On today’s CBT Newscast for Wednesday, January 10th, 2018:
Audi President: The keys to what’s driving the business
When an automaker finds success, usually that means their dealerships are doing something right as well as finding success. The definition of “finding success” could be a whole list of things, with some saying you need the right mix on your lot. In an interview with Bloomberg, Audi of America President Scott Keogh explained what’s driving success for their dealers. Audi was up 16.3% in December, so they’re doing something right. Watch Now
A reminder that it’s the little things that matter
It’s the little things in life that mean the most. That much we do know when it comes to making sure your dealership provides the absolute best customer buying experience ever. So, in an effort to remind dealerships of that, Inc.com contributor Chris Matyszczyk wrote an article titled: “I Visited 5 Luxury Car Dealers to Buy a New Car. I Haven’t Recovered Yet.” Read More
What is the best solution long term for your inventory?
It was a trending topic from dealers all over the U.S. last year: inventory isn’t moving off your lot fast enough. As a result, incentive levels have gone up quicker than they should. Obviously, it helps move some of that inventory, but it’s not the best solution long-term. We asked Haig Stoddard, senior analyst with WardsAuto, what he thinks the best long-term solution for lagging inventory is. Watch Now
