Maintaining your profit margins as a car dealership isn't easy. You're often subject to shifts in the market that are out of your hands. One month people are buying fuel-efficient sedans, the next gas prices are low and SUVs are king. The same concept can be applied to recent trends with new and used vehicles. How you react to these shifts will determine whether you sink or swim.
The concept of cost-cutting is an age old mantra in the business world. Spend less money, make more money. In practice it's not so simple. How do you identify the areas that truly need a trim and how do you get the most out of your cost-cutting measures? We don't have all the answers here, but we do have a few ideas.
Not all cars are created equal. Some cars are simply functional. Some have an exterior that excites at the car dealership only to disappoint with poor performance when on the road. Some, however, some cars simply must be seen to be believed. These luxurious sports cars marry style and performance in a way that no others do. Here are just a few of 2018's best sports cars.
This year's NADA show will open its doors on Friday, March 23rd and it's shaping up to be an enlightening weekend. NADA is much more than just an automotive expo, it's an educational experience. People from all over the industry come together to share their knowledge and learn from each other. NADA 2018 will also feature over 100 educational workshops, 500 exhibitors and a host of talented keynote speakers.
The new year is upon us at last and it's time to take a look at some of the top auto trends to watch in 2018 so that you can position yourself for success. Let's just get right into it.
The team at ReconTRAC would like to wish you and yours a very Happy Holiday season. We know it's a crazy, hectic, wonderful time of the year. So, we'd like to help make your job easier. We have some exciting news to share with you about a new optional integration feature now available to all CDK users. If you'd like some additional information about this optional feature, click here to contact us.
Consumers are getting smarter about their purchases, and that could be a challenge for your bottom line. It's funny how dealers are still subject to the age-old stereotype of a greedy salesman leaning back and counting stacks of money when your modern car dealership has to sell more, sell faster, and sell smarter just to keep the doors open.
Hurricane season has been especially brutal this year, with damages from Harvey costing as much as $180 billion and damages from Irma trending upwards of $100 billion. While most of the recovery expenses will go towards property damage, a large portion will go towards vehicle losses due to extensive flooding from the storms.
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