8 Key KPIs for Auto Dealership Success
Is your auto dealership firing on all cylinders? To build and maintain a successful dealership, use these key performance indicators (KPIs) to guide the way.
5 Ways to Reduce Cost and Time to Turn in your Used Car Service Department
Every additional day a vehicle spends in your service bays costs the dealership. Streamlining this process is one of your best ways to save time and money and sell cars fast. When your dealership buys a used vehicle to resell,…
3 Ways to Create Workflows That Make Turn Times Measurable and Efficient
Workflows help get the most value out of your auto dealership's inventory. Here's how to develop and implement workflows that make your turn time measurable and efficient. Like every auto dealer, a fast, efficient inventory turn time is essential to…
5 Ways to Reduce Value Erosion on Used Car Inventory
Every day a used car doesn't sell costs money. These 5 ways to reduce vehicle cost erosion are vital to your dealership's ROI. Asset depreciation is an essential concept for used car dealers because it cuts into profit. While you're…
How to Find Your “Sweet Spot” on Inventory Turn Rate
Here's everything you need to know about dealership inventory turn rate — and how to find your turn rate sweet spot. Your dealership probably monitors its inventory closely — and rightfully so. Yet, many dealerships inadvertently miss out on opportunities…
A Look Inside Industry Icon Hugh Hathcock’s Automotive Retail Journey
Today on CBT News, we welcome back to the show Hugh Hathcock, owner of ReconVelocity. Now, you may know a little bit about his success in the automotive retail industry, but do you know how it began? Hathcock has an incredible…
Maximizing Used Car Gross Profits In A Market Where Every $1 Counts Download Our FREE Playbook To Get Started
The used car market is more complex than it has ever been. With new vehicle inventory levels steadily declining and consumers growing more wary of high auto payments and public transportation due to the pandemic, the demand for used cars…
ReconVelocity EVP Kalah McCoy Discusses Why Recon Software Is Essential For Your Dealership
Kalah opens the conversation by talking about how the reconditioning process has come to the forefront as dealerships continue to have record months selling used-vehicles. She says the downtime caused by the pandemic has allowed ReconVelocity to look internally to…
Automotive Recon Operations: Digital Tools & Processes to Transform Your Dealership’s Most Costly Silo
Keeping Recon Departments On The Radar
Giving Up Gross Before the Sale – Calculating Lost Profits in Recon
FREE Calculators & Recon Auditor Download! (Click the links at the bottom) Dealership used car managers are under grueling pressure to find ways to maintain inventory levels while holding onto gross profits. With wholesale prices steadily rising and used car…
ReconVelocity’s David Penney Interview on CBT News
ReconVelocity COO David Penney Discusses the Importance of a Seamless Recon Process.
ReconVelocity’s Gage Hathcock & Dan Sills of Elder Ford Interview on CBT News
Gage Hathcock and Dan Sills discuss ReconVelocity's impact on Dan's business, Elder Ford in Tampa, FL. This discussion was a continuation of the COVID-19 coverage from CBT News and highlights the response that ReconVelocity has made to help all our…