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When the Fed Bails Out the BIG 3...Who Bails Out the Dealers?
The Senate and House got a jolt this week while debating whether to bail out the Big 3 when it was learned that we shed over 500,000 jobs in November. The possibility of additional job losses from the domestic auto industry became the main reason for rushing to approve a bail out. Weʼll call it “Job 1”, coining a phrase from Ford. During the wonder years of post 911 rebates, 0% financing, and high margin sales of pick-ups and large SUVʼs the domestic manufacturers started adding new dealership locations like drunken sailors, diluting the value of the existing locations, lowering their sales, raising their marketing expenses for a share of voice in the over crowded print and electronic media, while forcing additional inventory on all of the locations.

Other dealership business Related Articles

How to Increase Sales by 20%
The managers in your dealership must have a written job description with clearly defined responsibilities and expectations. Having specific goals for the department is required. Daily action plans for selling, training, appointments, one-on-one coaching, save-a deal meetings, deal structuring, follow-up, etc will increase sales by 20 percent without spending more for advertising.
Advertising That Drives People Away
This automotive dealership advertisement got my attention, but not in a good way...
Audi Franchise to further expand in India; eyes 30% of luxury car market, through franchising
Buoyed by overwhelming response, German luxury car maker Audi would increase its car dealership franchise network in the country and aims to grab 30 per cent share of the luxury car market by 2011, a company official said.
How to Discover Cheap Car Loans
You have most likely seen the commercials that all the car makers seem to be running. They present absurdly inexpensive car loans, often at zero percent. They know that the public wants low priced car loans and so they make them available. on the other hand, when you arrive at the dealership, you quickly learn that very few people-less than one in ten, on average-be eligible for these cheap car loans. It’s all in the miniscule print, but some people can read small type that swiftly before it disappears from the bottom of a television screen.
Low Price Car Loans
You have perhaps seen the commercials that all the automakers seem to be running. They suggest ridiculously low-cost auto loans, often at zero percent. They know that the public wants low-priced car loans and so they make them available. but, when you get at the dealership, you quickly discover that very few people-under one in ten, on average-make the grade for these low priced car loans. It’s all in the small writing, but some people can read fine print that quickly before it goes away from the bottom of a television screen.
Auto Dealers Failing to Maintain Proper Documents Regarding Loans
In the era of auto dealership consolidations, short sales and creditor issues, many of our auto dealer clients and the sellers and buyers we are dealing with, have failed to adequately protect loans they have made to their dealership. Or worse, they have failed to protect investors or family members who have invested in their business, never contemplating that things might not work out. The following is what is essential to protect yours and your friends and family's investments in your company, or your investment in someone eleses company.

How to Really Fill Your Mobile Home Park Lot
I can remember when a good, well-located mobile home park community could fill seven or eight lots per month with nothing more than some flyers at a manufactured home dealership. To even say such things today dates you as someone from the dinosaur age. And unless you've been in a cave, you know that you are lucky to fill one lot per year in that manner today.
Keeping Your Distributorship/Dealership Offering From Being a Franchise or Business Opportunity - The Don'ts
A manufacturer of a product or a seller of distributorships/dealerships must make sure, from the inception of its program through sale and performance, that its program does not inadvertently become the sale of an unregistered and undisclosed franchise or business opportunity. Merely saying that you are not a franchise or business opportunity and calling your offering something else is of no help. To do this properly and effectively, you must know the elements of a franchise and of a business opportunity and avoid having these elements in your distributorship/dealership or other product sales program. Here is a brief description of the 3 "don'ts" to avoid the franchise laws and the 5 "don'ts" to avoid the business opportunity laws.
Debt Ceiling? What Debt Ceiling?
The other day, we're driving down the road, and I see a big AWESOME boat and trailer parked out in front of a dealership. "Cool!" I say. "I'm getting that!" But Colonel Wife was all, like, no way we could afford to spend that kind of money. But I go, "Ridiculous. We'll just raise our Debt Ceiling...".
Avail Affordable Car Loan Financing Rates
If you are looking for bankruptcy car loans, the best place to search for them is the Internet.There are numerous private lending institutions that can avail cheap car loan financing rates, provided you research well on them.Many a times people with bad credit histories try their traditional banks or other car dealership financing arrangements.
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