Scott Rea

Is your dealership offering competitive compensation to attract and retain top talent? Dynatron Software's latest whitepaper dives deep into technician pay data, analyzing 13.5 million repair orders to reveal key regional pay variations. Discover how understanding these nuances can shape your dealership's strategy in this fiercely competitive market. Don't miss out on insights that could give your dealership the edge it needs. Explore the whitepaper today for a detailed look at pay trends and strategies to keep your team motivated and your operations thriving! 📈 Get your report: https://hubs.li/Q02-LBv10

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Ensuring your dealership's performance metrics are on target is crucial for the financial success of a dealer. If you are not hitting every OEM target on your Balanced Scorecard, do you know the financial impact of missing your performance metrics? Mach10 is ready to partner with you to help ensure your dealer operations perform optimally at every level. Connect with us here - https://lnkd.in/dZ3sMCJU How are you tracking your dealership's progress? Let us know in the comments! #DealershipPerformance #OEMTargets #BalancedScorecard #AutomotiveMetrics #DealerSuccess #Mach10Automotive #PerformanceTracking

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🔥 Used Car Managers 🚙 🚗 General Managers 🔥 🔥 Dealer Principals 🚘 🚙 Automotive Professionals 🔥 Don’t let margin compression put the squeeze on you. This Friday, September 27th, starting at 9AM EST/ 6AM PST... Join David Long, Vasilios Lambos, Jasen Rice, Diego Vargas, John Ellis, Brian Kramer, Tommy Gibbs, Brian Miller, and other leading automotive experts as they discuss What It Takes To Be Profitable on David Long’s All Things Used Cars. Jump into the conversation or be a 🪰 on the wall like me! Either way, you’ll walk away with amazing insights and actionable tips that you can implement at your dealership TODAY to make you and your bottom line better immediately. 💰🤑💵💲 👀 in the comments for a link to RSVP. You'll be texted a reminder once the room opens up. #automotive #autodealers #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer #sales

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🔥 Used Car Managers 🚙 🚗 General Managers 🔥 🔥 Dealer Principals 🚘 🚙 Automotive Professionals 🔥 Don’t let margin compression put the squeeze on you. This Friday, September 27th, starting at 9AM EST/ 6AM PST... Join David Long, Vasilios Lambos, Jasen Rice, Diego Vargas, John Ellis, Brian Kramer, Tommy Gibbs, Brian Miller, and other leading automotive experts as they discuss What It Takes To Be Profitable on David Long’s All Things Used Cars. Jump into the conversation or be a 🪰 on the wall like me! Either way, you’ll walk away with amazing insights and actionable tips that you can implement at your dealership TODAY to make you and your bottom line better immediately. 💰🤑💵💲 👀 in the comments for a link to RSVP. You'll be texted a reminder once the room opens up. #automotive #autodealers #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer #sales

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🔍 Three questions every automotive funder should be asking: - Do you know the precise location of your funded assets right now? - Can you accurately track the value of your dealers' finance portfolios? - How quickly can you spot changes in dealer risk profiles? If you hesitated on any of these, you're not alone. That's precisely why we developed CheckVentory Audit. Because in today's fast-moving market, yesterday's data is already outdated. 👉🏼 Book your demo: https://lnkd.in/e73MDTXW

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Car Dealership Guy reports on Widewail's Automotive Voice of the Customer Report. We agree with this take: "Bottom line: Dealers will need to address knowledgeability gaps among staff members to ensure they communicate effectively with customers and work to boost transparency in the financing process. However, with the overall gain in positive scores, it seems the industry is working hard to learn from the past and make the car buying experience better for buyers despite the ongoing challenges." Read → https://lnkd.in/ezYuPUr9

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We gaze at sunsets with wonder. While the Foureyes’ 2024 Automotive Dealer Benchmarks Report is not a literal sunset, it does allow dealers to compare their performance against the industry, and track trends in how leads behave. You might say that value is … wonderful. https://loom.ly/SGePbxo #AutomotiveSales #DealershipLeads #automotivetech #autodata

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Despite a tough economic environment contributing to declining vehicle sales, manufacturers and dealers are stepping up to the challenge with efforts to help consumers enter or re-enter the auto market. Read our latest press release for insight into how growth in the sector is being stimulated: http://transu.co/6043jMT3f #VPI #AutoMarket #VehicleSales #AutoIndustry

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Only 1 more day until our Automotive News webinar all about overcoming the three biggest data challenges facing dealers today. Join Chase Abbott, VP of Sales, as he dives into each of the biggest challenges—and provides real solutions to overcoming them. See you there! https://bit.ly/3ZM26Jf #coxautomotive

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🔥🚙 🚀Used Car Managers, General Managers, Dealer Principals, and Automotive Professionals 🚗🔥🚀 Brian Kramer shares important trade and appraisal efficiency KPIs. Where do you stack up? And David Long reveals why you MUST finalize EVERY appraisal. David Long’s All Things Used Cars... Every Friday morning at 9AM EST/6AM PST. Jump into the conversation or be a 🪰 on the wall like me! Either way, you’ll walk away with amazing insights and actionable tips that you can implement at your dealership TODAY to make you and your bottom line better immediately. 💰🤑💵💲 👀 in the comments for a link to the full episode replay of The Keys To Trade EFFICIENCY. #automotive #autodealers #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer #sales #cardealership #davidlong #allthingsusedcars

