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Balancing Budgets, Boosting Profits: Why Expense Control Matters for Dealership Success

Full Path

Profitability is not just about reducing expensesits about knowing where to investtools, people, and processes that add long-term value. Heres how dealerships could focus on smart spending and dealership cost saving to drive long-term profitability. Action Plan: Review lead-generation services regularly.

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The Future of Car Dealership Digital Marketing in 2024

Turbo Marketing Solutions

Thus, moving forward, it's possible to see car dealerships offering after-sales services such as financing, insurance, customisation and maintenance services. Experts predict video content will soon overtake other forms of content in terms of engagement statistics. They even provide home charging installation services.

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COMMENTARY: 9 places where dealers can find cost savings & margin preservation

Auto Remarketing

In fact, more inventory being carried on the books longer has two cost elements, one being the cost of interest, insurance, and flooring fees, and the second being the effect, namely higher depreciation. Especially during a time when inventories increase, this is a cost item that warrants close attention.

Retail 98
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Targeted Leads in the Automotive Industry: Effective Marketing Strategies

Turbo Marketing Solutions

For instance, if you're an auto repair shop, collaborating with an insurance company to co-host a workshop on car maintenance and safety can help both parties reach new clients. Consequently, this targeted approach can yield better results in terms of lead conversion and sales.

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5 Strategies To Generate Used Car Sales Leads In 2024 and Beyond

Turbo Marketing Solutions

Keep a close eye on the campaign's performance by using relevant tools and metrics, which makes it easier to comprehend the ROI for each marketing dollar spent. For instance, car dealerships could partner with insurance firms or mechanics, creating a mutually beneficial relationship where both parties refer business leads.

Sales 92
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CerebrumX Industry Survey Highlights Where Cost Reductions Are Being Realized for Fleets Leveraging Connected Vehicle Data

Dealer World

say they are not receiving optimal ROI from their TSP. In terms of leveraging connected vehicle data to reduce costs, the majority of respondents (37.5%) said they are seeing a reduction in insurance costs by 5% - 10%, and more than a third are seeing a reduction in maintenance costs also by 5% - 10%. It also found that 38.5%

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15 Best Lead Generation Strategies for Car Dealers

Autosoft

This fuels marketing efficiency, cuts costs, and turbocharges ROI. Knowing which terms your customers are searching for is like having a map to guide them to your showroom. These essential strategies equip businesses to zero in on ideal customers, cultivate lasting connections, and ultimately convert them into sales.