Today's automotive dealerships must maximize profits from every revenue center. Good managers at auto dealerships also understand that revenue depends on customers. However, without a good customer retention program, you're likely missing out on potentially substantial income. One way to improve ...

Auto dealer equity programs are a burgeoning business idea that's gaining momentum among automobile finance managers, dealer principals, and general managers. Equity Programs are customized financial products designed to enable auto dealers to cater for the costs of product and service ...

The ultimate goal of every business, including dealerships, is to convert leads into sales. An F&I business manager is usually the last stop before a customer makes any purchase in your dealership. The sales department hands over potential clients to these individuals to complete the deal.

Auto dealership owners need to focus on one key concern — providing excellent customer service that leads to retention. It is vital to do everything you can to transform first-time customers into lifelong clients. Luckily, retaining a successful relationship with your current clients is easier and ...

Have you ever had an employee miss work in your dealership? Whenever one of your employees fails to show up for work, your business is disrupted, and its bottom line gets damaged. Having the right person to stand in for the absent employee in such cases can help your dealership remain operational. ...

For your dealership to be successful, you need to master the art of continuously attracting clients and ensuring customer loyalty. In fact, it is much easier to retain your customer base than to attract a new lot of clients. Additionally, various reports state that increasing your customer ...

For any business to thrive, the sales processes must be stellar, as should the customer experience. The secret lies with the F&I process. This process begins after the client commits verbally to buying an automobile. Therefore, it calls for a strong finance and insurance department tasked with ...

Nowadays, there are multiple state and federal regulations regarding automotive dealerships. These regulations' primary intent is to protect consumers as well as employees from unethical practices. You risk paying hefty fines and other consequences if you run afoul of these regulations, not to ...

According to Statista, there were over 3.5 billion social media users worldwide in 2020. Forecasts indicate that the figure will increase significantly in the next decade. Most of the businesses have noted opportunities and are adjusting their marketing strategies accordingly. Besides, the current ...