Wednesday, November 25, 2020
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cost erosion

5 ways to reduce cost erosion on used car inventory

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Every day a used car doesn’t sell costs money. These 5 ways to reduce vehicle cost erosion are vital to your dealership’s ROI. Asset depreciation...
Hugh Hathcock

A look inside industry icon Hugh Hathcock’s automotive retail journey

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Today on CBT News, we welcome back to the show Hugh Hathcock, owner of ReconVelocity. Now, you may know a little bit about his success in the automotive retail industry, but do you know how it began? Hathcock has an incredible story behind his journey in automotive, and we caught up with him recently to […]
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used car

Maximizing Used Car Gross Profits In A Market Where Every $1...

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The used car market is more complex than it has ever been. With new vehicle inventory levels steadily declining and consumers growing more wary of high auto payments and public transportation due to the pandemic, the demand for used cars has accelerated which has naturally led to increased prices and higher trade-in values. Dealers face […]
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Rapid Recon

The Next Rapid Recon Introduces Less Scrolling, Fewer Clicks For Performing...

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PALO ALTO, CA, October 23, 2020 – The Next Rapid Recon, the efficiency standard in reconditioning time-to-line workflow software,  announced today several efficiency and...
ReconVelocity

Increase dealership sales by eliminating time-consuming recon tasks – Gage and...

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Today on CBT News, we’re happy to welcome back Hugh Hathcock, Owner of ReconVelocity, and Gage Hathcock, Partner at ReconVelocity. COVID-19 has brought a strong focus on used vehicles for dealers who are struggling with new-vehicle inventory. This has only made the software of ReconVelocity more valuable to dealers as they look to turn sales […]
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automotive recon

How to boost your automotive recon process and capitalize on used-car...

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The ‘time to line’ it takes vehicles to go from auction house to a customer’s driveway has become a key performance indicator at the dealership and group level. Joining us today to talk more about automotive recon efficiency and the traction around used-car sales, is Dennis McGinn, CEO of Rapid Recon. In the last 10 […]
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ReconVelocity

ReconVelocity EVP Kalah McCoy discusses why recon software is essential for...

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After the start of the COVID-19 pandemic, the used-car market took off. This has created a challenge for dealers looking to get vehicles through the recon process as fast and efficient as possible. Today on CBT News, anchor Bridget Fitzpatrick is joined by ReconVelocity‘s Executive VP Kalah McCoy. ReconVelocity streamlines automotive recon processes, giving dealers […]
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Hugh Hathcock

What Has the Auto Retail Industry Learned Over the Past 8...

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On today’s show, we’re pleased to welcome back Hugh Hathcock, Owner and Founder of ReconVelocity. In this segment, Hugh and Jim discuss what dealers have learned during this crisis and where the industry is headed. Did you enjoy this interview? Please share your thoughts, comments, or questions regarding this topic with host Jim Fitzpatrick at jfitzpatrick@cbtnews.com. […]
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gross profits

Start Selling On Day #1 Of A Used Vehicle Acquisition To...

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The two primary keys to increasing dealership inventory turn is to decrease the Retail-Ready time of newly acquired used vehicles and to simultaneously increase the number of selling days available to sell each of these units. The sooner that you can find a buyer for a vehicle and the sooner that it can be made […]
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ReconVelocity

ReconVelocity Launches Program to Provide Relief to Their Customers, New and...

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  As part of our ongoing Coronavirus coverage, we’re pleased to welcome back Hugh Hathcock and Kalah McCoy from ReconVelocity. In this segment, Hugh and Kalah break down how the new ReconVelocity Dealer Relief Program is supporting dealers during these critical and uncertain times. Stay tuned for more COVID-19 coverage right here on the CBT Automotive Network.
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