Retail floor planning (aka floorplanning or inventory financing) is a line of credit that allows dealers to purchase automobiles using their retail inventory as collateral. It’s a common industry practice, but whether you’re a franchise or an independent automotive dealer, floor planning is..
Just like much of our lives, everything about car buying and selling is shifting significantly into the digital space. Dealers can now rely on a wealth of information at their fingertips to make better-educated decisions about their inventory and competition. Even if you’re experienced with the..
Shopping auction cars can be stressful. Worst case scenario, you bring in a used car that consumes your reconditioning budget and then sits on your lot, further decreasing its value and your potential profits. That’s not a situation any dealer wants to be in. A quick turnaround to score huge..
![How To Improve Your Vehicle Inventory Management [11 Tips]](https://blog.dealerspecialties.com/hubfs/Stock%20images/View%20of%20row%20new%20car%20at%20new%20car%20showroom.jpeg)
Want to take your automotive business to the next level? Ready to go from just meeting the bottom line to turning in a profit month after month? Exceptional automotive inventory management is the critical piece missing from your business plan. There are a lot of moving parts that make up your..
The modern-day internet is all about customization. Websites, ads, and content suggestions all adapt to the user based on our specific interests. As a result, we’ve subconsciously come to expect that level of customization from everything. Those expectations apply to the online auto-buying..
We've heard about the importance of digital retailing for car dealers for the better half of the past decade. It's no longer enough to simply display your dealership's inventory on your website and expect buyers to flood in. Even pre-pandemic, autosuccess.com reported that 89% of consumers begin..
It’s common knowledge that shoppers prefer quick and convenient buying experiences. No one wants to spend more time than absolutely necessary in a store, and they certainly don’t like being sold to. Buying a car is no exception. Appraisallane.com points out that there’s a direct, negative..
C.A.R.Score added to Experian’s AutoCheck vehicle history reports Vehicle condition details are growing in value to consumers and companies. FOR IMMEDIATE RELEASE Monroe, OH, July 30, 2020 — Dealer Specialties announced today it has teamed with Experian to make C.A.R.Score reports available within..
Could Digital Vehicle Condition Reports for Consumers be the Solution Dealerships Need? It’s well known that the internet has revolutionized car shopping. In 2019, Cox Automotive reported that over 61% of vehicle shopping time was spent online, with just under 3 hours spent at the dealership. It’s..