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  Industry News in the Last 24
  May 26, 2008
  image New Car Dealers Move Toward Online Transactions
More and more car buyers say they are happier dealing with dealerships online, rather than in the store transactions. That way, say some, the consumer is in control and not the salesman.
Dallas Morning News, May 25, 2008
  image Gasoline Not the Only Rising Cost for Drivers
AAA says owning an automobile will cost more to operate, aside from the $4 a gallon gas it requires. As the dollar decreases in value, maintenance and repair must also figure in to the high cost of having transportation these days.
Forbes.com, May 25, 2008
  image $130 Oil: Is That a Tipping Point?
With crude oil surging and the dollar heading further downward, analysts wonder how low we can go and still question whether we're smack in the middle of a recession. Ford CEO said the industry had "reached a tipping point" over buyers' choice. Is there more to come?
Los Angeles Times, May 24, 2008

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  WHAT'S SIGNIFICANT THIS WEEK IN THE NEWS
 
  • 'Cost of Living Recession' Drags Down Auto Sales
    Experts are labeling the current economic situation as a "cost of living recession" as opposed to an "event recession." Either way, consumer confidence is down and car buyers are cautious. Buy-here, pay-here dealers are especially close to the situation and are adapting to changing demand.
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  • ADESA: Wholesale Market Still Soft, But Improvement Ahead
    While wholesale prices dipped again in April, ADESA's chief economist Tom Kontos says recent declines are leveling off. Tax rebates and interest-rate cuts also give promise to a 2008 turning point, though high levels of repos and off-lease volume mount.
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  • Sales of Fuel-Friendly Cars, Hybrids Rev Up Along with Rising Gas Prices
    With U.S. gas prices at $4 per gallon, the sale of fuel-efficient cars is shooting upward. April passenger car sales were 54% of total sales nationally for the first time, and trucks fell to 46%. Dealers say hybrids and good-mileage vehicles sell quickly and it's hard to keep up with demand.

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    Experian


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    Are Your Providers Watching Your Back?
    In a down economy when selling cars is tough, dealers should trust those partners that have tested solutions backed by knowledge and proven results.
    imageAre Your Providers Watching Your Back?
    KEVIN CLEMENTS
    Senior VP Automotive, FirstAdvantage CREDCO
    imageIt’s ALL About Photos and Prices
    JOCK PEREIRA
    Founder and Managing Director, DataOne Software
    imageDealers: Do All Possible on Internet
    GORDON ROZEK
    International Sales Manager, Bluebird Auto Rental Systems
    AutoBase.net
     

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    What Is Social Networking Anyway?

    In addition to being an information clearinghouse, the Internet has evolved into a social environment where people meet, exchange views, content, and even trade. One of the most familiar examples of this information-sharing-family is MySpace.com. Launched in 2004, it is currently reported that this social network portal to the web has more than 110 million monthly active users and an average of 300,000 new people sign up every day! How can you apply this information to your dealership?

    Incorporate social networking into your marketing efforts.
    Unlike any other media, the Internet presents automotive retailers with the unprecedented opportunity to build intimate relationships with their customers and prospects. If you have inventory to sell and a Website to promote it, then you can utilize social networking as an online marketing tool. Consider social networking as a platform to brand your dealership and promote you inventory. With the right digital marketing strategy, you can incorporate social networking and online marketing to increase your Internet presence and drive more traffic to your Website, telephone, and most importantly your showroom.

    There’s a website for everybody.
    If someone is interested in it, there is bound to be a Website devoted to it. That is why adding social networking to content driven digital marketing strategies is one of the next defining evolutionary steps for online auto dealers. This phenomenon, through which dealerships can effectively reach large audiences, will become more significant and valuable than TV, radio, or print.

    Social networking is not a trend.
    Just the opposite. This type of interaction has become engrained and embedded into Internet society. Just exactly how much your dealership stands to gain from linking your website to a social network, depends upon how quickly you make your move.

    Daymond Decker is the product manager for ADP Digital Marketing. Please email daymond_decker@adp.com or call 830-200-9122 for more information.



