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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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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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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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ReconVelocity

ReconVelocity CEO David Penney Discusses the Importance of a Seamless Recon...

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When it comes to used vehicle operations, inventory turn has never been more important than it is now. Typically, service managers are mostly concerned with customer pay and warranty work with retail consumers. Then, there are the used car managers who focus on inventory acquisition and sales. What David Penney, CEO of ReconVelocity, finds is […]
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recon

Go Find That Car! The Costly Calamity of Misplaced & Idle...

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As much as we hate to admit it, we’ve all lost cars – sometimes for days or longer. A car may have been stolen and no one at the dealership was aware it was “missing”, or brand new cars without PDIs were parked in the service lot for an extended time and no one knew […]
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Gage Hathcock

Dan Sills of Elder Ford and Gage Hathcock Discuss Used-Car Sales

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Today on CBTNews.com – Monday, June 22nd, 2020: Dan Sills of Elder Ford and Gage Hathcock Discuss Used-Car Sales On today’s show, we’re pleased to welcome Dan Sills, General Manager at Elder Ford of Tampa, and Gage Hathcock, Partner at ReconVelocity. Dan and Gage speak to CBT’s Jim Fitzpatrick about vehicle reconditioning and it’s importance […]
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gross profits

Putting The Reins On Vendors In Reconditioning Workflows For Higher Gross...

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To some degree, subletting repairs is something that nearly all dealerships contend with – whether it is glass repair, collision repair, or repair work that the shop cannot handle for one reason or another. Regardless of the type of work, subletting repairs means giving up the dealership shop’s gross profit. But do you realize that […]
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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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