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Auto Dealerships Fortify Local Economies and Increase Sales

Posted by Joe Gargiulo | Thu, Feb 04, 2016 @ 07:00 AM

A study by the Center for Automotive Research demonstrates dealerships across America have a profound effect on their state and local economies. “Contribution of New-Car Dealerships to the Economies of All 50 States and the United States” offers compelling narratives, statistics and graphs while providing dealership owners and employees with just cause for pride and optimism.

“New-car dealerships are found in nearly every community across the country,” states the abstract of the 38-page publication. “Auto dealerships employ more than one million people directly and support over 1.18 million private sector jobs nationwide. These jobs result in more than $143 billion in compensation each year and nearly $19.3 billion in personal tax revenues.”

study by Center for Automotive ResearchThe study also forecasts sales to increase through 2018 (p6) and details industry challenges and trends. “Evolving technology both inside and outside of the vehicle has resulted in new sales and marketing techniques,” and “has also increased competition as consumers are more informed and can easily comparison-shop.”

To stay current with consumer preferences and increase sales, many dealerships are:

  • Outfitting showrooms with large monitors to display vehicle info, commercials, special deals and more (driving simulators are planned)
  • Improving connectivity for shoppers to make informed decisions
  • Remodeling showrooms and adding play areas and restaurants
  • Reducing transaction times
  • Training personnel to sell and service the latest vehicle technologies

Similarly, CrossCheck offers a suite of payment-processing solutions designed to address the preferences of dealerships and consumers alike. For example, C.A.R.S. streamlines the check-processing and guarantee functions, allowing dealers to spend more time addressing sales and buyer needs. The service combines check guarantee services, remote deposit capture, hold check and C.O.D. — all in one convenient payment service. Download our free guide to learn how it can mitigate risk, increase sales, and save time and money for your dealership.

auto dealer remote deposit capture

Topics: Auto Dealerships, Increase Sales

Written by Joe Gargiulo

Marketing Specialist Joe Gargiulo has 25-plus years in marketing, communications and copy writing. As a writer, he enjoys connecting story leads to all aspects of the human experience.