Inside Automotive
Entrepreneurial strategies to scale your dealership — Jay Abraham | The Abraham Group
On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Jay Abraham, executive coach, author, and founder and CEO of The Abraham Group, to discuss his recommendations for entrepreneurs, so that automotive leaders can utilize them in the dealership. Abraham is among the most sought-after marketing experts in the U.S., with frequent appearances in top magazines, often alongside renowned self-help guru Tony Robbins. Watch the full segment here
Top stories
President Biden encouraged United Auto Workers members to expand their influence to non-unionized automakers during an appearance at a Thursday event hosted by the organization. The President has now appeared alongside UAW members twice after having joined striking Detroit-Three employees in October for a historic visit to the picket line. In a Thursday meeting with United Auto Workers chief Shawn Fain in Illinois, Biden called the union’s deal with automakers a “game changer” and expressed hope that it would lead to improvements at other non-unionized companies such as Tesla and Toyota. Read More
On November 9, Volkswagen announced its plans to launch an electric vehicle (EV) under $35,000 in the United States within the next two to four years. Meanwhile, Chinese automaker Nio said it is still considering whether or not they want to enter the U.S. market in 2025. The CEO of Nio USA, Ganesh Iyer, stated that “Things have changed” with regard to global supply chains, geopolitics, and other elements that affect the company’s decision to sell its vehicles in the United States. Read More
As supply and chip shortages continue to recover in North America, Honda’s profitability demand has soared by 34% in July-September from 2022. In addition, the Tokyo-based company saw a 17% increase in quarterly revenues to $32 billion and a $1.7 billion profit. Read More
For Dealers
AI-powered customer service: elevating dealership experiences
We are certain you’ve heard many stories about artificial intelligence in the last year. Artificial intelligence can be an effective tool for marketing, writing, content creation, and customer service. In many ways, customer service is an area where artificial intelligence is able to take some of the load off your dealership team, but how do you apply it? Let’s take a look at the capabilities of artificial intelligence and how it might work for your stores. Read More
(Presumed) tough times mean a back-to-basics approach
The R-word. The one no dealer wants to hear and well…none of us want to think about it. Recession. And though most economists are saying we’re not in one quite yet, there’s still some that are predicting the worst as we head into the second half of the year. Now is not the time to stick your head in the sand…it’s a time to be prepared to do things better so that you can stave off any potential crises if they do pop up. There are four strategies that F&I managers can implement now (if they are not already) that can make potential headwinds this year easier to navigate… Read More
