May 1, 2025 • AutoSuccess
Tight markets, tariffs, interest rates, and concerned consumers pile up every so often to create perfect storms for the car business. We weather through them every few years. Navigate these obstacles smartly, but don’t forget –good times or struggles — you always lose money when you don’t pay attention to process decay and reliance on incomplete data.
Because whatever the large market is up to, you suffer margin leakage quietly through inattention to and imprecision managing the mundane. Precision beats gut instinct in today’s fast-moving environment.
Here’s what to watch for:
Outdated Practices: Old habits can be costly. habits quietly draining profit: Get precise in how you buy cars. Relying on auction trends or gut feel leads to overpaying, underpricing, and missed margin opportunities.
Stale Data: Guesswork and gut once ruled used car acquisition, but please, no more! Used car managers using OEM build data and vehicle condition-based insights make smarter stocking and pricing decisions – vehicles that sell faster so inventory turns faster.
Fuzzy Marketing: Buyers expect full transparency. They won’t tolerate vague listings or missing service records. Digital Vehicle Portfolios (DVPs) and window stickers earn trust and shorten the sales cycle. They are the ultimate online and showroom sales engagement strategy delivered. With DVPs, you can create an online digital worry-free folder or evidence manual to enhance your digital retailing that includes:
Time Killers: Speed is non-negotiable. When you can’t quickly locate cars and their keys that delays service work, slows down reconditioning, or costs a vehicle you lose. Modern key tracking systems prevent these losses and get work done faster. Automation and clean data accelerate applied time gains and speed to the frontline. A two-day savings in reconditioning at an $85 daily holding cost is $170 more in your pocket.
Emotional Frustration: There’s ease in knowing for certain. The car dealers winning today? They decide with clarity, based on precise data and proven process, not assumptions.