What’s behind GAP loss ratios?

GAP loss
For those dealers who participate in reinsurance and follow loss ratios, you’ve probably seen a spike of increasing Guaranteed Asset Protection contracts within the last couple years. At EFG Companies, we have been analyzing this trend very carefully. Let’s review what’s happening in the...

Good economy equals vehicle sales

economyvideo
  America is “doing well” according to Fed Chair Janet Yellen at a news conference in Washington. In this video Yellen gives an update on the state of the economic outlook and job gains. Watch the full story from Bloomberg.

So you want to sell your dealership?

Engaging Advisor to Assist The time has come. You have well-thought-out reasons to sell your business. You have put your business in the best possible position for sale. You are ready to devote significant time and money to the sales process. Market conditions indicate...

Daily Newscast: Why automakers will profit off dealers, not autonomous vehicles

video
Should Ford stick to doing what it does best?    Steve Hall from NCM on communicating better with your service customers OEM: Honda chief retires to help make "moonshine"

How the ’09 Recession is still affecting used car lots

Leadership Rules
The Great Recession’s ghost is suddenly appearing at used car lots across the United States. The situation amounts to a collision between timing and math: When the auto industry imploded in 2009, the number of vehicles it produced fell sharply, with the decline lasting more...

JD Power: The two most important areas for profit at your dealership

Mike Stantonvideo
Mike Stanton: V.P. and General Manager of J.D. Power Valuation Services

Elon Musk meets with Mr. President

Elon Musk
Tesla CEO Elon Musk said he has used his proximity to the Trump administration to share his thoughts on the fate of electric vehicle subsidies during the company's fourth-quarter earnings call Wednesday. Musk was asked whether he was anticipating a change in the zero-emissions vehicle (ZEV)...

Is Tesla in trouble?

Tesla Trouble
Elon Musk is burning through cash and may need to raise more soon to produce the mass-market electric sedan Tesla Inc. is banking on to reach the mainstream consumer. A capital raise would provide more cushion to the smallest and youngest publicly held U.S. automaker,...

HEADLINES

Saturday Morning Sales Meetingvideo

Become Your Own “One-A-Day Vitamin”

Become your own "One-A-Day Vitamin" by finding the things that move you forward every day on this week's Saturday Morning Sales Meeting with Mark...
accountability

How Can You Bring Accountability Into Your Dealership with Optimal Results

Service Managers, Service Directors and Fixed Operations supervisors everywhere look for the best practices to employ in running a smooth and profitable business. Obtaining...
millennials

The ABCs of Selling to Millennials

Millennials. They turn to their phone for everything: ordering groceries, snapping selfies, booking reservations, Instagramming avocado toast, and stalking exes. It’s no surprise that...
Joseph Michellivideo

Does Your Dealership Experience Meet Your Customer’s Expectations? – Joseph Michelli, NYTimes Best Selling...

Our guest today on the CBT Automotive Network is an expert when it comes to instilling the knowledge and power your business, managers, and...

Become Your Own “One-A-Day Vitamin”

Become your own "One-A-Day Vitamin" by finding the things that move you forward every day on this week's Saturday Morning Sales Meeting with Mark...

Protecting Your Customers’ Personal Information

When was the last time you checked your safeguard procedures? On today's episode of F&I Today, Becky Chernek talks about protecting your customers' personal...

Texting Strategy

Adults spend an average of 23 hours a week texting. Every day there are about 6 billion text messages sent in the U.S. with...