Auto Dealer Business School

What’s up CEOs!

V12 Software is an all-in-one solution that combines a customer relationship management (CRM) system, inventory management, point-of-sale (POS) capabilities, and online marketing tools. It caters to automotive dealerships. By consolidating multiple functionalities into a single platform, V12 Software eliminates the need for piecing together a software solution and simplifies the management process.

One of the core strengths of V12 Software is its robust CRM system. It enables businesses to centralize customer information, track interactions, and manage leads effectively. The CRM allows you to automate tasks, send targeted marketing campaigns, and monitor customer engagement. With real-time data and analytics, you gain valuable insights into customer behavior, enabling you to tailor your offerings and enhance customer satisfaction.

V12 Software is a powerful business management solution that integrates CRM, inventory management, POS capabilities, and online marketi...

What’s up CEOs!

In this video, we'll reveal the secret behind a 5x profit increase at an auto dealership. You'll see how they implemented a unique strategy that boosted their revenue and customer satisfaction. Discover the key factors that contributed to their success and how you can apply them to your own business. Don't miss out on this valuable insight! #AutoDealerSuccess #ProfitBoost

What’s up CEOs!

Being an auto dealer can be an exciting and rewarding profession. However, the fast-paced nature of the industry can sometimes lead to overwhelming situations. It's crucial for auto dealers to implement effective strategies to manage their workload, maintain a healthy work-life balance, and prevent burnout. In this blog post, we will explore 8 practical steps to help auto dealers avoid overwhelm and achieve success in their dealership operations.

1. Spend less time in the start-up phase quickly.

2. Get everyone who is part of the business on the same page such as what is needed for CASH FLOW

3. Focus on cash flow. Cash flow comes within 30 day period of sales.

4. Add your financing— third-party financing and buy here pay here program.

5. Get some high-profit sales.

6. Create a team. The very important team you need to have is your recon team so that you can sell your vehicles faster.

7. Automate your marketing sales process.

8. Change your mindset.

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What’s up CEOs!

There are several reasons why dealers choose to get into the car fleet business. Here are a few potential benefits and motivations:

1. Profitability: Car fleet businesses can be highly profitable. By owning and managing a fleet of vehicles, you can generate revenue through various rental arrangements both short term and long. With efficient operations and proper pricing strategies, you can generate a steady stream of income.

2. High Demand: There is typically a consistent demand for car rental services. Many individuals and businesses require transportation solutions for various purposes.

3. Diverse Customer Base: The car fleet business allow dealers to serve a wide range of customers.

4. Flexibility: Running a car fleet business can offer flexibility in terms of managing your schedule and operations. You can decide on the types of vehicles to include in your fleet, set rental rates, and choose the target market that aligns with your business goals.

And...

What’s up CEOs!

There are two common types of car dealers— retailers and wholesalers. While both sell vehicles, there are distinct differences between them. In this blog post, we'll identify the differences between retailer and wholesaler car dealers, shedding light on their unique characteristics and helping you make an informed decision if you are for a wholesaler type or a retailer one.

A retail car dealer is a dealership that sells vehicles directly to the end consumer.

These dealerships usually have a location where customers can explore various car models, take test drives, and ultimately purchase a vehicle.

A wholesale car dealer, operates differently from a retailer. These dealerships primarily focus on buying and selling vehicles in bulk, typically to other dealerships, independent car lots, or auto auctions. Wholesaler car dealers do not generally sell directly to individual consumers.

Check out the video to learn more.

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What’s up CEOs! 

If you're a licensed dealer, you handle sensitive customer information. it's important to be aware of the Federal Trade Commission's Safeguard Rule. This rule sets standards for protecting customer information and can help prevent data breaches and identity theft.

Key Objectives of the Safeguard Rule:

1. Protecting Consumer Data: The primary objective of the Safeguard Rule is to protect the privacy and security of consumer data. It requires businesses to establish policies and procedures to safeguard sensitive information, such as social security numbers, bank account details, and credit card information, from unauthorized access and misuse.

2. Preventing Data Breaches: The rule aims to minimize the risk of data breaches by ensuring that businesses have robust security measures in place. This includes implementing secure data storage systems, encrypting sensitive information, and regularly monitoring and testing the effectiveness of their security protocols.

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What’s up CEOs! 

Having the Auto Dealer Business School in your business can be a great advantage, as it provides access to networks, resources, and assistance. However, even with the best education and resources, auto dealers can still make mistakes that keep them from being profitable.

So let's discuss the top 3 mistakes that auto dealers make, which can lead to financial struggles.

Mistake 1 - Money Management

The first mistake that many auto dealers make is not monitoring their finances. It is crucial to keep track of your cash flow, expenses, and profits. You need to know how much money is coming in and going out, and what you have left over. Understanding your finances is critical to making informed decisions and planning for the future. This is something that is emphasized in the training at the Auto Dealer Business School, and it is vital for the success of your business.

Mistake 2 - Revenue Goals

The second mistake that auto dealers make is not selling enough cars in ...

What’s up CEOs! 

Starting an auto dealership can be an exciting venture, but it takes more than just having cars on the lot to generate sales. Running a dealership requires effort and strategy to ensure the business runs smoothly and reaches its full potential. This is where collaboration comes in. In this blog post, we explore how startup auto dealers can collaborate to increase sales, save time, and expand their reach.

1. Collaboration Can Improve the Reconditioning Process

Collaboration can help dealers in many ways. For example, if you collaborate with other dealers, you can get information about the hottest auctions in your area and learn about issues to look out for when buying or selling cars. You can also get recommendations for mechanics and help with handling difficult situations, such as dealing with a mechanic who did a poor job.

2. Collaboration Can Increase Sales & Save Time!

Collaboration can also help increase sales and save time. When someone sends you a lead, ...