Recently, major shifts in the automotive industry have all been traced back to the COVID pandemic. While we could talk all day about the numbers and what it means for dealerships now, what we should be talking about is what dealers can learn from this entire dilemma. While we’ve experienced multiple recessions, we have never experienced a pandemic in the automotive … [Read more...] about The Importance of Diversifying Your Revenue Streams at Your Dealership
Business Development
Why You Shouldn’t Let Hiring & Coaching Take a Backseat To Your Business Operations
The COVID-19 pandemic has had an economic impact on almost every industry, including automotive. But adaptable car dealers have embraced their new selling environment—scheduling virtual appointments, making pickups/drop-offs for service appointments standard practice, and investing in digital retailing. Though business has gone on, many dealerships have had to do so while … [Read more...] about Why You Shouldn’t Let Hiring & Coaching Take a Backseat To Your Business Operations
This Is How Automotive Retail is Transforming
Transformation isn't about improving, it's about re-thinking.- Malcolm Gladwell In the earliest of days, weeks, and even months for auto dealerships returning to business (open doors at the facility), we are getting some encouraging early indications of leads being a decent volume, retail sales bouncing back a bit, and revenue and profit returning to levels of operational … [Read more...] about This Is How Automotive Retail is Transforming
How Prioritizing Innovation Is Your Dealerships Golden Opportunity
I love thinking of ways I can better serve my clients, build my business, and pursue my passion project, Carearing. But it's not always as easy as sitting down and making it happen. When you talk to people about innovation, it's either referred to in a reverent, mythical way or the person you're speaking with rolls their eyes because the term has become so overused it has … [Read more...] about How Prioritizing Innovation Is Your Dealerships Golden Opportunity
Your Raise Will Become Effective When You Do
Want a Raise? Your raise will become effective when you do. Are you the most effective business manager you can be? Have you tweaked every detail in your process to perfection? I have a tip for you - $4 000 is the new $3 987. Do you want to make an incremental difference in your production and income by making a minimal change? Pay attention to the details of your current … [Read more...] about Your Raise Will Become Effective When You Do