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Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.
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Once a dealer sells a portfolio via bulk purchase, the responsibility of collecting on the notes in that portfolio is transferred to the buyer. However, for the dealer in need of capital who prefers to keep relationships ...
Read More →CarsDirect, a leading online automotive shopping service and research portal, this week celebrates its tenth year in operation. Launched in May of 1999, CarsDirect pioneered the concept of online car buying and has grown to become American consumers’ first choice for online vehicle purchases...
Read More →Hanover Maryland. -- Hudson Cook LLP, a nationwide provider of legal compliance services for the financial services industry, announced that the American College of Consumer Financial Services Lawyers has awarded the prestigious Senator William Proxmire Lifetime Achievement Award to one of its founding partners, Tom Hudson. The award is reserved for attorneys who ...
Read More →Greg Goebel - Suddenly it became crystal clear. Well, maybe not crystal, but for the first time in a long time, I really get it. I understand the special finance landscape from many of the finance companies’ perspectives, which also gives me a leg up on trying to help give dealers better ...
Read More →Leading automotive CRM provider DealerSocket, announced today it has added a new distinction to a long list of accolades by being named as a finalist for the "Red Herring 100 North America" award, a prestigious list honoring the year’s most promising ...
Read More →Jim Jackson -You may say, “Well, I’m not very disciplined.” Yes, you are. You just haven’t learned how to focus it toward a specific goal. Discipline means doing something that is going to move you closer to your ...
Read More →Dealerslink, Inc., a national leader in dealer-to-dealer trading services, announces a strategic partnership with JMN Logistics, L.L.C. to provide its customers a robust vehicle transportation solution. As a result of rapid company growth, Dealerslink, Inc. requires a transportation company with a national footprint and ability to provide on-demand ...
Read More →No doubt, many finance offices feel like they’ve been on a bit of a roller coaster ride over the past 11 months, with finance companies tightening their belts, exiting the subprime sector, exiting leasing, dropping dealers or ...
Read More →We’ve all heard the statement before. You have to walk the talk. It’s not enough to say you will do something; you have to do it. It’s time for dealers to manage their inventory better. Dealers are talking about inventory management in record numbers, but ...
Read More →As with any industry, the automotive retail industry has seen its fair share of buzzwords. The new buzzword in the industry is “right-size.” In order to avoid being a causality of the economy (NADA estimated 700 dealerships shut their doors in 2008), many dealers have been advised to ...
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