2020 Vision: Integrated Solutions in a Digital World

by Lindsay Lauck on March 18, 2020

In this month’s Dealertrack DMS 2020 Vision Series—where leaders and experts share goals, aspirations, and predictions for the automotive industry—our Director of Business Development shares his thoughts on the emerging trends affecting dealers. In his role, Tyler Anderson has the opportunity to hear from focus groups, customer advisory board...

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Revealed: The Missing Metrics Needed To Fight Margin Compression

by Dealertrack on November 20, 2019

Sell more, make more. The formula for dealership profits used to be pretty straightforward. Managers that focused on increasing sales volumes could logically expect to see higher profits. Times have changed. According to a recent report from the National Automobile Dealers Association (NADA), for the first time in a decade dealerships on average...

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Maximizing Titling Efficiency to Boost Inventory Turn

by Dealertrack on June 13, 2019

Economic trends indicate that plateauing SAAR for new vehicles is likely to continue, which means that used vehicle sales will be particularly important. This isn’t surprising news, but it reinforces the importance for dealers of focusing on areas to improve efficiency. One improvement dealerships can make is in back office technology...

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Drive to Success: The Growing Gap of Margin Compression

by Lindsay Lauck on October 1, 2018

Have a leaky faucet? There’s an easy fix for that. Fighting margin compression? Well, that’s another story. The problem of combating margin compression at your auto dealership is more like closing an ever-present gap that continues to grow. Selling more cars, having the best sales team on the block, and beating the competition might be within y...

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Solving the Mystery of Margin Compression

by Dealertrack on August 22, 2018

Margin compression is a known problem in the auto sales industry. It has been for years. And yet, there’s a mystery surrounding the problem that most dealerships can’t crack. Too often the knee-jerk reaction is to work harder and sell more cars. But as sales go up, profits go down. And the mystery deepens. So, what can be done to reverse the tr...

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