Used Car Valuation Difference | Download Learn about an exciting and totally different approach from many new online valuation and wholesale tools to use for used car valuation in this “Q&A You Need to Know” by The Appraisal Lane (TAL) . Download this White Paper for FREE by completing the
Since 2013, eLEND Solutions’ annual survey has examined the disconnect between actual start-to-finish purchase transaction times and what dealers believe is the “ideal” time consumers should spend in a dealership buying a car. This year, the disconnect has diminished somewhat versus the previous year, with transaction times showing a marked
The modern sales funnel has created an exciting new opportunity for auto retailers to grow their aftermarket product penetration and profitability. The strategy involves “seeding” desire for aftermarket solutions at the many touch points a customer interacts with to buy a vehicle: online, in the media, and at the dealership.
Last month, we discussed processes for delivering adverse action notices required by both the Fair Credit Reporting Act (FCRA) and the Equal Credit Opportunity Act (ECOA). This month, I want to touch on a few points for emphasis and clarity. A finance company that has denied credit to a customer
While more millennials and Gen Xers leave suburbia for the city and take on a new, less committal relationship to cars, the automotive industry is pivoting. With the introduction of car subscription and concierge services by major auto brands, a huge swath of consumers no longer feel they absolutely need
Alright, coach, it’s the third week of the last month in the sales quarter. Your team hasn’t quite hit its quotas for the month or quarter, and you’re running out of time. The pressure is on to get your best players on the field and finish the sales quarter strong.
As an auto dealer, you’re well aware of website and advertising compliance requirements, and the stress that they can cause you—as well as the time it takes out of your busy schedule to oversee any required corrections. And because of the vast open market that is the web and the
Compliance. It’s a word that can make us all cringe. It also carries the stigma of requiring your dealership to add additional steps to its already-hectic daily workflow. Reluctance to change is understandable because the fear of an unknown result—as well as your comfort level with existing procedures—could hinder your
We know that the record sales we’ve enjoyed in recent years cannot—and will not—continue much longer. Soon, dealerships may have to look elsewhere for ways to maintain their revenue and profitability. Fortunately, the best path forward is already right in front of you. Or, better put: The best path forward