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With a 25% tariff being imposed on all imported vehicles, dealer principals must rethink their long-term strategies. The case for immediate succession planning Given these conditions, dealer principals will be smart to assess whether now is the right time to capitalize on their success and exit. Confidentiality is key.
100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. “We thank our customers for their patience as we deal with the situation. Browse now.
100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Magma Racing will be supported by Hyundai Motorsport, the body responsible for managing the global race and rally activities for Hyundai Motor Group. Browse now.
Effortless Sales Management for Small Dealerships with Autosoft DMS February 12, 2025 Michael White 4 mins read Revolutionizing Sales for Small Dealerships With Autosoft Small auto dealerships dont often have the employee count to easily handle all aspects of managing an auto sales business.
In October 2023, Cyril Dorsaz, then principal product manager at Porsche Digital in the US, highlighted the downside of Apple CarPlay, telling Ars Technica: "You have to switch back and forth to control some features around media, for example, some more specific features around climate. What does Apple get out of the deal?
Based on the data and feedback from our thriving partners, here are five steps for dealing with the next lockdown market. Go Digital The move to digital shopping, servicing, and even inventory management is changing. Your dealership depends on data from your DMS to manage everything from payroll to parts inventory to Tech Time.
This not only makes your monthly payments more manageable but also ensures that a significant portion of your payment goes towards reducing the principal amount. Explore Manufacturer Financing Deals Many automakers offer special financing deals, especially on certified pre-owned vehicles.
Sarah Kennedy, BLS manager and leader of the technology to market deployment, said the collaboration represents a significant step forward in developing sustainable solutions for the battery lifecycle. The project comes as end-of-life and battery scrap volumes are estimated to rise in the coming years. The post Toyota gets $4.5M
The company said the new solution, known as Digital Deal and built in partnership with dealer finance portal platform CreditApp, allows consumers to complete more of the buying process online. CarGurus said Digital Deal launched in Canada after experiencing strong demand in the United States.
“So when everybody gets up in the morning at LAR, they have only one focus — it’s how can we improve the life of the dealer principals we serve and their managers.” Over the years, Dealer Principals have amassed considerable amounts of money, which we track,” he said. We have not sold out by any means.
The key components of an auto loan include the principal amount (the price of the vehicle), the interest rate, and the term of the loan (length of time to repay). This collaboration can lead to promotional financing offers, such as 0% interest deals for qualified buyers. Here are some strategies: 1.
Part 1 of our look at why having a SUPERdesk can help consistently boost your sales performance S ales Managers and Dealer Principals always ask us what we mean when we talk about the SUPERdesk concept. The SUPERdesk and the Desk Manager are the hub (nerve centre) of activity and the driver of sales.
Michael Psotka, CADA CFO and Director of Member Services Michael Psotka, CADA’s CFO and Director of Member Services, provided a brief overview of the CADA 360 Services provided to dealers, and urged dealers to visit the CADA booth to learn more about the new RecovR lot management and vehicle recovery technology. Why is this?
We immediately moved to a panel discussion with Susan Burke, VP of marketing, and Adrienne Riley, implementation manager, both from 700 Credit; BreAnna McCready, fractional CRO; and Nicole Cockroft, service director, Headquarter Mazda. The food was amazing at every break, every lunch — it was five star all the way.
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Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Its planning to take lessons on the hypercars durability, thermal management and hybrid efficiency and apply these learnings to its road cars. Browse now.
The transaction was facilitated by Bill Fields, principal M&A executive at DSMA , who represented the sellers Tammy Raciborski and Bob Winiarczyk. Only because of his good prospecting skills I had met and talked to Bill prior about other opportunities before this deal took shape. Bill was the seller’s broker.
More than half of the deals done in retail automotive are initiated by a buyer looking for a targeted acquisition,” Cantin said. When we use that data to engage a target dealership’s principal to gauge interest in a possible divestiture, we’re informed and can engage with the assurance that our buyer’s interest is truly qualified.”
But you’re here because you’re most likely still struggling and wasting money on marketing tactics that produce minimal results, feeling tech overwhelmed, and dealing with multiple 3rd party vendors. Am I right? Q: How do I know if this will work for me?
However, the companys old management system did not supply reliability to the team. In turn, Kathy Parr, the office manager who oversees all business aspects, had to deal with separate service departments, which caused day-to-day operational inefficiencies. They couldnt continue to sift through unorganized data.
Understanding and managing these costs is essential to keep your car budget-friendly. How to Save on Insurance: Shop Around : Compare quotes from different insurers to find the best deal. Make Extra Payments : If your loan terms allow, making extra payments can reduce the principal faster and save on interest. Book inspection 1.
Unlike high-volume dealerships in bigger cities, they dont need unwieldy dealer management software that slows them down. Employees waste time tracking down information, fixing errors, and dealing with unnecessary delays. Outdated systems and inaccurate reporting make it even harder for the dealership to grow.
