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Articlesby David Keller, CPA, CFEJanuary 21, 2011

Keep Your Eye on Your Used Vehicle Department

David Keller - As more dealers rely on used vehicle sales since new sales are significantly down from years past, it’s important to keep your eye on used sales as new sales incrementally increase.

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Articlesby Brice EnglertJanuary 14, 2011

Service Customer Retention is Money in the Bank

@utoRevenue General Manager Brice Englert discusses how service customer retention can be improved through having a marketing plan, using a variety of channels and tailoring marketing messages.

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Articlesby Tony TroussovJanuary 6, 2011

Move From Transactional to Relational Selling

Tony Troussov - Do your salespeople build meaningful relationships with every customer, or do they treat each customer as a mere transaction? If your answer is transaction, then it’s probably time to provide your sales staff with some customer experience training.

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Articlesby Tom HudsonDecember 27, 2010

You Think Selling Cars is Hard?

Deceiving and defrauding customers is one easy way to get the attention of your state attorney general. Tom Hudson details how and why one dealership paid big for engaging in illegal practices.

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Articlesby David Keller, CPA, CFEDecember 24, 2010

Concentration Counts

Managing two aspects of a business at once may seem like it saves you time, but Author David Keller points out that’s not the case in BHPH. Without 100-percent focus on the task of collections, repossessions and delinquency rates will increase dramatically and profitability will decrease quickly.

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Articlesby Nicole MunroDecember 8, 2010

Expedited Payment Fees

Before charging an expedited payment fee (or any other servicing fee), consult and consider your state’s laws on the topic. Attorney Nicole Munro explores servicing fees in depth.

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Articlesby Tom HudsonNovember 22, 2010

Business Buyers Pose Less Compliance Risk

Thomas B. Hudson - When the buyer listed on a retail installment sales contract is someone other than an individual (i.e., a corporation, partnership, association, etc) or when the primary use of the vehicle is for business use, many claims and defenses the buyer might otherwise have against the dealer evaporate.

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Articlesby Jennifer Murphy BloodworthNovember 18, 2010

Changing with the Times

Jennifer Murphy - Rosen Automotive Group, based in Gurnee, Ill., goes to great lengths to maintain compliance within the nine-operation dealership group. After trying to maintain 100-percent compliance in-house, Dealer Saul Rosen realized the huge task it was and commissioned an outside consultant dedicated to keeping his stores compliant.

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Articlesby Greg WellsNovember 16, 2010

Training on “The New Process”

Since the Internet has changed the car-buying experience, Author Greg Wells explains why and how dealers should alter showroom processes to create better relationships with customers.

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Articlesby David Keller, CPA, CFENovember 12, 2010

Institute Good Internal Accounting Controls

David Keller - Following are some basic policies and procedures you should have for your accounting department to be compliant with good internal accounting controls—including properly segregating duties, adjusting of journal entries, reviewing of cash disbursements, archiving cash receipts and authorizing of purchases.

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