Why get into car fleet business?

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 to...

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Are you a car wholesaler or a retailer? Wholesale license vs Retail License

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.

To join the Auto Dealer Business School,...

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Every Licensed Retail Dealer Needs to Follow this Rule

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...

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My Thoughts on V12: Dealer Website Review

What’s up CEOs! 

V12 Software helps dealers sell cars.
V12Software is a leading automotive marketing platform that offers thousands of both used and new car dealers a platform that helps them advertise their cars and dealerships everywhere online.

V12 Software has great looking websites designed to turn traffic into sales.

Every V12 Account comes fully loaded with:
Mobile-First Website
Mobile-Friendly & SEO Enhanced!

Smart CRM
Manage leads the easy way with recorded calls.

Instant Messaging
Connect with in-market shoppers on the spot.

FBMP Auto Poster
Our app will post your vehicles on FBMP so you don’t have to.

Monitor reviews from one platform.

Social Automation
Post on all social media automatically.

Mobile App
The first web-based multi-platform mobile app.

Craigslist Auto Poster
Smarter Craigslist Auto Poster on the planet.

For 60 Days Free of V12 Software (buy one month, get 2 for free), go to https://signup.v12software.com/login (For the...

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The Top 3 Mistakes Auto Dealers Make to Keep Them Broke

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...

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