Responding to customers and prospects even when you don’t have an answer for them builds trust. One of the biggest complaints from consumers today is the poor communication from dealership sales and service personnel. Most dealerships depend on the use … Read More
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Wholesale prices are slipping, and 1/3 of your pre-owned inventory is over 45 days old. A dangerous combination.
With the current inventory shortage, we have been surprised to see such a large percentage of pre-owned inventory over 45 days old. In last month’s tip, we recommended that your turn rate should be 15 days. With used car … Read More
Counter New-Vehicle Retail Sales Decline by More Effectively Using Your CRM
According to J.D. Power retail, sales of new vehicles for May is expected to only reach 1,013,700 units, a 20.9% decrease compared with May 2021. The new-vehicle inventory situation has not materially changed, but dealers can find opportunities in their … Read More
Hidden Opportunities on your Service Drive.
Prospecting for inventory on the service drive is in high gear, but if you are only using your CRM to find prospects, you are missing over half of the opportunities. According to NADA statistics, over 60% of your service customers did not … Read More
Increase Service Drive Purchases.
The service drive is one of the best places to find pre-owned inventory. Below are some tips and best practices: Set realistic expectations for your team, because not every upcoming service appointment is a potential purchase. Leverage your CRM to identify … Read More
US vehicle sales tumble amid chip shortage, record prices
[vc_row][vc_column][vc_custom_heading text=”US vehicle sales tumble amid chip shortage, record prices” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_column_text] DETROIT — In a normal month before the pandemic, Con Paulos’ Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now … Read More
3M Doubles Its Estimated Drop in Car Output on Chip Shortage
[vc_row full_width=”stretch_row_content_no_spaces” full_height=”yes” css=”.vc_custom_1632497362551{background-image: url(https://cactusskydigital.com/aimdealer/wp-content/uploads/2021/09/1x-1.jpg?id=176) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_single_image image=”186″ alignment=”left”][vc_custom_heading text=”3M Doubles Its Estimated Drop in Car Output on Chip Shortage” use_theme_fonts=”yes”][vc_empty_space][vc_column_text]3M Co. expects the semiconductor shortage that has idled auto factories worldwide will last into … Read More