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dealer profits

Featured image for “Top Benefits of Lot Management Software for the Next Quarter”

Top Benefits of Lot Management Software for the Next Quarter

October 4, 2022
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Cox Automotive surveyed over 1000 US dealerships last month and saw many dealerships express concern over inflation, dealer inventories, and rising costs. In addition, the “Dealer Sentiment Index” showed that dealers have a negative outlook regarding the challenges ahead for the quarter and beyond.  Cox Automotive Chief Economist Jonathan Smoke said, “unique market conditions are causing worry among car dealerships...
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Featured image for “Is Your Automotive Management System Up to Date?”

Is Your Automotive Management System Up to Date?

July 19, 2022
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The automotive industry is undergoing significant changes and advancements as it continues to transition towards electric vehicles. Consumer trends are constantly changing, automotive technology is rapidly improving, and vehicle pricing fluctuates daily. These variables—and many others—can cause your automotive inventory management system to become out-of-date faster than ever before. What’s more, nearly 46 percent of small businesses don’t have a...
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Featured image for “Benefits of Offering Digital Dealership Insurance Coverage”

Benefits of Offering Digital Dealership Insurance Coverage

July 12, 2022
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Over the last few years, the automotive industry has been experiencing a rapid shift toward digital car buying processes. End-to-end online car sales and used car buying apps have been gaining traction among younger generations. And with recent inventory shortages and low showroom foot traffic, these are unpredictable times for dealerships. One thing we know for sure moving forward is...
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Featured image for “Introducing Elo+: Added Protection For Dealers And Drivers”

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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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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Featured image for “How Dealerships Can Combat the Vehicle Chip Shortage with Creative Sales Management Strategies”

How Dealerships Can Combat the Vehicle Chip Shortage with Creative Sales Management Strategies

February 1, 2022
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The semiconductor chip shortage has plagued the automotive industry for almost two years now, and it isn’t destined to end any time soon.  Experts don’t predict  a full recovery until 2023. As we enter 2022 with emerging challenges on top of the vehicle chip shortage, some automotive dealers are at their wits end trying to sustain and grow business.   But,...
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Featured image for “Digital Dealerships? What the Automotive Digital Transformation Means for Brick-And-Mortar Shops”

Digital Dealerships? What the Automotive Digital Transformation Means for Brick-And-Mortar Shops

January 20, 2022
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The automotive industry has recently experienced powerful changes brought on by the digital revolution, shifting customer preferences, and a global pandemic. Established digital car sales platforms have seen huge growth over the last couple of years, and traditional franchises are racing to move their services online. Industry giants General Motors broke into the ecommerce space with the release of their...
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Featured image for “How To Sell More Cars by Warming Up Your Winter Sales Strategy”

How To Sell More Cars by Warming Up Your Winter Sales Strategy

December 14, 2021
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It’s the holiday season. Every dealership large and small is running promotions and ushering gigantic Christmas presents off the lot with big red ribbons. Customers are full of cheer and business is better than ever.  When the new year rolls around the corner and sales teams begin popping champagne to celebrate the end of yet another chaotic sales season, February...
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Featured image for “Automotive Industry Outlook: The Biggest Challenges Dealerships Will Face in 2022”

Automotive Industry Outlook: The Biggest Challenges Dealerships Will Face in 2022

December 1, 2021
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Dealerships are ramping up production, increasing vehicle sales, investing in electric vehicle production sites, and gearing up for the next phase of the auto industry. However, while dealerships are peeling out of the economic decline and heading down a new path of growth, they may not be in the clear just yet. Industry trends both new and old are reshaping...
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Featured image for “Direct Automotive Marketing: A New Way to Drive Dealership Revenue”

Direct Automotive Marketing: A New Way to Drive Dealership Revenue

September 27, 2021
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Each year, dealerships pour hundreds of thousands of dollars into automotive marketing strategies in the form of television advertisements, organic search marketing, banner ads, and more.  The typical franchised dealership spends $554,292 on advertising each year, allocating over 90 percent of their budget to car sales, which are responsible for less than 52 percent of a dealership’s overall revenue.  These...
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