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    New Fuel-Efficient Engines From GM

    Although the engine variants GM will introduce in 2009 for use worldwide by 2010 are currently intended for use in vehicles marketed abroad, there is no doubt the company will eventually introduce them into the U.S. market when the time is right. The 1.4L direct-injection turbocharged 4-cylinder engine with 8% improvement in fuel consumption. The 1.6L Compressed Natural Gas (CNG) turbocharged 4-cylinder engine will have a naturally-aspirated gas unit and a CNG unit. Meanwhile, click on the image to see what you can do now to increase your summer travel mpg.


    image Is Online Video a Smart Investment for Your Dealership?
    At no other time in the evolution of the Internet have we had such easy access to so many images. But where it’s at today is not just “images” but “moving images” with Broadband Internet Access now approaching 80% of all Internet usage and streaming video a common occurrence. So, as a dealer with inventory to sell in a competitive market, should you create and post online videos of your inventory on your website and third-party sites? How difficult is online video to create anyway? Is it really worth the investment? Click on the image to learn more -- print and save!

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    Tesla Has its Own Store -- Where Else but L.A.!

    Taking a ride in the $350,000 Tesla roadster Validation Prototype 10 was a thrill in itself for the Autoblog guy named Sam. The sleek next-generation electric car is becoming a reality. Already the fledgling automaker has sold 600 and has a waiting list of 400 more. But alas, to date only 4 have been built, sold, delivered -- one to Tesla's chairman and chief financier, one to the co-founder of the company, one supposedly to Bono and one in an actual buyer's garage. But the real thrill for Sam was a tour of the recently opened Tesla Motors showroom in Los Angeles. Just click on the image and take a look for yourself!

     


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    2008 Dealers Supply Catalog Available Now!

    Dealers Supply Company's 2008 catalog has been mailed! If you haven’t received your copy, please call 1-800-521-3870. Your calls will be answered by a real person who can answer all your questions, help you place an order, or send you a catalog.

    Check out our website at dealerssupplycompany.com -- All of our clearance and sale items are available on the site.

    Dealers Supply was established in 1934 to serve automobile dealerships. Our 74 years of experience and our top credit rating enables us to do business with the best factories resulting in the best products, the lowest prices, and the fastest service.

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    NADA Remarketing Course Offered To Dealers


    June 2-4, 2008
    Southern Auto Auction
    161 South Main Street

    East Windsor, CT 06088

    NADA and the National Auto Auction Association (NAAA) are offering a course for dealer/owners, used-car managers/buyers and financial institutions on how to maximize profitability on pre-owned vehicles. Includes a mock auctio and release of NADA “Smart Bid” new technology. Contact Tom Munson 888.869.5265 or email tmunson@saa.com.

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    OneCommand Adds Live Chat Solution


    A leader in preference-based, automated multi-channel marketing for the automotive industry, OneCommand announces the addition of "live chat" to its relationship marketing solutions, already adding 50% more dealer leads to dealers using it.

    Create real leads and prospects out of buyers that would otherwise just browse and leave the website. Feature also integrates with the dealership’s contact management system and is becoming increasingly popular for the service department as customers can quickly get answers to questions about vehicle service.

    To learn more, visit onecommand.com or call 1.800.814.6820 or email lleugers@onecommand.com.
    Wynn's Oil Now Sells Car People Marketing

    Wynn's Oil Company and Car People Marketing have entered into a joint agreement, complementing each other's sales force across the country to meet demand for both companies' products. A wide range of marketing products for dealership service departments and Wynn's representatives will be able to provide Car People's highly effective Service Advisor Sales Training to their dealers. For more details on how this works go to carpeoplemarketing.com or www.wynnsoil.com.
    Get Online Classified Listings & New Car Reviews Together

    Dealerships using retail and 3rd-party online classified listings served by AutoUpLinkUSA will now have more sales power with the addition Autodata Solutions. AutoData summaries, reviews, model overviews keep shoppers on web listings longer -- your own website or 3rd-party sites -- more likely to move deeper into the sales funnel, call or e-mail the dealership to initiate some action. Visit www.autouplinkusa.com call or email Bruce McHoul 704-236-3909.
    Dealers Can Use Web-Based Selling System

    MenuVantage, the market's premier web-based menu selling system, announces NAC, innovator in the development and customization of aftermarket service contract programs, has joined its Provider Exchange Network (PEN). MenuVantage electronically rates NAC products, remit and enroll their customers with electronic signature and contracting for paperless and hassle-free submission. End-to-end business solution. Go to www.menuvantage.com.
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