It’s no secret that car shoppers are spending more of their car buying process online, but why has this become the norm? What specifically are car shoppers expecting during the digital car buying process? More importantly, how can your dealership use this knowledge to provide the best online..
The pandemic has rocked the way dealers merchandise, and the intense pressure has caused some traditional methods to collapse. Yet, some strategies managed to survive. In October 2020, Dealer Specialties conducted a survey with 275 recent car buyers, asking them a series of questions regarding..
It’s no secret. If you want to improve your dealership’s bottom line, you need the right tools. There’s no tool more valuable to the modern auto dealer than a proper inventory management system. An automotive IMS, like VinMotion®, can help reduce risks that come with keeping inventory on your..
The goal of the modern dealer should be to make the car buying experience as seamless as possible. And many people probably wouldn't think of your inventory software as being a key to customer satisfaction, but there are plenty of ways that efficient and innovative vehicle management tools can..
Saying “time is money” is cliche at this point, but that doesn’t mean it’s not accurate. Time IS money, and improving your dealership’s efficiency is key to improving your bottom line. If you’re looking to improve your dealership’s spending by increasing its efficiency, there are many ways to..
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..