find out.

Extended Warranty 75

Extended Warranty Manufacturing Networking Retail 75

Shawn Ryder

JANUARY 25, 2025

In this article, well explore these components in depth, offering insights and actionable strategies for achieving financial success in automotive sales. Generally, commissions in automotive sales can vary significantly based on the dealership’s policies, the car model sold, and your sales performance.

Sales 52

Sales Extended Warranty Dealerships Networking 52

AutoRaptor

APRIL 23, 2024

In the competitive world of automotive sales, having a skilled and knowledgeable Finance and Insurance (F&I) Manager can make all the difference. This includes keeping abreast of new financial products and services that can benefit customers and increase sales.

Management 52

Management Finance Extended Warranty Insurance 52

AutoSuccessOnline

SEPTEMBER 20, 2024

This task is fraught with challenges that can directly impact profitability, customer satisfaction and overall operational efficiency. The majority of dealers (18%) manage inventory carryover with price markdowns, dealer trades and extended warranty offers, followed by 16% conducting aggressive marketing campaigns.

Extended Warranty 52

Extended Warranty Retail Management Technology 52

Shawn Ryder

JANUARY 13, 2024

Introduction Car dealerships are a crucial part of the automotive industry. Look for candidates with a proven track record in sales and a deep understanding of the automotive industry. The automotive industry is constantly evolving, and sales consultants need to stay updated on the latest trends and technologies.

Extended Warranty 52

Extended Warranty Consulting Dealerships Customer 52

Shawn Ryder

JANUARY 18, 2025

Optional Add-ons: Costs for any extras you may select, such as extended warranties, paint protection, or aftermarket accessories. Consult Customer Reviews: Feedback from other buyers regarding their transactions can offer insight into the buying experience at particular dealerships. This will provide a baseline for negotiation.

Extended Warranty 52

Extended Warranty Fair Market Value Rebate Finance Rate 52

Car Examer

JANUARY 25, 2024

Used car dealerships play a vital role in the automotive industry, offering a wide array of pre-owned vehicles to consumers. Negotiation Dynamics: Negotiation is a fundamental aspect of used car sales, and the ability to strike favorable deals with customers affects the ultimate profitability.

Extended Warranty 59

Extended Warranty Finance Insurance Manufacturing 59

Shawn Ryder

FEBRUARY 7, 2024

The automotive industry is rife with specific terminology that can be confusing to the uninitiated. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. In automotive terms, it refers to the interest rate for your car loan.

Gap Insurance 40

Gap Insurance Term Extended Warranty Insurance 40

Drive.com

MAY 27, 2024

“I’ll only speak to the business because [the] private market is a wild, wild west,” Industry Policy Advisor from the Victorian Automotive Chamber of Commerce (VACC) , Mike McKenna told Drive. Drive spoke to industry professionals to discuss what buyers should consider when deciding where to buy their next used vehicle.

Dealerships 71

Dealerships Extended Warranty Marketing Manufacturing 71

Automotive Mastermind

SEPTEMBER 16, 2022

The ongoing conversations surrounding unexpected shifts in the automotive industry are not likely to slow down anytime soon. By analyzing how the automotive industry has evolved, dealership managers can better train their sales team and, in turn, ensure upward trending sales for the future.

Supply Chain 52

Supply Chain Retail Extended Warranty Dealerships 52

Auto Alert

FEBRUARY 20, 2025

Customers are looking for dealerships to provide them with the complete package. When your processes are in place and your team is on board to make the customer experience part of your dealership strategy, youll end up with happy customers who want to come back and share the great service theyve received.

Dealerships 59

Dealerships Extended Warranty Customer Technology 59

Automotive Mastermind

DECEMBER 15, 2023

The future of the automotive retail industry is undergoing a significant transformation, ultimately changing how dealerships operate and communicate with customers. This suggests a lack of inventory isn’t the primary factor currently motivating customers to switch brands or dealers.

Dealerships 52

Dealerships Retail Extended Warranty Buyer 52

Autosoft

MARCH 25, 2024

Unleashing the Potential of Your Dealership’s F&I Department March 25, 2024 Bryce Veon 7 mins read Within automotive sales, the Finance and Insurance (F&I) department holds a crucial position, impacting both profitability and customer satisfaction. By prioritizing customer satisfaction , you can cultivate loyal customers.

Insurance 52

Insurance Gap Insurance Finance Extended Warranty 52

Automotive Mastermind

NOVEMBER 3, 2023

As we approach 2024, it’s more crucial than ever for dealerships to stay ahead of the curve when it comes to knowing their customers. Buying behaviors, preferences, and product mixes are changing and new customer types are emerging. auto dealers. According to S&P Global Mobility , the average age of light vehicles hit 12.5

Buyer 52

Buyer Extended Warranty Dealerships Repairing 52

Shawn Ryder

JANUARY 13, 2024

These professionals are the face of your business, and their knowledge, skills, and expertise directly impact your sales and customer satisfaction levels. Job Positions Sales Consultant A sales consultant is typically the first point of contact for customers visiting your dealership.

Sales 52

Sales Mileage Limit Extended Warranty Finance 52

Shawn Ryder

JANUARY 17, 2025

Additional Unnecessary Costs: Services like extended warranties or add-on packages might be pushed aggressively, even if they are not necessary for your purchase. Deferred Maintenance: Some dealerships may neglect to inform customers about pending service needs or refinancing options that could reduce costs.

Dealerships 52

Dealerships Finance Banking Extended Warranty 52

CarExpert

MARCH 22, 2024

MORE: Everything Isuzu Ute Kia Standard warranty: Seven years, unlimited kilometres Longest warranty: As above Kia changed the automotive landscape when it introduced the seven-year warranty back in 2014, setting the standard for customer support in Australia.

Manufacturing 98

Manufacturing Extended Warranty Networking Buyer 98

Autosoft

APRIL 11, 2024

Reading Time: 5 minutes 10 Ways to Unleash the Potential of Your Dealership’s F&I Department April 11, 2024 Within automotive sales, the Finance and Insurance (F&I) department holds a crucial position, impacting both profitability and customer satisfaction. Let’s have a look at the top 10 strategies: 1.

Insurance 52

Insurance Gap Insurance Finance Extended Warranty 52

Drive.com

JULY 26, 2024

Drive sat down with Michael McKenna, the Industry Policy Advisor of the Victorian Automotive Chamber of Commerce (VACC) , to learn about the ins-and-outs of demo cars and what consumers need to know before purchasing. Service loan cars are used as loan vehicles for customers whose own car is being serviced at the dealership.

Manufacturing 61

Manufacturing Extended Warranty Retail Dealerships 61