2022

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Auto Dealership Buy/Sell Stays Hot with Yet Another Record in 2022

AutoDealer Today

According to Third Quarter 2022 Blue Sky Report® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages.

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Are Automotive Shortages Projected to Last Into 2023?

Automotive Mastermind

As another year closes and 2023 is upon us, now is a more important time than ever for dealers to take a close look at inventory analytics for the past year. As the industry-wide microchip shortage continues to progress, sales managers must take a deeper look at what that means for: Their business, Their salesmen and (Most importantly) Their customers Mastermind has a variety of insights for dealers to consider going into the new year that will maintain a positive purchasing experience for both

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Visit the DealerOn Booth at NADA!

DealerOn

Circle your wagons at our Texas-sized booth to say howdy and see our amazing suite of products at NADA! Everything’s bigger in Texas, including our booth, which is loaded with products that make your dealership shine bright. Circle your wagons at booth #5939 to say howdy! Learn More The post Visit the DealerOn Booth at NADA! appeared first on DealerOn.

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Auto Dealership Buy/Sell Stays Hot with Yet Another Record in 2022

F&I and Showroom

According to Third Quarter 2022 Blue Sky Report® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages.

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How To Sell Cars Using Social Media in 2023

Turbo Marketing Solutions

Pop the hood and rev up those engines because social media is turbocharging the car sales industry. Gone are the days when glossy brochures and billboard ads were the talk of the town. Now, if you aren't making some serious tire tracks on the digital highway, you might as well be driving a horse and buggy. Welcome to the high-speed, high-stakes world of selling cars in 2023, where the right tweet can be as powerful as a turbo engine, and a well-curated Instagram feed can outshine the glossiest s

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Stack Your Audience – Increase the Outcome!

ForceMarketing

Our two most effective programs – Recapture and DRIVE – work better together. By combining them, we’ve seen a 58.89% increase in efficiency. This is because audience stacking – the process of combining different audiences – allows you to reach a wider audience and deliver a more personalized and targeted marketing message.

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Our Trip to the LA Auto Show

Jazel Auto

Marketing | 2min Read Our Trip to the LA Auto Show Don't forget to share this post! Share on facebook Share on google Share on twitter Share on linkedin This year, Jazel was fortunate enough to be able to attend the LA Auto Show in Los Angeles, California! With so many things to see and do, it’s truly a must-visit event for car enthusiasts, as well as those in the market for a new vehicle.

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Mastering Price Objections on Sales Calls

Proactive Training Solutions

Mastering Price Objections on Sales Calls Susan Gaytan Dec 2, 2022 8:30 pm Facebook Twitter LinkedIn How to Turn Sales Objections into Sales Opportunities It’s no secret that price objections are one of the most common challenges we face on sales calls. Many buyers will want to negotiate the price right over the phone, while as sales professionals it’s our job to get them to the dealership first.

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Genesis GV70 Brings Plenty to the Table

Zero to 60 Times

The 2022 Genesis GV70 is a brand-new small luxury SUV from Genesis. It was configured from scratch, and it aims to fight in the fiercely competitive segment comprising of the BMW X3, Acura RDX, Lexus NX, Lincoln Nautilus, Audi Q5, Volvo XC60, Alfa Romeo Stelvio, Land Rover Discovery Sport and Mercedes Benz GLC. As we are about to find out, despite its considerably lower MSRP compared to many others in the segment, the 2022 Genesis GV70 brings a lot to the table, making it a compact luxury SUV yo

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Auto Broker: Should I Use One?

Your Car Buying Advocate

Auto Broker: Should I Use One? This question, are car brokers worth it gets asked often. Should I use an Auto broker (otherwise known as a Car Broker)? Consumers also want to know if an auto broker will save them money, find them the vehicle they want, if they’ll do it without the typical stress and if there’s another solution or alternative to a car broker out there.

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U.S. Energy Department Finalizes Loan for GM Battery Venture

AutoDealer Today

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.

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NADA 2023 Show Preview: EV News That Dealers Should Know

Automotive Mastermind

As consumer buying behaviors continue to evolve alongside the automotive industry, it’s important dealers keep a close eye on how car buyers are shopping today — and what they may be shopping for tomorrow. Analyzing changing buying behaviors can provide deeper insight into how the future of the auto industry may look. This ranges from the way customers shop to the vehicles they’re shopping for, which is a key advantage for forward thinking dealers.

