Monday, February 22, 2016

Dealership Incurs $100,000 in Losses After Vehicle Thefts

Vehicle theftCar dealership owner Trevor McManus woke up to his worst nightmare one morning. Thieves had stolen 11 vehicles from his dealership, along with keys to more than 50 other vehicles, costing him over $100,000 overall.

To make matters worse, McManus said even though insurance will cover most of the loss, he cannot sell the vehicles whose keys were stolen.

Limit liability and keep your keys safe by implementing an electronic key control system at your dealership. With an automated key tracking system, keys are stored in a tamper-proof cabinet or drawer that only permits authorized users to remove them via a password, biometric fingerprint scanner and/or key fob. If an unauthorized user attempts to access keys, an alert can be immediately sent to your cell phone or email address.

By implementing these security precautions, you can reduce liabilities and keep your business safe.

Should you update your key control methods? Check out this post.

Wednesday, February 17, 2016

How Long Do Your Test Drives Take?

Dealerships today are experiencing a notable change in consumers. After spending 1-3 months researching and online shopping, consumers already know what vehicle they want when they arrive at your dealership. Due to their advanced preparation, the top frustration of this new generation is spending too much time on the car buying process.
Car lot.
According to Auto Remarketing, 85 percent of dealers think it would be ideal to bring the car buying process down to two hours or less. Overall, dealers have not shown a change in speed of the sales process, with the average sale lasting three to five hours.

Work toward streamlining the sales process with an application that allows you to monitor vehicle inventory and track vehicle activity. Sales representatives can search for vehicles based upon specific criteria (e.g. make, year, model, color) to quickly locate them on the lot via GPS for test drives.

In addition to quickly locating the vehicles, your salespeople would be able to see fuel levels, battery voltage, mileage and more. This keeps your dealership running at peak efficiency with no snags when it comes to test drives.

To learn more about our vehicle tracking system, visit our website.