On today’s CBT Newscast for Tuesday, January 16th, 2018:
Do amenities help retention or they don’t matter?
Some dealers said they have the type of store that has amenities and attractions to promote events and community outreach. Other dealers said they don’t emphasize amenities because why would people want to spend more time than they need to at a dealership? We asked ELEAD1 Partner Bill Wittenmyer if there should be some sort of balance or if dealers should stick to amenities or no amenities. Watch Now
How this New Jersey dealer rewarded his employees due to tax reform
If you’re looking for a way to show appreciation to your employees, this is certainly one way to do it. Steve Kalafer, founding chairman of 17 franchises in the New Jersey area, has decided to give bonuses to his employees. He told Fox Business the move comes in large part because of this. Watch Now
Why leasing EVs makes sense… for now
Although cars like the Chevy Volt and Nissan Leaf have been around for years now, the hype around the future of electric vehicles is overwhelming. Only 1% of the global market has gone electric, and the number in the U.S. is even smaller, but the hype is building nonetheless. Let’s say that your dealership has EVs on the lot now, but since technology is changing at such a rapid pace there’s no interest. Steve Center, Vice President of American Honda Motor, says that’s because “when there’s new technology coming out, typically people are only looking to lease.” Watch Now