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Auto Dealers Moving Forward: How to Manage Used Inventory
2013-01-08 18:33:30| AutomotiveDigest.com - Automotive Industry News
Cleaning up aged inventory can be a painful lesson, so its important to learn from your experience. Here are some tips to assist auto dealers in building a process for managing used inventory in the future. Perform a whole-lot inventory analysis. Assess the value of every vehicle on your lot so you can determine the right mix of core and non-core inventory. Use this information to determine optimal turn cycles as well as the right time to buy and sell inventory. It can also help you price competitively for your market. Have an exit strategy for every car that you acquire. Source vehicles so you can retail them; dont let their wholesale price determine your pricing strategy. Instead, take into consideration whether that vehicle is appropriate for your market does it have the right equipment, features and options? If you live in the mountains and youre looking at a convertible, can you really turn it in 60 days or less? Reset the way you look at used cars. Unlike good wine, used cars on your lot dont get any better with age. Approach every used car acquisition with an eye to move it quickly. Continue reading for more tips from the experts at AutoTrader.com. The Article Auto Dealers Moving Forward: How to Manage Used Inventory appeared first on AIN Media.
Tags: used
auto
forward
moving
What Compliance Moves BHPH Dealers Should Make
2013-01-07 23:05:41| AutomotiveDigest.com - Automotive Industry News
The BHPH industry faces some important new legal and regulatory challenges from the newly formed Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and the attorney generals' offices in each state. All of these regulatory authorities will be monitoring consumer complaints to identify regulatory violations and those operators who are violating the rules. These regulators will investigate consumer complaints and have the authority to levy substantial fines for non-compliance. Ken Shilson, president of the National Alliance of Buy-Here, Pay-Here Dealers, offers advice and urges dealers to be more aware of the new federal laws governing dealerships and to be sure they are in compliance with these regulations.The Article What Compliance Moves BHPH Dealers Should Make appeared first on AIN Media.
Tags: make
compliance
moves
dealers
Driving sales - Auto dealers hope to ride momentum
2013-01-06 23:24:43| Auto Dealers - Topix.net
Dwayne Blackmon's Chevrolet dealership, like other dealerships across the regions, saw business pick up in 2012.
Licensing issues cause fines for Okla. car dealers
2013-01-06 00:56:31| Auto Dealers - Topix.net
The state agency that oversees Oklahoma automobile dealerships has issued more than 100 sanctions in the past year to dealers that employ unlicensed salespeople.
Tags: car
issues
licensing
dealers
Auto Dealers: Will you be the Champion in 2013?
2013-01-05 19:02:13| AutomotiveDigest.com - Automotive Industry News
In a broader sense, nearly any sort of competition can be considered a championship, and the victor of it a champion. In the automobile industry you as a dealer are a competitor and want to win every deal. We all look for ways that we have the advantage in winning each deal; ultimately the champion has the edge. As you reflect on this year and forecast for next, think about your role as a champion within your dealership. What better time than now to embrace the idea of being a champion. Laying out our forecasts and wishes by themselves will not be enough to make them come true. Keep reading as Howard Leavitt, president of AutoRaptor CRM provides his insight. The Article Auto Dealers: Will you be the Champion in 2013? appeared first on AIN Media.
Tags: auto
champion
dealers
auto dealers
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