Struggling dealerships, perhaps which have lost lines, can make great add-on businesses for existing dealerships, suggests Katrina Loftin-Winkel, managing partner at BTI Group Mergers & Acquisitions, the largest and most active merger and acquisition firm serving the western United States. Add a comment
When a business is in partnership with channel partners, it is necessary to have a good channel incentive program. This will help boost channel sales and increase revenue and profitability of the business. However, to ensure that the program runs properly, it is necessary for the businesses to follow best practices. These practices involve many things, such as setting goals, proper communication, and rewarding end customers appropriately. Add a comment
Say “auto chat” and a handful of vendors come to mind, including Contact At Once!, who pioneered chat in online advertising and still remains the only solution that lets dealers use the same chat tools in online ads, on OEM sites, in social media, on dealer websites, and more. Add a comment
Lots of people dream of being rich, or becoming famous, or writing a book, or seeing the world…someday. But very few people actually accomplish their dreams. It's actually pretty sad to think about. We encourage our youngsters to be dreamers, but does anybody really expect to see those dreams materialize? Add a comment
If DMS is like oxygen in the car business, why has it become so hard to breathe?
Well, the reasons are many. Never before have we seen a shift in the way cars are bought and sold using technology than we are now. From Service to parts to sales and even resales, customers live and breathe online. If this is true, it is critical that dealerships prepare in advance what they know in advance. Add a comment