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INDUSTRY NEWS IN THE LAST 24
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Chrysler Builds Cars the Fiat Way Fiat's World Class Manufacturing system, designed to improve quality and productivity, will be applied to all future Chrysler production -- primarily a variant of the "lean manufacturing" system initiated by Toyota to eliminate waste and bottlenecks. Detroit News, June 10, 2010
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The Trollhattan project: Rescuing Saab The factory floor is buzzing! Called the "best car from Saab in decades," the new owners' challenge is to get more 9-5 sedans into dealerships around the world. Right now, barely 5,000 are distributed and the company wants 15,000. Keep truckin'! MSNBC.msn.com, June 9, 2010
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Nissan Hopes to Juke Its Way into Millennials' Driveways Nissan is hoping its new "Juke" will appeal to a generation of car buyers called "Millennials," a generation of young adults that aren't into car buying, or much else, from recent descriptions. The car is a little off the wall, and so are the potential buyers! Edmunds Auto Observer, June 9, 2010
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Responsibility for complying with the new Risk-Based Pricing Rule falls squarely on the shoulders of dealers. While the rule's requirements are highly technical and demanding, there are alternative ways of meeting your compliance obligations. Register now & spend an hour getting up to speed.
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Daily clicks to increasing dealer revenue & profits
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Equity Alerts from Autobase Aids Dealers Autobase, Inc. (division of Dominion Dealer Solutions), has released "Equity Alerts" -- provides auto dealers with automated process to mine their data for qualified customers who, with no money down, could lower their payment and get into a newer vehicle today. Tells dealers which customers are within dealer’s acceptable profit structure. More info at www.autobase.net.
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AddOnAuto Helps Dealers Succeed izmocars, a leading Internet business solutions provider for the auto retailing industry, studied 120+ dealerships that were using the company's AddOnAuto (AOA) in-store accessory solution with tremendous success -- seamlessly integrating accessories shopping and financing with the car purchase and eliminating need to carry excess inventory or contract 3rd-party reselles and installers. More info at www.izmocars.com.
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| How-to’s by industry experts |
Dealers: Echo Boomers Could Be On Your Doorstep – Now
A recent AutoTrader.com study found that Echo Boomers -- people who are between the ages of 19-35 -- view car ownership as an important and exciting event in their life. Seventy-six percent of Echo boomers in the study agreed with the statement that “Owning a vehicle is an important step to adulthood,” and 73% agreed that “Owning a vehicle is exciting.” There is no doubt you will want to capture the interest of this sizeable group of car shoppers. Click here or click on the image to find out what Echo Boomers want – and don’t want – in a new vehicle purchase!
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| auto dealer sales & marketing |
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Personalization is EverythingAuto Accessories Study Reveals Interesting FactsA new national dealership report reveals that when it comes to selling accessories to new-vehicle buyers, the right timing – along with providing rich visualization of the potential enhancements – makes all the difference. Capturing a bigger slice of the vast $32 billion auto accessories pie has never been more critical for car dealerships, given economic realities. The industry has just emerged from the worst new-vehicle sales year in 40 years, while the auto accessories market has seen explosive 37% growth in that same ten years. But while enhancement sales represent among the highest-margin sales at dealerships, historically dealers have been unable to fully seize this literally million-dollar-per-dealership opportunity - accounting for a mere 10-17% of total sales. In a nine-month study of 120-plus dealerships, conducted by izmocars, car buyers presented with an online configurator (allowing them to interactively customize their new car from a menu of accessory options) precisely at the time of purchase were dramatically more likely to buy. One in two buyers experiencing that process purchased accessories (up from one in ten before), and the average dealership generated $400-$600 in accessory-revenue-per-vehicle-sold, up from $80-$120 before – representing a revenue gain of 500%! Click here to read more about the study. To speak to an izmocars expert about this study, email Melanie Webber or Angela Jacobson.
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| bringing sales into service and service into sales |
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Add MPi EDGE™ and Watch Profits Rise Service Departments continue to be a large source of profitability for most dealerships today, so it’s always nice to read about a success story. One such story comes from the Cascade Auto Group, Klamath Falls, Oregon, using the MPi EDGE™ solution to track and manage their service department repair orders. “Before, we averaged 1.5 hours of work per RO,” says Brian Lepley, Cascade Service Manager. “Now we average 3.5 hours or more per RO, and that’s directly attributable to the EDGE system.” Click here or click on the image to see how you can get in on the profits!
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| driving technology in and around the VEHICLE |
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10th Annual Telematics Detroit ConferenceAD man on the scene, Jim Stickford, reports
Telematics is a paradigm shift in the auto industry because it requires many different businesses - broadband providers, software developers, computer hardware companies, to work together with car manufacturers to provide an integrated product. Look for these developments: • Broadband service is going to get faster and less expensive, telematics devices are going to smaller and more ubiquitous. Vehicles themselves will become broadband platforms in which companies can make money through applications, such as traffic and weather service. • Regulation is coming. The governement will be demanding more information from vehicles. It appears that the federal government might be requiring safe driver technology in new cars as early as 2013. • While people may have concerns about Big Brother, those worries can be mitigated by cost savings. A 30 percent reduction in insurance premiums can take away the sting of having a device in your vehicle that monitors how and where you drive. Telematics technology is growing faster than anyone thought. New platforms and service are being launched all the time, making it difficult for car designers to integrate the latest devices in vehicles. When it takes three years to go from design to vehicle production, it is difficult to go to telematics providers and ask what's going to be cutting edge in 36 months. Click here for more highlights of the conference.
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| how to make & keep your delaership environmentally responsible |
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Meet Trev: The EV with a 93 Mile RangeA team of students at the University of South Australia have put together an electric commuter car that can go 93 miles without recharging, has a top speed of 75 mph, accelerates 0 to 60 in 10 seconds and costs about .0146 cents per mile! Come on, automakers, if they can do it you can do it! Using light-weight materials, a lithium polymer battery, and a whole lot of ingenuity, this is a project worthy of automotive engineers on a much broader scale. Click here and then click on the image to learn more.
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