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10 Steps To Transform Your Recon Operation: Turn Your Most Costly Silo Into A Profit Machine!

If your recon team is still using a spreadsheet or whiteboard to track and manage units in reconditioning, it’s time to pull the curtain back on inefficient processes that are cannibalizing gross profits and used car sales.
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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…

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Delaying Internal Work Approvals – What It Really Costs When the Dealership Keeps Its Best Customer Waiting

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…

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ReconVelocity’s David Penney Interview on CBT News

ReconVelocity COO David Penney Discusses the Importance of a Seamless Recon Process.

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Download ReconVelocity’s Dealership Reconditioning Playbook

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…

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Why A Recon Revolution?

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…

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The Game of Thrones: Used Cars & The Service Department

Every dealership has a constant Game of Thrones happening with used cars and the Service Department. You are familiar with the following scenario… a trade comes in and the games begin. The Used Car Manager prices the car and since…

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Go Find That Car! The Costly Calamity of Lost & Idle Recon Vehicles

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…

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ReconVelocity's Gage Hathcock & Dan Sills of Elder Ford Interview on CBT News

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…

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Putting The Reins On Recon Vendors For Sublet Repairs To Increase Gross Profits

To some degree, subletting repairs is something that nearly all dealerships contend with – whether it is glass repair, collision repair, or repair work that the shop cannot handle for one reason or another. Regardless of the type of work,…

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What has the auto industry learned over past 8 weeks

What Has the Auto Industry Learned Over the Past 8 Weeks?

On today's show, we're pleased to welcome back Hugh Hathcock, Owner and Founder of ReconVelocity. In this segment, Hugh and Jim discuss what dealers have learned during this crisis and where the industry is headed. Read the original article

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ReconVelocity Auto Remarketing Podcast

Auto Remarketing & Hugh Hathcock Discuss The Challenges of the Pandemic for Dealers

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Start Selling On Day #1 Of A Used Vehicle Acquisition To Speed The Sales Process & Maximize Profits

Two essential tactics to increase a dealership’s inventory turn is to decrease the Retail-Ready time of newly acquired used vehicles and to simultaneously increase the number of selling days available to sell each of these units. The sooner that you…

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ReconVelocity Recon Match Potential Buyers

Recuperating Used Vehicle Reconditioning Costs Through A Velocity-Driven Recon Operation

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…

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ReconVelocity Helping Dealers Get Through Covid-19 April 2020

How ReconVelocity is Helping Dealer Groups Like Premier Automotive Get Through COVID-19

Troy Duhon From Premier Automotive & Hugh Hathcock Transcript: [Music] 00:10 you're watching CVT news the coronavirus 00:14 coverage hi everyone Jim Fitzpatrick 00:18 with CBT news thanks so much for joining 00:20 me again as we continue our coverage…

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Emerging Better & Stronger From A Crisis

Improving Recon Processes & Communications for a Cost-Effective & Streamlined Reconditioning Operation A crisis can come suddenly or result from a series of events that occur over time. Regardless, we never wish it upon us and it’s never welcomed. As…

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ReconVelocity Hugh Hathcock CBT News March 2020

How Hugh Hathcock of ReconVelocity is Helping Dealer Partners With Dealer Relief Program

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What Makes ReconVelocity Unique From Its Competitors

What Makes ReconVelocity Unique From Its Competitors

ReconVelocity Founder and Owner, Hugh Hathcock joined Jim Fitzpatrick on the CBT Stage at NADA 2020 in Las Vegas to discuss their recent partnership with Sonic Automotive and the importance of improving your dealership’s recon process. VIDEO TRANSCRIPT: Jim Fitzpatrick: You guys popped on the…

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As used-vehicle profits decline, dealers turn to software to speed up reconditioning

As used-vehicle profits decline, dealers turn to software to speed up reconditioning

By Alex Kwanten Software that helps dealerships' service departments prepare vehicles quickly for sale on their used-car lots has been around for about a decade. But adoption of — and competition among — these digital products continues to grow as…

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How Paragon Honda Successfully Transitioned to a New Recon Process

In this segment, we’re pleased to introduce Gage Hathcock of ReconVelocity and Rob Patel, Auto Remarketing Specialist at Paragon Honda. Jim, Rob, and Gage discuss acclimating to their new recon process by conducting tests in their smaller-volume Acura store and transitioning it into…

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