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Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 61.5% approval rate for October, a -4.9% decrease from the previous month (64.7%). A year ago, the approvals rate was just 75% during the same month.
Throughout 2016 the lease credit approval rates have been volatile, fluctuating from month to month. As a whole, this year’s approval rates have been down in comparison to…Continue
Added by John Sternal on November 17, 2016 at 6:34am — No Comments
Depending on what state you live in, you might go to the DMV (Department of Motor Vehicles), MVD (Motor Vehicle Division), RMV (Registry of Motor Vehicles), or other similar agency to handle anything to do with licenses, IDs, titles, and registrations. It’s no secret that visits to these offices are some of the most dreaded. A study a few years bank was even able to rank states based on wait times and satisfaction. Even with this information and the long standing knowledge that going to the…Continue
Added by Derek Crowden on November 17, 2016 at 2:52am — No Comments
While some people are fortunate to have a beautiful old classic car that’s in great condition, most of us have an old car because we’re trying to save money. The problem is that a tight budget can cause us to neglect car maintenance and repairs, which can ultimately end up costing more money than it saves – apart from being extremely dangerous for you and other drivers.…Continue
Added by Ann Hoge on November 17, 2016 at 2:49am — No Comments
Olathe, KS, November 15, 2016 – LotPop, the virtual dealership management team for franchised new car and independent used car dealerships, announced today LotScore powered by LotPop, a weekly report of a dealers’ top inventory, market and pricing indicators to help drive more used car sales at higher margins.
LotScore will challenge dealers to question how they traditionally look at inventory management.
“Dealers using inventory management systems have access to so…Continue
Added by Jim Leman on November 15, 2016 at 1:26pm — No Comments
Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…Continue
Added by Black Book on November 15, 2016 at 10:00am — No Comments
Urbandale, IA--November 15th, 2016--Kia of Puyallup has increased the volume of its website visitors by 23 percent, video views by 500 percent, new car sales by six percent and used car sales by three percent since implementing a new video marketing strategy using…Continue
Added by Timmy D. James on November 15, 2016 at 10:00am — No Comments
Swapalease.com, the nation’s largest online car lease marketplace, today released its first-ever quarterly report on auto leasing, available by clicking here.
The auto lease trends report covers a…
Added by John Sternal on November 15, 2016 at 9:30am — No Comments
This Week in Social Media
News for the Week of November 14
Instagram Adds More Features to Stories
New Instagram Stories features, including…Continue
Added by Joey Little on November 15, 2016 at 9:00am — No Comments
The power of the Internet coupled with how to sell to Millennials – now the largest generation in the US – has sent many in our industry into a tailspin. Since more people prefer to research and shop online, visits to an actual dealership are at an all-time low. Buyers today visit slightly more than one dealership before buying, down from 4 to 6 visits a few years ago. As a result, dealers are not seeing as many walk-ins, and it’s becoming difficult for manufacturers to control the…Continue
Added by izmostock on November 14, 2016 at 2:21pm — No Comments
Added by Ujj Nath on November 14, 2016 at 5:30am — No Comments
Since more people prefer to research and shop online, visits to an actual dealership are at an all-time low. Buyers today visit slightly…Continue
Added by izmostock on November 11, 2016 at 9:30am — No Comments
Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to…Continue
Added by Black Book on November 11, 2016 at 6:30am — No Comments
Just about everything we buy now has some sort of smart technology—and as soon as new products are created, safeguards must be put in place to protect consumers and their purchases. While we’re excited when new technology is introduced, we’re wary of those who wait on the sidelines and try to sneak their way in. When it comes to automotive,…Continue
Added by Joey Little on November 10, 2016 at 12:10pm — No Comments
Added by Ken Hite on November 10, 2016 at 12:00pm — No Comments
We’re well into conference season and some conferences can be quite overwhelming -- Exhibit halls packed with hundreds of vendors all vying to talk to dealers and hundreds of speaking sessions to choose from.
Conferences can also be a significant expense for a dealership, especially if multiple employees are sent. However, if planned well,…
Added by Tim Clay on November 10, 2016 at 5:30am — No Comments
If anyone experienced the great misfortune of not being able to attend AutoHook's J.D. Power AMR panel that had attendees lined up against the walls, I've got you covered. Below is a condensed collection of key insights from the session, We've Got the Data! Now What?
I know you’re probably all tired of hearing the term “big data.”…Continue
Added by David Metter on November 9, 2016 at 11:30am — No Comments
Before the Internet people chose who to do business with based on their community and word-of-mouth. There were no review sites. Now, however, review sites are flourishing -- just about every third party listing service has adopted them and there are many stand-alone services too.
Consumers increasingly conduct their research online during their car shopping…Continue
Added by sara callahan on November 9, 2016 at 9:16am — No Comments
Added by Josh Whitlatch on November 9, 2016 at 8:30am — No Comments
One dealer in Florida is taking a stand to ensure that pre-owned vehicles with open recalls never hit the streets. When the Takata airbag crisis first reared its ugly head, Earl Stewart of Earl Stewart Toyota, started informing customers of in-stock vehicles with open recalls by clearly marking them with signs, while still continuing to sell them.
In June of…Continue
Added by Chris Miller on November 9, 2016 at 8:02am — No Comments
Last time, we discussed how imperative it is for your sales advisors to recognize, understand and empathize with the emotions of each buyer. Discerning emotions can impact the approach and the sale. And this, readers, directly influences your dealership’s reputation!
Women & Reviews: A Closer Look…
Added by Anne Fleming on November 9, 2016 at 7:42am — No Comments