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Engage Car Buyers With Custom Vehicle Ordering

DealerOn

If you don’t have the vehicle your customer wants, you could lose them to a competitor. In this edition of DealerOn University, we show you how to keep your customers engaged on your website, even if you don’t have the exact vehicle they are searching for. “Necessity is the mother of invention” has never been truer for the automotive industry.

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Black Book: Weekly Market Report

F&I and Showroom

Sales rates continue to be less than ideal, with many buyers exercising caution for fear of loading up on inventory that does not turn quickly, especially when values are experiencing heavy declines week after week.

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It’s Official – We have been ‘Highly Commended’ by Car Dealer Magazine!

Spidersnet

We are very proud to announce we have been ‘Highly Commended’ in two categories of the Car Dealer Power Awards 2022. We’re delighted to be recognised for our Franchised Dealers Websites and also for Dealer Management System of the Year. The recognition from Car Dealer stemmed from a year of huge growth for us. Not only have we rebranded and expanded our team, but we’ve also developed new products, all with a focus on giving dealers more opportunities to sell cars.

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The Driving Sales Executive Summit – Expectations are Super High!

Dealership News

The DSES is coming Oct 9-10 at the Bellagio in Las Vegas, and if you aren’t attending – you need to rethink your schedule. The Driving Sales Executive Summit is on in a BIG way Oct 9-10 at the Bellagio in Las Vegas. The industry is currently in a very dynamic yet super profitable state, but for how long? Change is just a supply chain kink or governmental policy away.

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Jazel’s YouTube

Jazel Auto

Marketing | 2min Read Jazel’s YouTube Don't forget to share this post! Share on facebook Share on google Share on twitter Share on linkedin Do you know about Jazel’s YouTube Channel? We have been working hard to create new content for our clients, as well as anyone interested in the wide range of topics relating to website design and the automotive industry.

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Build Your Service Experience and Maximize Every RO

DealerTrack Insights

With fewer cars coming off the factory line and inventory shortages continuing to impact dealers, more car owners are keeping their cars longer. While this trend is less than ideal for new car sales, it presents a real opportunity for your service department to boost dollars per RO and increase profits. Garry Shirley, Performance Manager at Dealertrack DMS, recently sat down with a diverse panel of dealers to discuss a shift in focus toward fixed ops. ( Watch the discussion here. ) Building Rapp

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With new car inventory so low, what can we do?

Autosaver Group

This has been an issue for over two years now. We really don't see it changing in the near future. The best suggestion I have for you is to browse our in-stock and incoming inventory. If you see something you like, stop in or call to reserve that vehicle but do it quickly, because many of these vehicles go out as quick as they come in. That's what we suggest.

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The Importance of Customer-centricity: A Conversation

DealerFire Blog

Atul Vohra and Thilo Koslowski One of the concepts the COVID-19 pandemic has made increasingly apparent is the need for the automotive industry to innovate and transform the customer experience. Today’s consumers increasingly expect to be met wherever they are in the buying cycle with a highly customized and seamless experience – both online and offline.

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Franchisee Spotlight: Monique Clark in Vero Beach

Your Car Buying Advocate

Hey, Vero Beach car buyers We are delighted to have Monique serving clients in her home town, Vero Beach, as well as across the country as a YCBA franchisee! If you’re local to the area, you may have visited dealerships where Monique worked for over 20 years! Fortunately, for car buyers in all states, you can easily work with Monique to find, locate and negotiate a vehicle all from your home.

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ZeroSum Dealers’ Market First Report: 2022 Automotive Inventory Trends That Matter in 2023

AutoDealer Today

From inventory and pricing trends to future predictions, this report provides everything auto dealers need to know to prepare for a successful year in 2023.

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How to Improve Customer Experience With Digital Retailing

Automotive Mastermind

As your dealership’s engagement with prospects and customers is increasingly taking place online, how much thought have you given to the customer experience that takes place in your “virtual dealership”? According to S&P Global Mobility surveys, consumers want a more simplified and digital purchase process. This means that dealership customer service will occur online more often, creating new challenges and opportunities for dealers as they work to enhance the customer experience across thei

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Who We Are: Kyle Lawson, Quality Assurance Trainer

DealerOn

In this edition of our Who We Are series, we shine the spotlight on Quality Assurance Trainer, Kyle Lawson. Kyle and the rest of the Quality Assurance Trainers Team work tirelessly to ensure DealerOn provides top-notch customer service to our clients. Read on to learn more about Kyle and the crucial role his team plays at DealerOn. What team are. The post Who We Are: Kyle Lawson, Quality Assurance Trainer appeared first on DealerOn.

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U.S. Energy Department Finalizes Loan for GM Battery Venture

F&I and Showroom

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.

