The Weekly Automotive Market Minute for September 9, 2020
Welcome to the Weekly Automotive Market Minute with Bridget Fitzpatrick:
The retail SAAR of new car sales came out to 12.06 this week, an 11.2% dip from 13.39 in the previous...
Headlines
U.S. putting pressure on China, considers blacklisting chipmaker
Earlier this year, Chinese carmakers were attempting to be the first to crack into the American auto market. Brands such as GAC Motor and Vantas were expected to target the...
Low-budget marketing tips for your service department
It’s widely accepted knowledge that only 45 percent of customers remain loyal to their dealership’s service department within the first two years of vehicle ownership. Like any relationship, work is...
Auto inventory levels reach new lows amid strong August sales
Inventory is scarce right now, that’s no secret, and the used car market has been hit especially hard. This has left many dealers wondering how and when their pre-COVID inventory...
LADA’s Will Green discusses Hurricane Laura and its impact on auto dealers
Hurricane Laura recently made landfall on the Gulf Coast with Louisiana in its path. Many dealers closed offices and hunkered down as the destruction took place and are now left...
CBT News Market Update: Joe Langley, IHS Markit & Neal Gann LotLinx
CBT News Market Center
To quickly recap this week’s numbers, new car sales came out to a retail SAAR of 12.13 this week, a 14.8% dip from 13.38 in the previous...
5 Steps to Coach Your Dealership Staff More Effectively – Dave Anderson
As a dealer, manager, or any other leader in the automotive industry, how do you build an effective and successful team? On today’s show, Dave Anderson, leadership expert, President of...
Three-tier approach to long-term service department growth
A successful long-term service growth strategy is really just about taking care of the customer. In order to grow, you need to retain the customers you do have, get them...
Automated inspection processes can boost trust, service sales, and CX
Consumers across all industries prefer to interact with a human rather than participate in an automated process, according to a GCS press release. As high as 70 percent of American...
GoJo Auto Owner Amanda Gordon on Becoming the First African-American Woman to be a Licensed Dealer in Colorado
The vehicle purchase process can be a daunting one for many consumers, but one used independent car dealer has made it her mission to change that with the “GoJo Experience”....
