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gross profit

4 vital ways you can further improve gross profit percentage

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Of the KPIs your dealership must focus on in 2022, gross profit percentage should never be overlooked. To improve the gross profit percentage, your service department must do more than simply add more work to the repair order, although this can be part of the equation. While we will examine this option, we will look […]
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Carvana

Carvana shows growth but takes a financial loss on Q3...

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Growing sales and great profit margins weren’t enough to push Carvana into the black through the third quarter of 2021. In the shareholder letter issued on November 4 from founder and CEO of Carvana, Ernie Garcia, this calendar year has been one that demonstrated car buyers’ affinity for simplified car buying. But despite a significant […]
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Tesla marks record deliveries in Q3, ninth straight profitable quarter

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Tesla’s earnings were reported to investors on October 20, and the financial results paint the last quarter as bright despite the ongoing pandemic and supply chain issues. For the ninth straight quarter, Tesla has generated a profit from its operations, achieving a $2.0 billion operating income on a total gross profit of $3.66 billion. Markers […]
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Kelleher

PA dealer David Kelleher on Stellantis establishing its own finance...

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Stellantis is expected to close a deal by year’s end, creating its own captive financing arm. Mike Koval Jr., Ram brand CEO said “until now, we were the only major OEM in the U.S. without a captive”. On today’s show, we’re pleased to welcome David Kelleher, Chairman of the Stellantis National Dealer Council and President […]
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OfferLogix

OfferLogix EVP Aaron Bickart on how to elevate digital transaction services...

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On today’s show, we continue the conversation on digital retailing best practices and how the auto industry can elevate online transaction services. We're pleased...
OfferLogix

Why penny-perfect payments are vital for both car dealers and car...

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Consumers today want a convenient and frictionless car buying experience, especially in the finance office. When car dealers don't provide penny-perfect payments to their...
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...
Tommy Gibbs

Veteran Trainer Tommy Gibbs on Improving Used-Car Gross Profit

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On today’s show, we’re pleased to welcome veteran trainer Tommy Gibbs, President of Tommy Gibbs and Associates, and author of “7 Common Sense Factors to Avoid Being a Stupid Leader.” With a bulk of the vehicle transaction done online, the skill set for salespeople is changing according to Tommy. Salespeople need to understand and embrace […]
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digital retailing

Three Keys to Profitability in Digital Retailing

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With the coronavirus recovery underway in most parts of the country, dealerships nationwide have had to adapt their sales structure. In many parts of the nation, the customer base suddenly has become uneasy to cross the threshold into the store for the first time. And in areas that were able to continue selling during the […]
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Joe Verde Group

Sean Gardner’s Advice for Weathering Coronavirus Challenges – The Joe Verde...

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As part of our ongoing Coronavirus coverage, we’re pleased to welcome back Sean Gardner trainer and instructor at the Joe Verde Group. In this...