Today on CBTNews.com – Tuesday, January 15th, 2019:
Combating Rising Interest Rates, Managing Vehicle Inventory, and Reducing Your Margin Compression – Brian Finkelmeyer, vAuto
Every dealer knows that as your vehicle assets depreciate, your profit margins begin to shrink. The two major causes of inventory depreciation? Age and holding costs. Joining Jim today is Brian Finkelmeyer, senior director of conquest at vAuto. Brian lends us his insight into combating rising interest rates, managing new vehicle inventory, and dealing with margin compression. Watch Now
Why Building Diversity in Your Leadership Rolls is Important
Diversity in the workplace can be a contentious word. Many interpret the directive to mean that a variety of external likenesses need to be present in their dealerships, without understanding how this adds value outside of being a nod towards political correctness. This conclusion leads to many dealerships missing out. They either hire with an eye toward filling a perceived roster of “diversity” or reject the idea altogether. Read More
Two Standard Oil Companies to Usher in an Age of Electric Vehicles
If you’ve been on the fence about introducing Electric Vehicles (EVs) to your customers, now is the perfect time to get on board. Previously, one of the largest hurdles for selling EVs was the dearth of charging stations which made the mode of transportation unreliable for most drivers, hence the popularity of Hybrid Electric Vehicles (HEVs). Rising prices per barrel and governmental policies towards supplying countries have consumers questioning the sustainability and affordability of an oil and gas transportation system. Read More
