On CBT News for April 27, 2020: How ReconVelocity is Helping Dealer Groups Like Premier Automotive Get Through COVID-19

Today on CBTNews.com – Monday, April 27th, 2020:

How ReconVelocity is Helping Dealer Groups Like Premier Automotive Get Through COVID-19
On today’s show, we continue our Coronavirus Coverage by speaking with Hugh Hathcock, Founder and President of ReconVelocity, and Troy Duhon, Founder and Owner of Premier Automotive. Jim talks to Hugh and Troy about how Premier Automotive has changed their process due to Coronavirus, incentive programs that will potentially be implemented soon, and how ReconVelocity’s Dealer Relief Program is helping dealers get through this tough time.

Use This Time to Build a Great Dealership Experience for Tomorrow’s Customers
With the enforced showroom closures that dealerships have been undergoing, the gulf between dealers who are open to new ideas and dealers who do things “the way they’ve always been done” has never been more apparent. When the market was hot, it was easy to hide poor execution and backward thinking. The “Sales Are Sales” mindset works when the economy is good, but the most successful dealerships are continually looking for ways to serve their customers well into the future. Read More

J.D. Power: Coronavirus Pandemic Detriments May Not be as Bad as Initial Forecasts
Despite the bleak worldwide consequences of the pandemic and all of the panic about how to recover from it, J.D. Power has provided the auto industry and consumers some good news this week. The research firm has just released its current outlook compared to the initial estimates generated before the pandemic broke out, and while the auto industry will still incur significant losses, they may not be as bad as expected. Read More

Did you enjoy this segment? Please share your thoughts, comments, or questions regarding this topic with host Jim Fitzpatrick at jfitzpatrick@cbtnews.com.

Car Biz Today, the official resource of the retail automotive industry.