Bill Gibson In remembrance

💡 Is your dealership leaving parts revenue on the table? With Digital Iron, you can unlock the potential of parts sales that are often overlooked, boosting your revenue and efficiency. Curious how it works? Watch our demo to see the impact for yourself! (Link in comments)

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🔥Fixed Ops Managers🚙 🚙Used Car Managers🔥 🔥General Managers🚗 🚘Dealer Principals🔥 🔥Automotive Professionals🚖 Kevin Deutsch reveals the easiest step to fixing your recon process with intesity. David Long’s All Things Used Cars... Every Friday morning at 9AM EST/6AM PST. Jump into the conversation or be a 🪰 on the wall like me! Either way, you’ll walk away with amazing insights and actionable tips that you can implement at your dealership TODAY to make you and your bottom line better. 💰🤑💵💲 👀 in the comments for a link to the full episode replay of Recon Intensity. #automotive #autodealers #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer #sales #cardealership

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Auto Repair Shops: Why are they (or can they be) profitable? 🔧 They are an essential service 🔁 They have repeat customers 💰 They can have high margins Examples? General Auto Repair Transmission Specialists Tire and Alignment Shops Auto Body Repair Oil Change and Lube Shops Brake Repair Shops Muffler and Exhaust Repair Car Detailing Services Mobile Auto Repair Electric Vehicle (EV) Repair Services Challenges: 🤝 Competition: Many repair shops are competing for the same customers. 📜 Regulations: Must comply with environmental and safety regulations. Curious to know more about profitable small businesses in 2024? Check out our latest blog post {link in comments}! #SmallBusiness #AutoRepair #Entrepreneurship #BusinessTips

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Dealerships need to sell their service department with perks such as a free MPI at the time of a software upgrade (Diamond Hyundai's trick) to compete with the aftermarket. My story for Wards Auto. #autodealerships #aftermarketcompetition #retailauto #servicedepartment

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Anyone in automotive retailing need to read this article from the AADA and Steve Bragg our Lead Partner and Pitcher Partners. It highlights a few of the challenges faced by Dealers and the increased uncertainty in some key areas. But Dealers will be OK as they evolve and adapt, but i am not so sure this time! At present 95% of Dealer costs are fixed because to change this would require the dismantling of 50 years of embedded processes and a religious connection to a retail model which is showing signs of stress (to put it mildly). The gross orgy of the early 2020's is over and nothing in the tea leaves indicates it returning anytime soon, this absorbed the expense increases over that time and still resulted in record profits. Now Dealers are paying 15% or more to open the doors than in 2019. But in 2019 these added pressures on top of expense growth were not present: 1) Consider in 2017 (or 2016) MG delivered 600 cars and in 2023 they sold almost 60,000. Now add BYD, Great Wall, LDV etc etc all wanting some pie. 2) Customers in 2019 were unlikely to be "buried" in a 3 yo vehicle as new prices were not inflated in the prior years as they were in 2020 - 2022. 3) 5 years ago a small % of the workshop was Capped price now it's over 50% for many Dealers and set to go higher, plus increasing tech wages. 4) Consolidation of ownership continues - but volume and size alone won't guarantee a sustainable retail model so how long can legacy structures remain in place and what impact will this have on the market when they change? 5) In 2019 $14,000 gross per employee per month was making 1-2% net profit. In 2024 this Dealer would be unprofitable or marginal at best depending on structure. I totally agree with Wayne Pearson, there is a need for a complete rethink of the retailing model which in my view would have started 5 years ago but for Covid but we are back at this point and the need is even greater. There is lots of work to be done and the retail space is set to undergo more change in the next couple of years than i have seen in my 30 years in the business.

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Pursuit-Rated Vehicle Ins and Outs: https://loom.ly/Ol2VgjU With agencies banning pursuits, fleet managers may wonder why they need #pursuitrated vehicles in their fleets. An expert explains. Plus, Ford Pro, GM Envolve, and Stellantis Fleet & Business Solutions share what goes into their pursuit-rated vehicles.

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What is your biggest pain point in the dealership? High Interest Rates Aging Inventory Training CSI scores PVR Etc. We have a team of dedicated individuals who turn YOUR goals into OUR responsibility. Let's talk. #ads #sales #auto #finance #carsales #automotive #rv

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