Elo GPS

car sales

Featured image for “Automotive CRM: What It Is and How to Use It | Elo GPS”

Automotive CRM: What It Is and How to Use It | Elo GPS

November 23, 2022
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In the ever-competitive world of automotive sales, car dealerships are always looking for an edge. One way to stay ahead of the competition is using a customer relationship management (CRM) system. CRMs are designed to help businesses manage their interactions with current and potential customers. In this post, we’ll introduce the concept of an automotive CRM and discuss some benefits...
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Featured image for “What is an Auto Dealer Buy-Back Program And is it Right for You?”

What is an Auto Dealer Buy-Back Program And is it Right for You?

August 31, 2022
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A dealer buy-back program is becoming a popular option amongst both dealerships and consumers. Convenience, peace of mind, and cost-effectiveness are some of the key benefits this type of program provides consumers. Let’s discuss what a buy-back program is and if it’s the best option for you.  What Is A Dealer Buy-Back Program? An automotive buy-back program is a relatively...
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Featured image for “Questions You Need to Ask Before Buying a Used Car”

Questions You Need to Ask Before Buying a Used Car

August 23, 2022
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It’s an interesting time to be in the market for a new vehicle. The world is still recovering from international supply chain issues—specifically, the current global shortage of microchips needed to produce all new cars. As a result of the shortage, manufacturers produced 1.7 million fewer vehicles in 2021 than in 2019.  This vehicle shortage has resulted in a top-to-bottom...
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Biggest Auto Trends of 2022 So Far

August 16, 2022
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The automotive industry is one that is constantly changing and evolving each year, and 2022 is proving to be no exception. Every day we are hearing about new technology, features, or automotive brands hitting the market. Now more than ever, the automotive industry is evolving rapidly, and auto trends must be identified for companies to survive and thrive. In this...
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Featured image for “How Does a Car Trade-in Work? Everything You Need to Know About Trading in Your Old Vehicle”

How Does a Car Trade-in Work? Everything You Need to Know About Trading in Your Old Vehicle

August 2, 2022
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The auto industry is no longer as stable as it was a few years ago. Due to new car supply shortages, the demand for used vehicles has skyrocketed. Used vehicles have never had more value and now might be the perfect time to consider selling. We’ll take you through the benefits of dealership car trade-ins and the disadvantages of selling...
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4 Benefits of Implementing a Direct to Consumer Marketing Strategy

June 14, 2022
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Direct to consumer marketing is completely revolutionizing the way we buy products and services. Instead of relying on crowded retailer environments and expensive advertisements to sell a product, brands are leveraging the vast digital landscape to reach customers.  This marketing tactic isn’t just for selling subscription boxes and packaged mattresses—auto dealers can utilize direct to consumer (DTC) marketing to connect...
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How to Combat the Vehicle Inventory Shortage

June 1, 2022
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Whether you own a car dealership or simply own a car, you’re probably familiar with the semiconductor chip shortage that has been plaguing the automotive industry for the last couple of years. The chip shortage has had detrimental effects on the production of new cars in the US and experts don’t expect a full pre-pandemic recovery until 2023.  The federal...
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Introducing Elo+: Added Protection For Dealers And Drivers

March 17, 2022
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From inventory shortages to low showroom foot traffic to the rapid digitalization of car sales, these are unpredictable times for auto dealerships.   Dealers need powerful connected car technologies to provide a constant connection with their drivers, supported by cutting-edge lot protection products and services to maintain and grow revenue. Going beyond inventory lot management, stolen vehicle recovery, maintenance alerts and...
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The Market is Electric: What Dealers Can Do to Capitalize on Explosive Electric Car Growth

March 8, 2022
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Electric car market growth has been on the rise over the course of the last decade. Recent reports anticipate that the sale of electric vehicles (EVs) will dramatically accelerate in 2022, increasing about 75%. Some are even referring to this sudden rise as the EV Boom.  Consumers need dealers now more than ever. Recent reports found that nearly half of...
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Featured image for “Take Advantage of the Used Car Market by Offering a Vehicle Recovery Device With Connectivity”

Take Advantage of the Used Car Market by Offering a Vehicle Recovery Device With Connectivity

February 8, 2022
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These are interesting times for auto dealers. With the vehicle chip shortage still taking its toll on new car inventory around the world, the market for used cars has exploded. Used car dealerships have been enjoying the consistent business and many new car dealerships have started showing pre-owned vehicles in an attempt to keep lots full and customers coming through...
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