Elo GPS

dealership

Featured image for “Hibernation is over: Time to hit the ground Running on the New Season”

Hibernation is over: Time to hit the ground Running on the New Season

March 1, 2023
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Do you hear that? It’s the sound of spring coming into full bloom and summer being just around the corner. Now is the perfect time for your dealership’s sales team to shake off any hibernation-induced sluggishness and come out ready to tackle a new season with energy. With the strategies below your employees can make 2023 the best season yet...
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Featured image for “The Car Buying Experience: This Time it’s Personal”

The Car Buying Experience: This Time it’s Personal

February 23, 2023
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When it comes to selling cars, one of the most important factors that helps close a sale is building a connection with potential customers.   Personalization is the key to establishing trust and making customers feel comfortable, which can lead to a successful sale. So, let’s explore different personalization approaches your dealership sales teams can use to build relationships with customers...
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Featured image for “The Rise in Car Dealership Thefts and How to Protect Your Vehicle Inventory”

The Rise in Car Dealership Thefts and How to Protect Your Vehicle Inventory

February 7, 2023
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More and more car dealerships are becoming targets for thieves looking to score big hauls of vehicles. Dealership theft cases have been on the rise in recent years, with an estimated $300 million worth of vehicles stolen from dealerships in the United States each year. Currently, a theft occurs every 40.9 seconds.  While there are no surefire ways to protect...
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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 “Looking Forward—Lot Management for the Modern Dealership”

Looking Forward—Lot Management for the Modern Dealership

September 20, 2022
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The US auto industry suffered severe losses during the recent pandemic. Only now are dealerships slowly returning to production and car sales. However, as businesses start to rebuild, many dealerships now face ripple effects from COVID-19 restrictions. The pandemic revealed how unprepared dealers were for business stalling for long periods. As a result, dealership lot management has become increasingly complex....
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Featured image for “Is Your Service Department Versed in Electric Vehicle Maintenance?”

Is Your Service Department Versed in Electric Vehicle Maintenance?

August 9, 2022
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Electric vehicle sales have exploded on a year-by-year basis over the past half decade, and for good reason. Not only do electric vehicles save drivers thousands of dollars each year on gas costs—they also help owners save big on service and maintenance expenses. Electric vehicle powertrains have much fewer parts than their internal combustion counterparts. For example, electric vehicles do...
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Featured image for “How to Combat the Vehicle Inventory Shortage”

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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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 “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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