Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders
The world of vehicle finance can be very confusing to the average person. If you do not finance cars often, you may be a little overwhelmed by all of the jargon and information involved. Here are a few of the more commonly asked questions regarding…Continue
Added by Tony Chips on August 12, 2019 at 9:00am — No Comments
Looking for setting up Roku? If so then this article is worth reading. First of all, we would like to congratulate you on the purchase of a brand new Roku device. Yet you need to get it fully operational. Let us tell you that roku.com/link is the default web address…Continue
Added by Nikita on December 30, 2018 at 9:56pm — No Comments
It’s why studies like the AutoTrader Car Buyer of the Future study are so important. It says that just 17 of more than 4,000 people surveyed think the car buying experience is good like it is, and that 72 percent want to…Continue
Added by CPI Results on March 6, 2018 at 9:21am — No Comments
The credit score of the borrowers is the main factor whether they get the adequate financial assistance or not. If the borrowers have good credit ratings, no lending institution would deny their loan application and the fund disbursal would be on full guarantee. People…Continue
Added by Ella Velasco on September 11, 2017 at 3:30am — No Comments
According to a recent report from the JPMorgan Chase Institute, many Americans need more than a year to recover from a $1,500 financial hit.
That’s apparently the approximate amount nearly 40…Continue
Added by Tim Clay on February 22, 2017 at 5:30am — No Comments
Are you feeling trapped under the weight of multiple debts and desperately seeking debt consolidation funds? Do you want to merge all financial liabilities into an affordable debt? Debt consolidation loans for bad credit…
Added by Libby Rogers on October 14, 2016 at 2:30am — No Comments
It’s a well-known fact that consumers these days have a wide variety of choices for their automotive service needs. They can get their vehicle serviced at their dealership, independent service center, or at a local mechanic. Many even mix their choices up depending on the type of repair or service needed. It’s not uncommon to see a customer come to the dealership for major…Continue
Added by Tony Orlando on March 21, 2016 at 4:22am — No Comments
The car business is a people business. Because of that, dealerships see customers from a variety of backgrounds, income levels and credit histories. And, for a salesperson or manager, there’s nothing more disheartening than to spend a lot of time with a customer just to discover that they are credit challenged. Despite that, many dealerships will do their best to land the…Continue
Added by Paul Moran on March 11, 2016 at 6:08am — No Comments
One of the biggest issues facing dealerships in the sales process is compliance. There are a number of pitfalls dealers face. Many of these have to do with “transparency.” This basically means being certain the dealership personnel treat everyone the same -- especially when matching them up with the correct financing. Finance reserves are a hot topic right now between NADA…Continue
Added by Ken Luna on January 25, 2016 at 3:58am — No Comments
The extended warranty your dealership offers is not considered a true automotive warranty. Extended warranties cover things like auto repairs and maintenance for a certain period of time. A Dealerships true warranty includes the cost of the vehicle and service contract – as they cost extra and are sold separately. With the right CPO program you…Continue
Added by Christine Floreno on January 23, 2016 at 4:30am — No Comments
One of the fastest growing practices that dealerships are utilizing to increase sales is prescreening a Service Customer that has either made an appointment to have work done on a vehicle or just shows up. In addition, there are numerous companies that offer equity calculations not only on vehicles that bought from the dealership but even those that did not. The “Auto…Continue
Added by Ken Luna on December 8, 2015 at 6:48am — No Comments
Should the auto industry be paying closer attention to SubPrime Leasing? Recent comments from KBB and Autotrader analysts said competition might be encouraging lenders to explore this profile further. Butbelieves this is a segment that not only offers lower-than-expected risk, but one that could benefit from more leasing options.
Added by John Sternal on June 10, 2015 at 1:59pm — No Comments
Bad credit car loans can be referred to as loans or financial products that are designed especially for individuals that have an impaired credit history. If you are planning to opt for these loans, you can be assured that you will be offered loan of up to at least 150% of the value of the car. This holds true for car loans for bad credit rating in Melbourne and also across the whole of Australia. This percentage of the loan…Continue
Added by Allan Lloyd on March 20, 2015 at 4:18am — No Comments
Target’s massive data breach, which caused an estimated 40 million credit and debit cards to be compromised during the holiday period, will end up costing them more than just headaches. Target first became aware of the breach a week prior to announcing the breach to the public. This slow response time imperiled consumers.
I was personally affected by this…Continue
Added by sara callahan on January 8, 2014 at 6:03am — No Comments
It's that time again! AutoUSA is collecting responses to its annual Fall Internet Marketing survey. Sales Managers, Sales Directors, Internet Sales Managers, BDC Managers, Internet Directors, General Managers, dealer principals and others involved in auto dealership Internet Marketing are invited to participate.
The survey is just 15 questions and will take less than 15 minutes to complete. When all responses are collected, we will randomly select one survey participant to…Continue
Added by Josh Vajda on September 11, 2013 at 7:33am — No Comments
2013 is shaping up to be a good year for auto retailers, with sales expected to top 15 million for the first time since 2007. Several contributing factors to this success are credit-related, with more consumers qualifying for loans, lengthier terms and rising interest rates.
In its June 2013 State of the Automotive Finance report, Experian documents that subprime loans are on the rise again and that consumers within all credit tiers were able to obtain financing in Q1…Continue
Added by Josh Vajda on August 27, 2013 at 9:54am — No Comments
Added by JB Floyd on May 28, 2013 at 9:30am — No Comments
What legally defines a merchant who uses a self-funded, in-house financing program? Any merchant extending credit of any kind to one or more of their customers is this type of merchant, whether they realize it or not.
They may be running an in-house financing program using their own money, or they may simply be allowing a customer they’ve known for years to pay a few days late which constitutes…Continue
In today’s market, many dealerships are leaking money. They are unknowingly minimizing, rather than maximizing, the effectiveness and profitability of their marketing efforts. The source of this leak is a brilliant invention more than 130 years old. It is also the instrument used for endless marketing efforts, oftentimes by some of lowest paid
(and least trained) employees in a company. I am referring, of course,
to the telephone. The good news is this leak can be…
Added by Glynn Rodean on July 2, 2010 at 11:00am — No Comments
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