It was summer on the lot and hot winds blew between rows of shiny new vehicles. Despite a gleaming new facility and a much-needed inventory boost, monthly sales lagged badly. Discontent among the dealership's employees was palpable and revolt (in...
Few dealerships employ someone strictly as an inventory manager, but one day the job title may be as common as that of used-car manager and finance and insurance manager. Inventory usually is a dealership's largest capital investment, so it makes...
Wells Fargo Auto Finance, the nation's second largest non-captive automotive finance originator, gives 45 dealers its 2005 Stagecoach Dealer of the Year Awards. Winners are from every sales region. Says Gary Lorenz, Wells Fargo Auto Finance...
In any given dealership, $50,000-$100,000 a year can come from improved cash management, says Seattle CPA Jeff Forsberg of the Peterson Sullivan firm. Here's how: Deposit excess cash in competitive interest-bearing accounts or pay down the...
On the occasion of surpassing the $1 billion mark in upgrading and expanding its 294-dealership network, UnitedAuto Group chose the site of its most lavish store for its annual shareholders meeting this month. The meeting will be at the new Wynn...