Experienced, recycled sales consultants are more likely to bring bad habits, short cuts, “their way” and a confrontational attitude with Sales Managers. Refine it: Recently a Canadian dealer principal shared with me that he paid out a $13,000 commission on a single vehicle sale (domestic pick-up truck).
It was announced before the Hamilton deal. Like Lewis, he has always been close to team principal Fréd Vasseur. ES: The big question is whether he knew this was on the cards before he signed his new deal. Principal Andrea Stella says the team is still seeing loads of fruitful development. Where will his mind be at?
I thought it wasnt that big [of a deal], especially because I was so little, I didnt understand much. It [the program] was affiliated with my management team. They helped me by managing me into different categories and races around the world, Ciconte explains. I knew that there was a chance to be accepted.
“We may have to tell a customer what type of fuel to put into the car, but for EV we have to explain about charging capacity, weather degradation and all of these new things that are not big deals at all, but for the average salesperson it’s a real shift in the way that they historically sold the products that we sell.” It’s here to stay.
The need for consistent password review and management is more important than ever. So what is the big deal if you are hacked? Those of us of a certain age may remember a television game show called “Password.” The goal of the game was to guess the password using a one-word clue given by a contestant.
talk about how to close more car deals with special guest Chris Martinez, former Platform Director at Read More Close More Car Sales Listen in on another How To Sell More Cars podcast conversation.We I’ve worked with thousands of dealer principals, managers, and salespeople providing proven strategies for making the cash register ring.
Long Loan Terms: Extended loan periods often lead to slower paydown against the principal, increasing the chances that you’ll owe more than the vehicle is worth. Understand Your Range: Knowing exactly what you can afford while managing your current equity can streamline your decision-making process.
Five-time best-selling author and former general manager Max Zanan is our guest on this episode of the How To Sell More Cars Podcast talking about his latest work, The Definitive Guide To F & I. The sales and service teams need to be comfortable dealing with multiple generations of people. How to make deals turn faster.
talk about how to close more car deals with special guest Chris Martinez, former Platform Director at Read More How To Sell More Cars With Radio Advertising 5 ways to sell more cars with automotive radio advertising that gets noticed, gets remembered, and gets them on the lot. It's car sales, and it doesn't have to be hard.In
The Impact of Supply Chain Stabilization The automotive industry faced significant challenges over the past few years, principally due to supply chain disruptions stemming from global events. They frequently research online, wanting to ensure they are getting a fair deal.
Why You May Be Upside Down in Your Current Loan High Interest Rates: If your loan carries a high-interest rate, a substantial portion of your monthly payments goes towards interest rather than principal, which prolongs the time before you achieve positive equity.
talk about how to close more car deals with special guest Chris Martinez, former Platform Director at Read More Close More Car Sales Listen in on another How To Sell More Cars podcast conversation.We I’ve worked with thousands of dealer principals, managers, and salespeople providing proven strategies for making the cash register ring.
While general managers and dealer principals rely on data to measure performance and gross profit analysis, your sales, service, and back-office depend on flexible reporting and timely insights to make important decisions, too. And it goes beyond the top-level decision-makers, too.
They need to be proactive,” said Lori Wittman, Senior Vice President of Retail Dealer Solutions at Cox Automotive and General Manager at VinSolutions. VinWorx is all about helping our clients learn how to better utilize their CRM tools to get in front of consumers and make more deals. About Cox Automotive Cox Automotive Inc.
talk about how to close more car deals with special guest Chris Martinez, former Platform Director at Read More Close More Car Sales Listen in on another How To Sell More Cars podcast conversation.We I’ve worked with thousands of dealer principals, managers, and salespeople providing proven strategies for making the cash register ring.
This means rather than dealing with year-end sales, auto dealers have been rushing to move as many new vehicles as possible — every month. Sales should continue to improve, given the expected sustained, but mild, advancement in overall production and inventory levels,” said Chris Hopson , principal analyst at S&P Global Mobility.
We talk about how to close more car deals with special guest Chris Martinez , former Platform Director at Jackie Cooper Imports in Tulsa and author of The Closer: The Automotive Professional's Guide to Closing The Deal. Today's topic is closing more deals, and Chris's new book : The Closer What do you want to be when you grow up?
He said his company has given every one of its General Managers a home charging station manufactured by Quebec-based FLO EV Charging. “We In 2021, it added to its holdings with a powersport marina when it acquired Sudbury Yamaha in a package deal that also included Sudbury Mitsubishi. They should call us,” said Hébert Jr. “We
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According to CNBC , the new deal is said to have injected more than $US1 billion ($AU1.5 They were able to raise huge sums of capital and not have to take on any huge amounts of debt,” Sam Abuelsamid, principal research analyst at Guidehouse Insight, told CNBC. billion) into Fisker Inc.
Terry Lancaster is frustrated with Steve's lack of sending him a book he wanted, and Steve explains that the book is too long and has specific sections for managers and BDCs. It's not written for managers. And the fact is, is that they don't you know the salespeople have zero to do with closing the deal at that point.
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