Some car dealers are running scared because of “disrupters” in the industry. Carvana, Uber, and new technology like autonomous cars are making some owners feel like it’s time to cash in. But is there a reason to be worried? Uber, Lyft and other ride sharing services were originally forecasted to put a dent in vehicle […]
“Disrupters” Lead to Consolidation Read Post »
You spend thousands of dollars a month gaining new customers, getting them in for your specials or deals. It’s working right? People are coming in. They’re buying cars. But, are you nurturing your client pool for future profit? With new car sales continuing to decline, you need to encourage people to come buy again
Nurturing Your Customers Read Post »
At the end of 2017, Automotive News wrote an article about its predictions for the automotive industry in 2018. We thought it would be fun to see how close they got with these predictions, so let’s take a look to see how they played out. 1. Uber will have a quiet year.Mostly this one was
The Reality of Automotive News 2018 Predictions Read Post »
Distracted driving is a huge problem today. With cell phones and screens, it’s no surprise that one in four car accidents are caused by distracted drivers. It claimed 3450 live in 2016! How are carmakers responding to this epidemic? With more technology! Hands-free calling and voice commands were the beginning, but now head-up displays (HUD)
Head-Up Display Gaining Market Traction Read Post »
The California Consumer Privacy Act, or CCPA, expands the rights of consumers have regarding their personal information, how it’s used and how it’s store. The CCPA was signed into law on June 28, 2018. While it likely won’t take effect until summer of 2020, you should start familiarizing yourself now. Even if you aren’t in
California Privacy Act and Car Dealerships Read Post »
After announcing it would be closing the few stores it has, Tesla changed its mind. The company wants to move to an online-only sales model, but apparently they didn’t realize that the change couldn’t happen overnight. It would take several years to happen. The idea continues the cry for help. They’re running out of money,
Tesla not closing stores, yet. Read Post »
As the auto industry comes down off if its sales high, the first quarter is looking like it will continue on the declining trend. Everyone is feeling the effects, but one brand might be impacted more than others: Tesla. Founded in 2003, the young automaker is facing lots of problems, and some believe it
Is Tesla failing? It’s certainly in distress. Read Post »
As the push for electric and autonomous cars becomes very real, Ford and Volkswagen are joining forces in this new frontier. Don’t worry though; they’re staying separate companies. Nothing is official yet, but in theory, with this agreement VW would develop city vans and Ford would develop midsize pickup trucks and commercial vans for
Ford & VW Teaming Up on New Technology Read Post »
Keeping an eye on expenses is critical to maintaining profitability in the future. The retail automotive industry is resilient and extremely resourceful when it comes to navigating economic barriers and trends. Walking the path to profitability can be an easier road by implementing simple strategies to maximize profit. Three simple steps to consider: A
Dealership Profitability Read Post »
As Mexico & the United States near an agreement Canada is in talks to be returning to the negotiation table soon. In the past weeks the United States and Mexico appear to be getting very close to an agreement in regards to automotive manufacturing. David MacNaughton, Canada’s ambassador to the U.S., said in a recent
When Will Canada Return to the Table With USA & Mexico To Talk NAFTA? Read Post »
