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All ADM Blog Posts Tagged 'recession' (9)

Will new rise in subprime auto loans trigger more problems?

It’s like Déjà vu all over again. A rush of subprime car loans to buyers with a dubious ability to pay them back ending well is about as likely as Florida Gulf Coast University making it all the way to the NCAA Final Four. According to an Automotive News article last week (http://bit.ly/YE7UQ9),…

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Added by Big Tom LaPointe on April 7, 2013 at 7:00am — 5 Comments

Banks Unable to Differentiate Between Profitable Auto Dealers and Auto Industry

Banks are unable to differentiate between successful car dealers and the automobile industry. treating all dealers the same, assigning high risk labels to everyone, and looking for reasons not extend floor plans and thereby penalizing the successful car dealers in order to balance out their concern about exposure. Successful dealers that depend on borrowed money to grow their inventories, their companies, and ultimately the economy, are unable access… Continue

Added by Grant Cardone on September 2, 2009 at 9:00am — 1 Comment

Requiem for a Heavyweight

Flint, MI… 6-01-09

When Dinah Shore sang “See the USA in a Chevrolet”, GM was rolling solidly on all four wheels; over 600,000 were employed globally, and they had a fat 51% market share. Now, GM stock is the price of a newspaper and soon to go away, market share is 21%, and when things shake down, only about 40, 000 people will be GM employees world-wide. Being in the broken heart of the GM bankruptcy this week and being surrounded by a very somber state of Michigan is very tough to take.… Continue

Added by Jim Vogel on June 2, 2009 at 4:27am — No Comments

An Important Message

http://heavens-gates.com:80/usworkers/

I am a very proud Native Detroiter.

Bless you boys (and ladies)

Jim (salestherapist)

Added by Jim Vogel on April 20, 2009 at 5:17am — 1 Comment

LOWER PRICE + LOWER VOLUMES IS FORMULA FOR DISASTER by Grant Cardone

Price is always a very sensitive issue, especially during times of contraction, when money is tight, consumers are scared and more selective with their money. The first response (incorrectly) is to reduce price in order to make up for less volume. It is a myth that a lower price will sell your product and a formula for disaster.



Unless you are Wal-Mart or the Dollar Store that have entire business models built around very small margins and high volumes, the lowest price model will… Continue

Added by Grant Cardone on March 30, 2009 at 9:00pm — No Comments

A RECESSION IS A TERRIBLE THING TO WASTE by Grant Cardone

"A recession is a terrible thing to waste so make the most of it", is what I say. No one in their right mind would ask for this severe of an economic contraction as they prove so painful and inflict so much financial damage (as already has been proven). While no one would ever wish this, even on his best competitor, the reality is there are many benefits and opportunities created by them:

1) Competitors so involved in the problems they can't see a solution if it walked in and laid… Continue

Added by Grant Cardone on March 28, 2009 at 2:19am — 6 Comments

Go the Extra Mile and Ensure Loyalty with Women Customers

Now is time to go the extra mile and ensure loyalty with your women customers through creating a culture of customer service.



There is a high correlation between customer service and customer loyalty. A study by the Society of Consumer Affairs Professionals in Business found 70% of online customers rated themselves "very likely" to make repeat purchases from companies that respond to and resolve issues.



With these few basic tips you can create and maintain loyal women… Continue

Added by Jody DeVere on March 12, 2009 at 9:50pm — No Comments

It is time to re-instate the Ownership Marketing

I don't know how you feel but I think that our role as Internet manager, Internet Sales person or eCommerce Director is drifting into the direction to be a Dealerships "Marketing Manager". More and more, especially in these times we are in right now, dealer principles and GM's are coming up with the questions "What can we do to save more money?" or "How can we shrink the ad/Internet budget?"



The role to get the people in and selling them a car is still there but the responsibility to… Continue

Added by VJ on February 6, 2009 at 12:35pm — No Comments

Google's "Insights" into An Automotive Brand Search Recession

You can view my original post on Search Marketing Sage.



Automotive OEM manufacturers are some of the biggest spenders in Pay Per Click Advertising. All automotive OEMs advertise on their own brand names – even though they already have number one natural results for their brand names. Some marketers are critical of advertising on brand terms that they already rank… Continue

Added by Tad Miller on November 19, 2008 at 6:29am — No Comments

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