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Interesting and valuable content for Auto Dealers and Automotive Industry
The 10 Most Expensive Cars of All Time
Anyone who has ever purchased a car knows it's a pretty tedious process, not to mention how costly the transaction will be. Purchasing new or used cars is a bargain compared to these vehicles, which can cost upwards of millions of dollars. These are the rides that...
Cutting Costs on Printer Supplies in Auto Dealerships
Auto dealerships grapple with an often overlooked but significant expense—printer supplies. Shockingly, some dealerships spend up to $60,000 annually on toner and ink alone, a substantial figure that can profoundly impact profitability. This hefty expense stems mainly...
The Impact of Price Creep on Auto Dealerships’ Profits
In automotive retail, a nuanced challenge like price creep can dramatically impact financial stability. Price creep, defined as a subtle yet consistent cost increase, often goes unnoticed amid daily operations yet significantly erodes profit margins. Across various...
3 Ways to Improve Your Car Dealership’s CSI Score
In an industry with fierce competition, the Customer Satisfaction Index (CSI) score emerges as a crucial differentiator for auto dealerships. This vital statistic reflects the degree of satisfaction that customers experience, serving not only as a magnet for...
Rev Up Sales: Digital Marketing Tactics for Dealerships
In the ever-evolving auto industry landscape, digital advancements are swiftly overtaking traditional pathways to car buying. The emergence of the digital shopper marks a paradigm shift, highlighting a preference for online exploration and comparison before setting...
Auto Dealership Blind Spots: Janitorial and Sanitation
Auto dealerships contend with many operational expenses, with janitorial and sanitation (Jan/San) services being a significant one. While keeping dealership locations pristine is non-negotiable, the associated costs can be needlessly excessive. Industry research...
Auto Dealership Blind Spots: Inventory Discrepancies
Inventory discrepancies are a silent cost that burdens the auto retail industry, cutting into approximately 1% of annual revenues. While this figure may seem subtle, its consequences are anything but. Despite the omnipresence of advanced surveillance systems, over 75%...
Auto Dealership Blind Spots: Office Supplies
With tight budgeting crucial in today's business environment, certain cost factors can stealthily impact expenses. Office supply waste is such a masked adversary, discreetly consuming a significant portion of the company budget. Tiny outflows of expenditure for office...
Auto Dealership Blind Spots: Vendor Fragmentation
An auto dealership often seems like a convergence point for a variety of vendor relationships. Various data sources, including expert insights from the National Automobile Dealers Association (NADA), peg the average number of vendors auto dealerships work with between...
Auto Dealership Blind Spots: Print Toner
The realm of automotive dealerships is already rife with expenses. Among these, one often overlooked cost is that of printer supplies. These can significantly dent the budget, particularly when not managed correctly. According to data from Dealix, dealerships can...
