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Articlesby Mark DuboisAugust 2, 2010

How to Solve the Biggest Challenges Facing a BHPH Business

Mark Dubois - No doubt you’ve heard the expression, “If it ain’t broke, don’t fix it.” The flip side of that expression is more likely what we encounter in real life: If it ain’t working, fix it. At a recent buy here pay here performance analysis meeting in Tampa, Fla. I surveyed the dealers in attendance and asked them, “What is the single biggest challenge facing your buy here pay here business today?

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NewsJuly 28, 2010

AutoRevenue Launches New Company Website

@utoRevenue, an industry leader in delivering cost-effective customer contact solutions to auto dealerships across the country, and a division of Dominion Dealer Solutions, today announced the launch of their new company website, www.autorevenue.com.

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NewsJuly 27, 2010

OPENLANE Partners with HomeNet to Make Wholesaling Cars Easier

OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles, today announced that it has collaborated with HomeNet Automotive, a leading provider of automotive inventory merchandising, management, and marketing services, to offer dealers an easy and efficient way to list and wholesale their aged inventory.

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NewsJuly 26, 2010

Dubuque Data Services Completes Pacecaster Interface

Dubuque Data Services (DDS), a dealer management software provider for automotive, truck, and heavy equipment industries, completed the interface with their DMS to Pacecaster. Pacecaster is a tool that tracks a dealership’s daily pace and accurately predicts month end sales and gross profit results.

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Articlesby David Keller, CPA, CFEJuly 23, 2010

When Catastrophe Hits, Are You Covered?

David Keller - I recently assisted a client with reviewing their claim for insurance due to business interruption. Their facility’s main roof collapsed due to the weight of an excessive ice and snow storm, causing damage to a substantial amount of equipment and making the facility unusable for approximately eight months until it was rebuilt.

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Building a Customer Base from Scratch

Jennifer Murphy - For a store that’s only two years old, Hyundai of St. Augustine in Florida has made some major headway in its market. General Manager Andrew DiFeo said, “I opened the dealership in May of 2008. Hyundai didn’t exist in the St. Augustine market before that.”

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Articlesby Jennifer ConnerJuly 20, 2010

Why Outsource Your Parts Inventory?

Jennifer Conner - A dealer’s parts inventory can be valued at hundreds of thousands of dollars to well over $1 million. This large of an asset needs protecting and auditing, ideally by an unbiased third party.

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Articlesby Tom HudsonJuly 16, 2010

I’m Supposed to Pay You $20,000 to Take My Trade?

Thomas B. Hudson - I excitedly ripped open the “Owner Notification” from an area car dealer who sells the sort of SUV that we use to haul ourselves and the dogs to and from our place in South Carolina. Our old bus is pushing 70,000 miles, so I’m thinking that in this market, maybe I’ll get a real steal.

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Articlesby Kirk ManzoJuly 12, 2010

Your F&I Office can Influence Customer Retention

Kirk Manzo - There are many strategies that have developed over the past several years to positively influence customer retention. Customer loyalty programs with a points reward system and special discount pricing on select dealership services provide some level of success.

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NewsJuly 11, 2010

Chase Opens Custom Auto Finance Center in Richmond, Va.

Chase Auto Finance recently expanded its presence in the Southeast by opening a full-service Custom Finance Business Center in Richmond, Va., to help area auto dealers provide financing solutions for sub-prime customers buying new and used vehicles..

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