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Autopromotor just got even better, introducing Autopromotor Service

Spidersnet

Here at Spidersnet, we understand that consumers are now looking to purchase products and services online, and in their own time. With this in mind, we have developed new functionality within the Autopromotor system that is now available for all Spidersnet websites. Autopromotor Service is a booking system that allows you to take online Service & MOT bookings via your website, improving the customer journey and allowing you to fully automate your booking process.

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Driving Sales Executive Retreat is Oct. 9-10 at the Bellagio – It’s Gonna Be Big Time!

Dealership News

PART ONE OF THE SIZZZZLE! This is going to be fantastic! The Driving Sales, Three Day Executive Retreat in Q4 designed to study retail innovation with world-leading experts, to help you write your business plan for next year. Save $100 by using code Kelley 100 For: Executive Teams, Owners, GMs, Marketing, GSMs, Fixed Ops When: Oct. 8-10, 2022 Where: The Bellagio, Las Vegas The post Driving Sales Executive Retreat is Oct. 9-10 at the Bellagio – It’s Gonna Be Big Time!

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Hyundai settles CFPB auto credit reporting case for $19M

Car Buyer U

Captive finance company Hyundai Capital America has agreed to pay $13.2 million in restitution and a $6 million civil penalty to settle allegations it gave incorrect consumer information to credit reporting companies.

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Sustaining Profitability Through Operations and Sales

DealerTrack Insights

Between ongoing talent and inventory shortages, operating a dealership has arguably never been more challenging, and it doesn’t seem to be getting any easier anytime soon. With more competition for cars and qualified employees, dealerships have to do more to sustain profitability by improving operations. Garry Shirley, Performance Manager at Dealertrack DMS, recently sat down with a panel of dealers to discuss key ways to improve operations and stay competitive in a changing automotive industry.

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What should I do if my current lease is about to end? Should I buy it, sell it, trade it in?

Autosaver Group

That can be a very complicated question, but here is what we suggest you do. Come into any of our dealerships, sit with one of our finance specialists and let them review your specific situation. With their guidance and that information, you can decide what's best for you. Buy it, sell it or trade it in. Get the information and then make the decision that's best for you.

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Learn How You Can Prepare For And Survive The End Of Vehicle Inventory (VDP) Marketing

Turbo Marketing Solutions

This is a critical warning for all dealerships and automotive professionals operating worldwide: You need to throw out the window almost everything you know about automotive marketing using inventory and VDPs if you want to avoid the storm that has already hit the automotive industry and survive the massive undercurrent that’s about to swallow most car dealerships.

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2022 GMC Hummer EV Review: No More Gas Guzzler

Zero to 60 Times

The 2022 GMC Hummer EV. It sounds strange saying it. After all, who would’ve even remotely thought about associating the infamous Hummer gas guzzler with the idea of eco-friendly electric powertrains? And yet, GMC took the bold risky step towards electrifying one of its famous humongous SUVs. It is still big; it takes on off-road challenges and it is mighty expensive.

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Automaker Favors Varied Auto Lineup to All EVs

AutoDealer Today

Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively.

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Managing New & Pre-Owned Inventory Through Service Drives

Automotive Mastermind

According to reports from S&P Global Mobility , vehicle production output in Q3 in 2022 exceeded the 2019 level. That said, vehicle availability and dealership inventory levels are still slow to improve, and experts say that vehicle pricing will likely still be a challenge in 2023. According to Manheim , the used retail days’ supply at the end of October was 49, down from 52 days in September.

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Order-A-Vehicle Webinar: 12/7/22

DealerOn

Watch the webinar from December 7th to learn all about the solution that lets you sell vehicles without inventory. Give your customers the ability to build, price, and custom order their own vehicle directly from your website with Order-A-Vehicle, available exclusively from DealerOn. Featuring detailed trim and packaging information, high-resolution photography, and real-time pricing updates, Order-A-Vehicle gives your customers the.

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Desking in a Rising Rate Environment

F&I and Showroom

If a dealership is still buying Sharpies to complete paper Four Squares, you will probably find a higher percentage of packed payments or potentially discriminatory pricing.

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An Introduction to Facebook Automotive Inventory Ads

Spidersnet

What are Facebook Automotive Inventory Ads? Automotive Inventory ads are dynamic ads offering from Facebook which use your vehicle catalogue to create ads based on your current stock. They are non-intrusive and relevant to the users who see them and only advertise what you’ve currently got listed on your website. They can be set up for dealerships that specialise in various types of vehicles, from cars to motorhomes.