Thinking of starting a car dealership? You’ll be in good company and want to launch the venture with the help of an auto dealer management system. This two-part series will explore the challenges and intricacies of being a new car dealership and why one would need a reliable and robust dealer management system (DMS). We begin with a description of the retail automotive space and related statistics.Read More
A consumer just found their dream car and believe they got a good deal from one of the local auto dealerships. Isn’t this one of the big things in life? Of course it is.
Being a savvy shopper, this consumer knows the car depreciated 10 percent the instant they drove it off the car lot and that it will depreciate another 10 percent over the first year of ownership. They may also be aware that studies show it will lose about 10 percent of its value each year over the next four years.
If one does the math, this means that after five years, it is going to be worth about half or even 40 percent of the original sale price. Many people, including me, find this to be a scary statistic.Read More
In our previous blog, we listed ways for consumers to leverage preparation as a means of speeding up the sales process at auto dealerships. As the old Boy Scout motto says, “Be Prepared!”
This second article in the two-part series discusses how to accelerate the process once consumers arrive at dealerships. The discussion begins with a brief explanation of dealership interests.Read More
A recent survey of 1,000 U.S. adults by Capital One Auto Finance found that most consumers are not confident when it comes to understanding the process of buying a car at auto dealerships. Only 20 percent of consumers feel sure of themselves when buying a car. On top of that, 62 percent of those surveyed believe they did not get the best price on the last car they bought. Ironically, almost half of those surveyed said that getting the best deal was the single most important part of the car buying process. Fully 82 percent said that negotiating the price is still necessary.
In perhaps the understatement of the year, Jeff Rabinowitz, managing VP of Capital One Auto Finance, said, “The current state of trust and transparency in car-buying needs to be addressed.”Read More
“Diagnostic equipment does not tell you what’s wrong,” said Gary Uyematsu, the national technical training manager at BMW of North America while discussing the auto service technician shortage. “It’s just a tool, and a diagnostician needs to interpret the messages.”
Similarly, most articles about the auto service technician shortage provide the tools for analysis, but few sources have interpreted the messaging. This analysis of the shortage connects the dots and finishes with a holistic solution.Read More
Tags: Auto Dealerships
Whenever you attend a show this big, you always have to wonder: who is the target audience?Read More
Leaving good impressions on clients is one of the most important priorities of any business. In addition, there is no better way to understand the value that companies offer than to hear it from the individuals who “buy the product.”
CrossCheck recently visited President Kevin Massie of Napa Ford Lincoln who graciously allocated time to share his experience using CrossCheck services. In the below video, he talks about the reasoning behind how and why he chose CrossCheck to be his check guarantee provider for the last 12 years.Read More
Tags: Auto Dealerships
I just returned from visiting the 2019 NADA Show, a four-day annual conference by the National Auto Dealers Association (NADA). This year’s event was held Jan. 24 – 27 at Moscone Center, a complex composed of three buildings on 87 acres in downtown San Francisco. This is a really big show with 22,000 attendees, including 10,000 new auto dealers from all over the country. The tradeshow floor is enormous, and some individual exhibits are the size of small department stores.Read More
One of CrossCheck’s finest, Senior Vice President Charles Dortch III, will be the featured speaker at a business luncheon by the Sacramento Chapter of the Auto Dealers Office Management Association (ADOMA) on Feb. 19. He will discuss the lifetime customer value offered by CrossCheck services and how they help increase sales and mitigate risk while saving time and money.
Highlights include CrossCheck's Auto Industry RDC Solution (C.A.R.S.), Flat Fee Warranty and Plus Sales (for checks declined by other vendors). He will also cover the services of two CrossCheck affiliates, Constant Processing and Qualia Collection Services.Read More
In 2018, these dealers sold 11,786,069 new trucks and SUVs, an increase of fully 8 percent in this segment over 2017.
They also sold 5,488,181 new passenger cars, a decline of 13 percent from the previous year.
The average price of a new vehicle is $36,000. If you multiply 17 million by 36,000, you will see the extent of what new car dealers contribute to the American economy. My calculator doesn’t go that high.Read More