Editor's note: This story is part of the WardsAuto digital archive, which may include content that was first published in print, or in different web layouts.
Welcome to The WardsAuto Dealer 5 - we've put together important items from WardsAuto.com and across the Internet.
So let's go:
| 1. | Sorry, Jim Ziegler had nothing to say this time around. Just kidding! The outspoken WardsAuto.contributor tells how dealership chain AutoNation is reinventing itself, again. Check out his included video, too. | ||
| 2. | Look out when private equity eyes dealerships.Our industry expert Phil Villegas tells why that's not ideal. | ||
| ADVERTISEMENT The auto accessories industry is $40 billion and dealers represent less than 5%. Could accessories be the new profit center for dealerships? It is one new frontier that may hold the most profit potential dealers have seen since adding the F&I department 40 years ago. | |||
| 3. | They say a car is worth less the minute a customer drives it off the lot. But does anyone U-turn back to the dealership to trade in a newly bought car? Ah, no. That said, here are NADA’s best and worst vehicles for retaining value. | ||
| 4. | The learned lesson here is don't assume buyers will notice when they take delivery of the wrong car. What’s a dealership to do when that happens? | ||
| 5. | Morton Salt’s slogan is “When it rains, it pours.” But it was an avalanche of salt that buried cars at a dealership next to a Morton storage facility. Seasoned greetings.Ouch. |
To see all the day's dealer news and information, go to WardsAuto.com/Dealers.
