DealerTrack Insights

DECEMBER 27, 2021

Based on the data and feedback from our thriving partners, here are five steps for dealing with the next lockdown market. To learn more dealership survival tips, including more information about how top dealers are thriving in today’s environment, download our eBook, A Dealer’s Guide to Dealing with (Almost) Everything.

Deal 52

Deal Marketing Principal Dealerships 52

3 Brothers Autosale

DECEMBER 20, 2023

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.

Finance 100

Finance Down Payment Pre-Qualify Banking 100

Motor Trader

NOVEMBER 15, 2024

We had a leap of faith, we felt they were the right ones to deal with based on what we were going to lose in terms of product lineup. We will have issues we will have to deal with in two or three years time, that’s more with electric vehicles but we are trying to think about how to deal with that now, we’re on the case.”

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Principal Deal Retail Development 59

Auto Remarketing

NOVEMBER 14, 2024

According to GlobalData, the automotive M&A market in Q2 2024 saw a 4% increase in deal value, but a 21% decline in deal volume compared to Q2 2023, reflecting a challenging and changing market during a time of margin compression. What dealer principals should be focused on — is what they can control.

Dealerships 52

Dealerships Automotive Principal Supply Chain 52

Drive.com

SEPTEMBER 26, 2024

. “Everyone here at VCARB would like to thank Daniel for his hard work across the last two seasons with us … Daniel has been a true gentleman both on and off the track and never without that smile,” Visa Cash App RB Team Principal, Laurent Mekies said in a written statement.

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Principal Deal 85

AutoSuccessOnline

MAY 22, 2024

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.”

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Principal Retail Dealerships Automotive 52

Shawn Ryder

JANUARY 19, 2024

This includes the principal amount borrowed, interest, and fees that need to be paid back to the lender. What Dealerships Should Know Dealerships often deal with trade-ins, where customers use their current vehicle’s equity towards the purchase of a new one.

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Down Payment Principal Finance Dealerships 52

CarExpert

DECEMBER 2, 2024

“The most apparent danger of decorating your vehicle with lights is the risk of dazzling other road users,” said Avinash Singh, principal lawyer at Astor Legal. “If 100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Both of which increase the risk of accidents.

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Principal Spread Deal Term 52

Turbo Marketing Solutions

NOVEMBER 2, 2021

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?

Automotive 52

Automotive Principal Customer Management 52

Autocar

FEBRUARY 29, 2024

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?

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Principal Term Deal Management 59

CarExpert

SEPTEMBER 26, 2024

100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. He suffered the wrist injury after just two rounds, leading to Mr Lawson being brought in as a replacement.

Principal 52

Principal Deal Management 52

AutoSuccessOnline

JUNE 11, 2024

We are all uniquely different and when the purpose or mission is to share data, stats, stories, thoughts, experiences and such, we do it because if their story or mine can shed light on people worldwide dealing with the same scenario, just maybe we can inspire them to push through that tough time. Really appreciated the choices they prepared.

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Women Automotive Principal Networking 105

AutoSuccessOnline

NOVEMBER 15, 2024

Many dealers question the viability of buying cars from private sellers at scale, assuming private sellers prefer dealing directly with other private buyers. “If If they wanted to sell to a dealer, they would just sell to a dealer, right?” Not necessarily. Often, it has nothing to do with who they want to sell to. But that’s not the case.

Principal 52

Principal Retail Spread Buyer 52

Car Examer

SEPTEMBER 8, 2024

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. How to Save on Breakdown Cover: Shop Around for Coverage : Compare different providers to find the best deal.

Insurance 59

Insurance Repairing Finance Extended Warranty 59

Canadian Auto Dealer

MARCH 1, 2024

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). Are you paying commissions simply to have sales consultants’ close deals or to (also) provide a customer experience? “The The desk is closed until further notice.”

Consulting 52

Consulting Sales Principal Management 52

AutoSuccessOnline

MAY 24, 2024

So what is the big deal if you are hacked? As Michael Hammond, our company principal, previously stated at a Connecticut Automobile Retailers Association seminar, “Unencrypted personal information of Massachusetts’ residents (either customers or employees) leaving your network is a violation of Massachusetts law per 201 CMR 17.”

