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3 Ways Easy-to-Learn Technology is Good For Your Business

by Lindsay Lauck on September 18, 2019

Technology changes every day and, often, businesses have a difficult time keeping up. When your dealership falls behind the technology curve, it’s painfully obvious. Auto dealers, famously, tend to hang onto old technology. While staying put and “making do” with outdated technology is very common, it doesn’t have to be that way. Adopting a...

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The Recipe for Funding Auto Dealers Faster

by Dealertrack on September 17, 2019

The old saying is that too many cooks spoil the broth. But when it comes to finding ways for lenders to handle large volumes of paper contracts until the auto industry fully transitions to electronic contracting, some extra help in the “kitchen” can make all the difference. Taking the measure of the industry Today, the au...

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Drive to Success: Service Lane Optimization Solutions

by Lindsay Lauck on September 16, 2019

The issue of margin compression has shifted from “solution” to “management” recently, as dealers are now finding ways to live with the conundrum, rather than look for an outright fix. For most dealers, the most obvious solution can be found by optimizing the profitability of your service lane. Better customer service, return visits, and bui...

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3 Reasons Your Dealership Should Be Digital Contracting

by Dealertrack on September 12, 2019

We all know that digital contracting is the wave of the future and that its big-picture benefits include speeding up funding, increasing accuracy and compliance, and virtually eliminating re-contracting. But how about the everyday improvements you’ll enjoy when you use less paper in your contract process? 1. No one’s ever gotten a pa...

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Are You Losing Money Across Your Operation?

by Dealertrack on September 11, 2019

This article originally appeared on Digital Dealer here. Just like we run our homes and our lives, we run our businesses by our calendars. It keeps us on track, organized, and efficient. However, the monthly “must do’s” in the dealership – from administra...

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Drive to Success: Fight Margin Compression with Improved Operational Efficiency

by Lindsay Lauck on September 9, 2019

Auto dealers have heard it again and again: People are buying cars, yet margin compression continues to chip away at dealership profits. In some cases, dealers are selling automobiles at a loss! Could a growing focus on operation efficiency really be the path to profitability? Are there hidden centers of income within your business waiting to be op...

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Four Keys to a Successful DMS Switch

by Lindsay Lauck on September 4, 2019

Making a technology change within your automotive dealership can be daunting. You’re introducing fear, change, and relative inconsistency to your entire staff. Yet, staying stuck with old, outdated tools and systems can slow your productivity and leave your dealership in the dark. Often, upgrading your Dealer Management System (DMS) is a must-do....

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Choose Your Own (DMS) Adventure

by Lindsay Lauck on August 28, 2019

Choosing a new Dealer Management System (DMS) is a BIG decision. It impacts everything within your dealership. Your staff will need to learn how to use it, you’ll need to devote serious time to install it, every technology system must integrate with it, and you’ve got to find the right vendor you can trust. The relationship you build—and it...

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Drive to Success: The Future of F&I

by Lindsay Lauck on August 26, 2019

Welcome to the age of the “empowered customer.” Car buyers are doing their homework, and that includes research on financing and insurance, well before they visit your dealership. They need more than a good deal, and it’s up to your team to provide service, security, and incentives for returning again and again. While this may seem intimidati...

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Stay Nimble and Accurate When Funding Loans

by Dealertrack on August 22, 2019

Auto lending is a valuable service for dealerships, with 85% of new cars purchased in 2018 financed rather than purchased outright. Dealers require fast funding to stay cash flow positive, so it’...

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Drive to Success: Digital Retailing for Dealers 101

by Lindsay Lauck on August 19, 2019

Automotive dealers looking to battle margin compression, reach more customers, and grow their online presence must optimize their digital retailing strategy. But what exactly is digital retailing, and what is the best method for implementing your digital retailing plan? With the majority of today’s car buyers beginning their search for their next...

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