Canadian Auto Dealer

NOVEMBER 22, 2024

Todd Bourgon, CEO and Executive Director of the Motor Vehicle Retailers Ontario (MVRO) Todd Bourgon, CEO and Executive Director of the Motor Vehicle Retailers Ontario (MVRO) talked to dealers about the work his association is doing to recruit foreign-technicians to help the province’s dealerships fill their labour shortages.

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Principal Retail Dealerships Management 52

Canadian Auto Dealer

MARCH 10, 2025

D epending on which dealer you talk to and the brand or multiple brands they retail, there is reason for optimism or concern for vehicle sales in Canada 2025, according to some people interviewed by Canadian auto dealer. Theyve been listening to what weve been asking as dealers, in terms of support.

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Principal Rebate Manufacturing Retail 52

AutoSuccessOnline

AUGUST 9, 2024

The most recent cyber event that affected thousands of dealerships across the country is just the latest example of how dealers, dealership senior leaders and principals must constantly think about the big picture and best practices.

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Principal Insurance Retail Finance 52

DealerTrack Insights

JUNE 13, 2022

The General Managers and Dealer Principals that I speak to are always brainstorming new ways to improve their business. In retail automotive, there’s simply no time to sit back and watch your business run, thinking, “Things are just fine the way they are.” And I mean always. It’s like they can’t turn it off. Ready to learn more?

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Principal Retail Technology Dealerships 52

AutoSuccessOnline

MAY 15, 2024

Successful car wash operations — whether in the retail realm or at a dealership’s service center — must maintain a reliably symbiotic relationship between two principal metrics: throughput rate and vehicle cleanliness. Drive-thru car washes should be a first-choice technology option for fleet-wash operators.

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Deal Principal Retail Manufacturing 52

Canadian Auto Dealer

NOVEMBER 4, 2024

Some dealers are branching into other business areas to spread out their risk and reap new rewards S ome auto dealers are transforming into retailers who also happen to sell vehicles. There are also some dealerships that have developed businesses that are not directly related to auto retailing. Auto is a pretty big mature category.

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Dealerships Floorplan Retail Finance 52

Canadian Auto Dealer

MARCH 1, 2024

Hire sales consultants with no previous automotive sales experience: Hire smart, positive and energetic people that have sales or customer service experience in other industries; big box retail, cell phone retailers, food and hospitality, etc. What are you paying commission for? The desk is closed until further notice.”

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Sales Principal Consulting Retail 52

Shawn Ryder

JANUARY 18, 2025

In the automotive world, the term MSRP (Manufacturer’s Suggested Retail Price) has become increasingly significant, especially in light of recent trends in car pricing. Today, many dealerships are offering new cars from 2023 to 2024 at MSRP, attracting keen attention from prospective buyers.

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MSRP Supply Chain Principal Manufacturing 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. ” Registration Most manufacturers in Australia quote list prices, or a recommended retail price excluding on-road costs. “Our warranty is comprehensive.

Insurance 52

Insurance Shipping and Transportation Manufacturing Principal 52

Shawn Ryder

JANUARY 19, 2024

Introduction When you hear the word “equity,” you might think of it in terms of money or ownership. In simple terms, it is the value that you truly own in your car. This includes the principal amount borrowed, interest, and fees that need to be paid back to the lender.

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Down Payment Principal Finance Dealerships 52

Automotive Mastermind

NOVEMBER 18, 2022

This is an especially important tactic to maintain in today’s automotive retail space as trends have evolved quicker than ever. Due to this, the immediate and long-term opportunities lost by a loyal customer defecting are significant.

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Buyer Finance Supply Chain APR 52

Automotive Mastermind

JANUARY 26, 2023

With immediate and long-term opportunities lost by defection of a loyal customer being significant, dealers need to stay top-of-mind with their loyalty customers. a 7% increase from the estimated 2022 tally,” noted Chris Hopson, principal analyst at S&P Global Mobility in a December report. light vehicle sales totaled 13.8

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Customer Principal Dealerships Management 52

Canadian Auto Dealer

JULY 29, 2024

The Motor Vehicle Retailers of Ontario (MVRO) had many concerns about the proposal, feeling it would create red tape and make it harder to do business for salespeople and others involved in a vehicle sale if enacted. The rationale being that consumers need to be protected from themselves.

Rebate 52

Rebate Insurance Repairing Principal 52

Terry Lancaster

AUGUST 1, 2023

The number one reason why people leave automotive retail is spousal pressure. Leasing is a short term loan, usually 36 months, 39 months, or even 27 or 18 months. The long term game is more important than the short term game, and the aversion to leasing is coming from the dealers. And they have they have to be long term.

Automotive 52

Automotive Dealerships Finance Banking 52

Turbo Marketing Solutions

FEBRUARY 28, 2024

For instance, the Federal Trade Commission (FTC) introduced the Combating Auto Retail Scams Rule (CARS Rule) in 2024, setting new requirements on the sale, financing, and leasing of vehicles by motor vehicle dealers. Staying informed about these industry-specific regulations is vital for complete compliance.

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Dealerships Principal Customer Finance 52

AutoSuccessOnline

MAY 14, 2024

Many of us are reacting, not acting, with a long-term plan based on the information available to us. Worse, we’re making decisions with long-term impacts in reaction to the last 45 to 90 days of business. Long-term plans can come in many forms. Adding a chat or digital retailing solution to your site? Increase it where?

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Principal Marketing Term Retail 105

Canadian Auto Dealer

OCTOBER 31, 2024

Gauthier said that back in the 1970s and 80s, Bryan became Canada’s first “mega-dealer” before the term was even coined. Bryan started in sports car racing, which led him on a path to automotive retail in 1957. Impressive numbers for the time, ranking him among the top retailers in Canada.

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Retail Principal Women Banking 98

Auto Remarketing

NOVEMBER 14, 2024

What dealer principals should be focused on — is what they can control. Strategies for performance optimization To increase the value of a dealership, principals should consider how to best leverage and optimize their capital – human, financial, relational, and intellectual – to maximize the sale price when it’s time to transact.

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Automotive Principal Supply Chain Dealerships 52