Growth Strategies for Car Dealerships

Growth Strategies for Car Dealerships

Car dealership marketing has changed more in the past five years than in the previous twenty. The buyer who walks your floor today has already visited 4.2 websites, watched 3 or more video reviews, and spent an average of 14 hours online before making contact. They...
Pricing Strategy: Discounts Nobody Approved

Pricing Strategy: Discounts Nobody Approved

Pricing strategy is usually discussed as the setting of prices. In practice, most margins are decided after that, at the counter, by people making individual judgments under pressure. A business with an excellent price list and no discount discipline has no pricing...
Inventory Turns: Cash Sitting on the Shelf

Inventory Turns: Cash Sitting on the Shelf

Inventory turns measure how many times stock is sold and replaced over a period. A low figure means capital is sitting idle. The confusing part is that the same operation usually holds too much of the wrong stock and not enough of the right stock simultaneously. That...