Nearly every used car manager in the country uses software and data to make smart decisions when it comes to buying a used vehicle. There are huge financial ramifications to putting too much money into the "wrong" car or overpaying…
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…
Keeping Recon Departments On The Radar
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…
The used car department is the dealership’s best customer. When the dealership is turning used cars at a healthy rate, the parts and service departments account for the lion’s share of profitability and absorb upwards to 100% of the dealership’s…
ReconVelocity's Dealership Reconditioning Playbook ReconVelocity's Dealership Reconditioning Playbook outlines specific actions Dealer Principals and Dealership Managers should take to build high velocity, streamlined recon operations and to hold recon teams accountable for specific performance benchmarks, including outside vendors, while working…
Why do dealers need to join the Recon Revolution? Because new car gross profits have steadily declined over the years; for some brands, front end profits have almost completely diminished. It is not at all uncommon for dealers across the…
As much as we hate to admit it, we’ve all lost cars – sometimes for days or longer. A car may have been stolen and no one at the dealership was aware it was “missing”; or brand new cars without…
Recuperating Used Vehicle Reconditioning Costs Through A Velocity-Driven Recon Operation As new vehicle sales and profits steadily diminish, dealerships are faced with increasing pressure to not only reduce the cost of reconditioning but to get used vehicles retail-ready faster. To…
DESTIN, FL (February 12, 2020) – ReconVelocity, the auto industry’s leading reconditioning software solution that enables dealers to be retail-ready faster, announced today it has been selected by Sonic Automotive to install its full suite of products across 100 dealerships representing…
On today’s show, we’re excited to be on location here at Paragon Honda in New York with Partner GM and Vice President, Brian Benstock along with auto industry veteran, Hugh Hathcock, who is also the owner of ReconVelocity. Don’t forget NADA 2020 is just around the…