On today’s CBT Newscast for Wednesday, November 1st, 2017:
Bad data existing in dealerships due to double-entry issues
We all know what good data can do to a dealership’s profit, but what does bad data do? Bad data costs the U.S. economy $3.1 Trillion every year. So how much of that is from dealerships? Mo Zahabi, Director of Product Consulting at VinSolutions and DealerTrack F&I, says that for dealers, bad data exists when marketing decisions are made from using poor-quality data, often due to double-entry issues. Watch Now
Apple Co-Founder Is Skeptical of Tesla’s Promises on Autopilot
Former GM Chairman Bob Lutz once said of Tesla, “I think they’re doomed.” AutoNation’s Mike Jackson once declared “Tesla is either one of the greatest Ponzi schemes of all time, or will eventually work out for investors.” Now, Steve Wozniak, Co-Founder of Apple, told CNBC at the Money 20/20 Conference in Las Vegas that there is “way too much hype” around Tesla and the company can’t be counted on to do what it says it will. Fortune reports that Wozniak said Tesla’s claims about its cars’ self-driving capabilities are “overblown,” adding later that Tesla has deceived its customers. Watch Now
Auto Dealers Should Avoid Asking the Obvious
We all try to avoid awkward moments, especially around potential car buyers. According to Scott Miller, CEO of Vision Critical, “The cardinal sin of building a relationship is asking someone something about themselves that you already know.” In a recent WardsAuto article, he stated that dealerships need to use the info they have on return customers more efficiently. Read More
