This partner post originally published on Hireology’s blog here. Given the coronavirus (COVID-19) outbreak, employers around the world have had to rethink their day-to-day business operations. With many organizations switching to an entirely remote…
Leverage Technology to Take On Margin Compression
Margin compression is an ongoing problem in the auto retail industry. But at least it’s somewhat predictable. Margin compression almost always accompanies economic slowdown—when economic times get tough, profit margins usually start to slim.…
Industry News Roundup: 9/22/2020
In this news roundup from Dealertrack, we examine how dealerships are adapting their fraud detection practices for digital sales, explore the risks to dealerships and customers from DMV backlogs caused by COVID-19 shutdowns, and…
How 2020 Taught Dealers to Optimize
2020 may be the year that no one saw coming. But, as our industry forges ahead through the gauntlet of challenges thrown at us moment by moment, rest assured we’re getting better at what…
Master Margin Compression: Seven Solutions
The lasting impact of global events on the economy is yet to be determined, but dealerships are already feeling the pinch of margin compression. Even as customers continue to buy cars, margin compression and…
FUTURE PROOF YOUR DEALERSHIP WITH A STRATEGIC STAFFING PLAN
This article originally appeared on Hireology’s blog here. BY MIKE MCSHERRY This summer, American auto dealers made two key realizations. First, they can, in fact, sell and service an impressive number of vehicles in…
7 Ways to Fight Back Against Margin Compression
When the going gets tough, the tough get going! That’s always been the mentality of auto dealers during difficult times. When a new challenge comes along (a pandemic, for instance), tough-minded dealers buckle down,…
Dealership Staffing Strategy: Put the Best Team in Place
The automotive industry has itself to thank for making it this far this year. With the ability to think fast on your feet and bring a full, digital retail experience to your customers—in record…
Integrated Solutions: A DMS That Does More
As more and more of the car-buying process moves online, dealerships across the country are demanding more from the technology solutions that drive their business. According to a 2020 Cox Automotive COVID-19 Dealer Impact…
Overcoming Objections: Find Consensus for Your New DMS
The old saying goes, “Change is good.” But, the reality is, “Change can be really uncomfortable.” When organizations switch technologies, make broad structural shifts, or roll out new policies, the decision is never made…
Five Tips Before Rolling Out Payroll Powered by Netchex
New technology within your dealership has the potential to harness your data and unlock powerful insights that improve your business. And as your dealership grows, you’ll likely experience several key technology transitions that help…
Best practice tips for transitioning to a digital dealership
Dealers are currently beating the odds in the face of economic unrest and uncertainty. According to the Cox Automotive COVID-19 Consumer and Dealer Impact Study, dealerships who have implemented digital sales models are exceeding…
