Car Shoppers Get Temporary Reprieve as Interest Rates Drop to Lowest Level of 2019 in May, According to Edmunds Analysis
Edmunds analysts caution that things aren’t going to get much better for car shoppers through the summer due to automakers curbing production to adjust to slumping demand.
8 Trends Your Dealership Should Pay Attention to in 2019
With the sophisticated technology in today’s cars, you need better equipment, better-educated technicians and faster ways to organize, track and adjust your lean processes. Everything needs to be done quicker, and you need to embrace technology in this digital age.
A Recap of the 2018 Used Vehicle Market & Outlook for 2019
While margins for new vehicles continued to decline in 2018, margins for used vehicles improved. The stars were aligned perfectly to make 2018 a banner year.
How Much Should You Invest in Your Time To Line?
How much money are you spending to manage your time to line (T2L) — the days it takes to get cars from acquisition through recon to sales-ready status?
Is Your Customer Retention Costing You Opportunity?
It’s time for you to get committed and start holding everyone accountable for their individual performance to get on track for making this your best year ever in fixed operations.
A Bonanza Seeking Investors
T2L is “time to line,” a profit-improvement strategy built on a complete cloud-based platform for managing the time it takes to get used cars from acquisition through reconditioning and to the sales line, or at least to where you know what price to accept to cover recon costs and make money.
George Dans Launches ‘Market Disruptor’ iMobile Training Platform
Managers can track the time their reps have spent on the platform and track their progress. Managers can also assign training modules to their entire team and work on specific training over a period of time.
Podcast: Moving Inventory with a Photos-First Workflow
Rapid Recon’s Dennis McGinn speaks with us about using a photos-first workflow to sell inventory more quickly.
Using the Deming Wheel to Drive CPI and Used Car Profits
When I helped develop workflow models for Hewlett-Packard systems years ago, we applied the Deming Wheel to our efforts. I submit that you should consider applying it to your dealership operations as well. What this device describes and encourages is fundamental to any continuous process improvement (CPI) effort to make your dealership more profitable. Precisely
Easing Recon Woes for Fixed Ops Directors
“We sometimes lose sight that used cars should be the most profitable department in the entire dealership. The reconditioning department can play a lesser or greater role in that outcome.”
Winning the Used Car Sourcing Game: Quicker Turn Time and Increased Profits
“The good news is that there are software solutions that offer a more advanced, more profitable way to approach pre-owned car sourcing. This allows dealerships to acquire cars that are in high demand, turn fast and increase margin, often while being very easy to come by.”
How a Recon Management Program Can Benefit Your Dealership
A recon management program is designed to help control the reconditioning process at a dealership. While all dealerships have a process for handling how they get cars frontline ready, not all do this efficiently. The recon management program is an opportunity for the dealership to take back control of the reconditioning process by controlling speed, cost, time and morale.