Networking 52

Networking Principal Retail Management 52

CarExpert

MAY 18, 2024

There are a range of warranties offered depending on which manufacturer you’re dealing with, but they’re always included in addition to the automatic consumer rights guaranteed under the Australian Consumer Law. When it comes to buying a new car, warranty is always an important consideration.

Dealerships 52

Dealerships Extended Warranty Repairing Principal 52

Terry Lancaster

MARCH 29, 2024

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

Principal 52

Principal Dealerships Automotive Sales 52

Canadian Auto Dealer

JUNE 3, 2024

“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.”

Sales 52

Sales Principal Retail Dealerships 52

Terry Lancaster

OCTOBER 25, 2023

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.

Principal 52

Principal Dealerships Automotive Sales 52

Terry Lancaster

AUGUST 18, 2023

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.

Sales 52

Sales Principal Automotive Dealerships 52

Terry Lancaster

AUGUST 1, 2023

The sales and service teams need to be comfortable dealing with multiple generations of people. 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 How to make deals turn faster.

Dealerships 52

Dealerships Automotive Finance Management 52

Terry Lancaster

JUNE 28, 2023

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.

Marketing 52

Marketing Dealerships Principal Automotive 52

VinSolutions

JULY 12, 2018

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. They need to be proactive,” said Lori Wittman, Senior Vice President of Retail Dealer Solutions at Cox Automotive and General Manager at VinSolutions.

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Principal Dealerships Management Automotive 40

DealerTrack Insights

JANUARY 12, 2022

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.

Dealerships 52

Dealerships Technology Principal Management 52

CarExpert

MAY 18, 2024

However, a manufacturer warranty combined with Australian Consumer Law is just about all-encompassing according to Melbourne BMW dealer principal Daniel Odman. A full tank of fuel It mightn’t seem like a big deal, but a full tank of fuel is worth a decent chunk of change at the moment. “Our warranty is comprehensive.

Insurance 52

Insurance Shipping and Transportation Manufacturing Principal 52

Automotive Mastermind

DECEMBER 30, 2022

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.

Automotive 52

Automotive Quota Dealerships Principal 52

Terry Lancaster

SEPTEMBER 5, 2023

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?

Sales 52

Sales Deal Customer Automotive 52

Canadian Auto Dealer

NOVEMBER 4, 2024

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. GoAuto Principal Jared Priestner said the new endeavour is something that interested him, more than just a diversification play. It now owns three powersports businesses.

Dealerships 52

Dealerships Retail Floorplan Finance 52

Automotive Mastermind

NOVEMBER 18, 2022

While, for many, this may seem unattainable with buyers increasingly expecting ease and convenience, dealers can no longer afford to keep customers in the showroom for a four-hour deal. Use Data to Retain Buyers Remember, you have a unique advantage over your competition when it comes to engaging your audience: You know them.

Buyer 52

Buyer Finance Supply Chain APR 52

Canadian Auto Dealer

JULY 29, 2024

Alizadeh opined there are some Canadian provinces and territories that are operating under “the wild, wild west concept,” but in Ontario there’s just “constant continuous” regulations that require dealer principals to spend more time educating their staff. “I I don’t think we need any further regulations, quite frankly,” said Alizadeh. “In

Rebate 52

Rebate Insurance Repairing Principal 52

Drive.com

JULY 22, 2024

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.

Manufacturing 52

Manufacturing Development Automotive Electronics 52

Terry Lancaster

OCTOBER 31, 2023

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 And the fact is, is that they don't you know the salespeople have zero to do with closing the deal at that point. Yeah, you just said it.

Pre-Qualify 52

Pre-Qualify Dealerships Sales Networking 52

Canadian Auto Dealer

NOVEMBER 5, 2024

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.

Finance 52

Finance Principal Retail Deal 52

Canadian Auto Dealer

NOVEMBER 4, 2024

“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.

Principal 52

Principal Dealerships Management Deal 52

Canadian Auto Dealer

NOVEMBER 22, 2024

We need more representation, because a sales manager will see things differently than a general manager, and a GM will see things differently than a dealer principal.” Harvey said one dealer she talked with has 200 pieces of software from 70 companies and it takes more than a dozen pieces of software to close a deal.

Dealerships 52

Dealerships Management Principal Customer 52

CarExpert

DECEMBER 6, 2024

100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. The team will split its two models though, with one competing in the Pro Class and one in Pro-Am, though both will compete for outright victory. Browse now.

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