As little as six months ago, the automotive industry was still facing its dominant foe: margin compression. Yet, challenges such as a looming economic downturn, new industry players, and a lack of digital integration…
Process Efficiency Leads to Profits
If your dealership’s strategy for tackling the new normal today is to adopt short-term or one-off practices designed to save your business, then Dealertrack DMS Performance Manager Mike Panozzo has bad news for you.…
Making the Digital Shift to the New Business Environment
Optimizing Technology, Tools, and Processes – An Interview with Matthew Hurst, Sr. Director of Client Services at Dealertrack DMS. As dealerships navigate the “new normal” under social distancing restrictions and safety regulations, the stark…
Strategies for Success: Four Opportunities Now and in the Future
Dealers are all facing unique challenges with as many as 80% seeking federal financial assistance according to a recent Cox Auto survey¹. To help establish business continuity and identify key areas of opportunity for…
Virtual DMS Installations in the Reimagined Dealership Environment
Virtual Technology Transitions – An Interview with Susan Moll, Sr. Director of Implementations The recent restrictions, regulations, and safety measures sweeping the world are forcing dealerships—and the industries that support them—to rapidly innovate.…
Leverage Technology to Overcome Operational Challenges
Dealerships across the country are grappling with varying levels of restrictions amid social distancing guidelines. Managing your remote workforce brings new opportunities as well as challenges. Ensuring positive customer interactions and using technology (or…
Dealertrack is here for you. Here’s what we’re doing.
During these interesting times, our number one goal at Dealertrack DMS is to help you find the best path forward. As a Cox Automotive business, we have been planning for years for the emergence…
Operate More Efficiently with Technology and Attentiveness
In today’s unprecedented automotive landscape, social distancing and economic hardship have put increased pressure on dealership profits and placed a crunch on cash flow. According to Cox Automotive surveys, dealerships are reporting 60-70% declines…
6 Ways to Drive Digital Transformation at Your Dealership
As the automotive retail industry faces new challenges, forward-thinking dealerships are reimagining their business environments. One of the most obvious and natural evolutions of having socially distanced customers and workers is to leverage technology…
Daily Practices for Outlasting Economic Difficulties
When an economic downturn hits your dealership, it can feel like the end of the world. It’s easy to get caught up in worst-case worries, survival strategies, and frenetic forecasting, and to forget about…
Business as (Un)Usual: Optimizing Your Dealership in a New Environment
Dealerships are setting an historic precedent for rebuilding, redesigning, and refocusing their business models in the new business environment. While society works in lock-step to flatten the curve by staying at home and practicing…
How to Develop a Plan of Action and Optimize Dealership Productivity
Dealers are facing new challenges in truly unprecedented times with stay-at-home regulations and social distancing. Dealers must find a way to fill the essential need for automotive services while balancing their commitment to the…