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As automotive dealerships look for additional ways to drive revenue, one resource stands out as the proverbial “goldmine”: the Dealer Management System (DMS). Packed with untapped customer data—often scattered, unorganized, and rarely utilized effectively—it represents not just a missed opportunity but a critical gap in the arsenal of your marketing strategy. EngageProIQ can help you bridge this gap immediately with iQ Data Trainer, a powerful tool designed to organize and transform your raw DMS data into effective, data-driven text and email marketing communication. By uncovering patterns and milestones in the customer journey, we align your data with our Smart Automations to create campaigns that speak directly to your customers’ needs—delivering measurable results in both sales and service. This isn’t your basic one-size-fits-all text and email system—this is intelligent, highly-contextual marketing built for the modern automotive dealership. The process couldn’t be simpler. As a certified partner with all major DMS providers, all you need to do is authorize us to integrate with your DMS, and we take care of the rest. If your dealership isn’t leveraging DMS data as a competitive advantage, you’re leaving new vehicle sales and service revenue from your current customers on the table. Let us demonstrate the difference we can make for you. Click to schedule a 20-minute demo today! https://lnkd.in/e4u5QPYw Call: 888.702.8350 Email: [email protected] #AutomotiveMarketing #AI #CustomerEngagement #DMSIntegration #SmartMarketing #EngageProIQ #DealershipGrowth #SalesAutomation #ServiceRetention #DMSIntegration Anthony Petrone Mark Jostes Tanvir Arfi Danielle Toney Frank Donnelly Heather Buyers Ryan Maguire John Romano

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"Happy technicians make for happy customers." That's never more true than now. Hear how ONE Platform, powered by DEALER-FX, empowers a leading GM Dealership's to help spend less time per RO...and make more! #GM #3Synergy #fixedops #servicelanesoftware #software #snapon #workbench

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The dealership’s *most consistent* breadwinner, even as the car market shifts: Service. But even service departments are seeing shifts in the types of work orders compared to last year. According to CDK Global, demand dropped in 13 out of 16 service categories, with just one category showing a notable uptick—EV battery maintenance. (Data based on responses from 2,000 current dealership service customers) Bottom line: Dealership service revenue isn’t immune to a weakening economy, but it’s surprisingly resilient. Read the entire 2024 service shopper whitepaper from CDK Global, it’s packed with shopper insights and trend analysis from current service customers: https://lnkd.in/g-BD-QE4 (Data via CDG partner: CDK Global #cdkglobalpartner)

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🚙Used Car Managers🔥 🔥General Managers🚗 🚘Dealer Principals🔥 🔥Automotive Professionals🚖 Want to price your invetory to maximize profits? David Long shares H.O.W. on All Things Used Cars. 🤯 Every Friday starting at 9AM EST/6AM PST… Jump into the conversation or be a 🪰 on the wall like me! Either way, you’ll walk away with amazing insights and actionable tips that you can implement at your dealership today to improve your bottom line. 💰🤑 👀 in the comments for a link to the full episode replay of Pricing For Profit. #automotive #autodealers #automotiveindustry #carbusiness #automotivesales #newcarsales #usedcarsales #usedcardealer #sales #salesdevelopment #salesexcellence

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🚗 Why OEM vs. Supplier Profit Margins Matter to Dealerships and Garages 📈 The automotive industry is experiencing a significant shift. For the 13th straight quarter, OEMs have outpaced suppliers in profit margins, averaging 7.8% in Q1 2024 compared to suppliers' 5.6%. While this might seem like a concern for the supply chain, there is also potential: 1️⃣ Better Collaboration: OEMs are increasingly focused on cost reduction and efficiency improvements, which means they’re more invested than ever in supporting their supply chain - including the dealerships and garages that play a critical role in customer satisfaction. This could lead to better collaboration, improved service, and more innovative solutions at the ground level. 2️⃣ Enhanced Service Offerings: With OEMs needing to maintain profitability amidst rising costs, they’re likely to invest in higher-margin service offerings. For dealerships and garages, this translates to more opportunities to offer premium services, boost customer loyalty, and ultimately, increase your own margins. 3️⃣ Resilience and Adaptation: The ongoing margin squeeze for suppliers is prompting innovation across the board. As OEMs and suppliers work together to navigate these challenges, dealerships and garages stand to benefit from more reliable and cost-effective parts, leading to smoother operations and happier customers. 👉 The takeaway? While OEMs and suppliers face margin pressures, the ripple effect could create new opportunities for dealerships and garages to thrive. It’s all about staying agile, leveraging stronger partnerships, and focusing on the customer experience. What strategies are you implementing to stay ahead in this evolving landscape? Share your thoughts below!

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📈 A recent survey revealed that 67% of auto repair shops are missing out on significant profits due to markup mistakes. Don’t be one of them! Cecil shares insider tips and proven strategies to help your shop thrive financially. Ready to boost your parts margins and take your shop's profitability to the next level? Join Cecil Bullard, CEO of The Institute for Automotive Business Excellence, and PartsTech in Part 2 of our FREE webinar series on mastering parts markup strategy! 🚀 🔧 In this webinar, you will learn: 🔹 The Importance of Markup Strategies: Understand why a tailored parts markup strategy is crucial for controlling your profit margins. Discover why relying solely on manufacturers' list pricing and a single markup percentage can limit your profit potential. 🔹 Benchmarks for Success in Parts Markup: Discover the key benchmark numbers for costs and margins in parts markup. 🔹 Parts Markup Strategies: Gain strategic methods to enhance your parts margin for optimal profitability and learn how to create and continuously adjust your markup strategy monthly for better financial control. This insightful webinar was made in collaboration with PartsTech, combining our expertise with PartsTech's innovative solutions to provide valuable guidance on optimizing pricing and maximizing profitability. The collaboration underscores our mission: Better Business, Better Life, and Ultimately, a Better Industry. 📺 Watch Part 1 Here: https://lnkd.in/gnVX8Yjp Download the Parts Markup Workbook: https://lnkd.in/gRMdBrZq

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