“You can justify anything you want to justify.”
Pick any subject and go for it.
Here’s just one:
You can come up with lots of reasons why you have and allow aged inventory.
And certainly, with far better logic & data, you can justify why you need to retail that stuff and never allow an aged unit again.
You get to pick. Choose wisely.
That’s all I’m gonna say, Tommy Gibbs.
Month: February 2022
You Can Justify Anything
“You can justify anything you want to justify.”
Pick any subject and go for it.
Here’s just one:
You can come up with lots of reasons why you have and allow aged inventory.
And certainly, with far better logic & data, you can justify why you need to retail that stuff and never allow an aged unit again.
You get to pick. Choose wisely.
That’s all I’m gonna say, Tommy Gibbs.
Do You Want To Own Your Own Business?
Most of my messages are geared toward management, but today I want to talk to your sales staff. You should forward this to every salesperson on your team and suggest they sign up for my newsletters.
If you’re a salesperson, I want to help you re-frame what you do every day and what a great opportunity you might be missing. If you’re in management, this is a message you need to share with all.
Have you ever wanted to be in business for yourself?
Have you ever thought about going into business, to get someone else to invest the money and you reap the rewards?
Welcome to the amazing world of the automobile business:
You have free office space.
You get rewarded based on how hard you work.
You have opportunities for advancement.
You have healthcare, vacation and retirement opportunities and Christmas bonus programs.
You have a management team working to help you be productive.
You have a free computer system.
You have a CRM/DMS and other software provided free of charge.
You have staff and technicians available to handle customer problems.
You have free marketing, advertising, and a website developer.
You have an administrative staff to help process your deals, DMV work, etc.
You have millions of dollars of inventory to sell with zero personal investment.
You get special spiffs/incentives from the factory.
You get all the free training/coaching that you can stand.
You have a detail/clean up department that gets your vehicles ready for delivery.
You don’t have to pay a penny for phone, electricity and other utilities.
You can demand an assistant when you become productive enough.
You have an Internet/BDC department begging you to take leads.
You have free janitorial service.
You have free coffee.
You have your own personal financial officer (F&I) working to put your deals together.
You work out of a multi-million dollar facility located on prime real estate.
You have an opportunity of a lifetime with no personal financial investment.
You need to “own” your own business.
That’s all I’m gonna say,Tommy Gibbs.
GO TAKE A WALK
Most health magazines would tell you that walking 20 minutes a day has huge health benefits. There are also some huge business benefits if you would make yourself take a walk. Try these three walks and your health and business will improve:
1. The Meet Your Team Walk-The first walk occurs each day as soon as you arrive at the dealership. Generally speaking, I’m directing most of my writings at the dealer and/or General Manager of the dealership, but in this specific case, it can apply to anyone and will pay huge dividends regardless of your position.
Start at the back of the dealership and work your way toward the front. Your mission should be to speak to as many team members (call them what you want) as possible. Over time you should get to know them.
Make it a point to stop and talk to every technician, every porter, every service writer, etc.
Work your way into the body and parts departments and do the same. Then visit the office staff and sales department. Of course, the sequence may depend on your actual job and role in the operation, but you get the point. In time you need to at least learn the following:
Their name. (Duh!)
Where are they originally from?
How long have they worked there?
What drew them to the type of work they are doing and to the company?
Married/single?
Spouse’s name?
Children, ages/boy/girl?
Hobbies/what do they like to do in free time?
What are their long-term goals in life?
Find out something from them that others would be surprised about.
As I was writing this I considered explaining the benefits of taking a “team walk” each day, but concluded that if you can’t figure it out yourself it’s hopeless and you might be in the wrong business.
2. The Trade Walk-there should be a staging area where all trades are parked. All members of management must go on the trade walk every day at a specific time, preferably after your “save-a-deal meeting.”
All managers mean GM, GSM, Used Car Manager, F&I Manager, BDC Manager, Internet Manager, New Car Manager, and most importantly the Service Manager. Stop at each car and talk about the car.
You will be amazed at how many more trades you will end up keeping and how many more deals you actually are able to put together by getting insight and suggestions from the various members of your management team. It is very foolish to allow one person to make decisions on which trades to keep and not keep.
The concessions and input you will get from your service manager will pay valuable dividends. It’s a total no-brainer. (My software mobile app will help you.)
3. The Lot Walk-The lot walk takes place once a week preferably after your weekend kick-off sales meeting which should be on Friday. (I’ve never understood the concept of having a kick-off sales meeting on a Saturday.) After the meeting, all salespeople and all the members of the management team including the service manager will take a lot walk. Stop at each vehicle on the lot and talk about the unit.
This is how you get your entire sales team involved in selling more used cars. The more they know about your inventory the more they will sell. You have to force-feed them. You will find out why certain cars have not sold because as you stop to talk about the specific cars the salespeople will tell you why that car is still sitting there getting stale.
Oftentimes there is an issue with a car as to why it has not sold. By having the service manager on the walk he/she will jump all over the issue and get it handled for you. It’s called the “embarrassment factor.”
So, here’s the bottom line. Start walking. Walking is good for your health. Walking is good for your business. That’s all I’m gonna say, Tommy Gibbs.
1. The Meet Your Team Walk-The first walk occurs each day as soon as you arrive at the dealership. Generally speaking, I’m directing most of my writings at the dealer and/or General Manager of the dealership, but in this specific case, it can apply to anyone and will pay huge dividends regardless of your position.
Start at the back of the dealership and work your way toward the front. Your mission should be to speak to as many team members (call them what you want) as possible. Over time you should get to know them.
Make it a point to stop and talk to every technician, every porter, every service writer, etc.
Work your way into the body and parts departments and do the same. Then visit the office staff and sales department. Of course, the sequence may depend on your actual job and role in the operation, but you get the point. In time you need to at least learn the following:
Their name. (Duh!)
Where are they originally from?
How long have they worked there?
What drew them to the type of work they are doing and to the company?
Married/single?
Spouse’s name?
Children, ages/boy/girl?
Hobbies/what do they like to do in free time?
What are their long-term goals in life?
Find out something from them that others would be surprised about.
As I was writing this I considered explaining the benefits of taking a “team walk” each day, but concluded that if you can’t figure it out yourself it’s hopeless and you might be in the wrong business.
2. The Trade Walk-there should be a staging area where all trades are parked. All members of management must go on the trade walk every day at a specific time, preferably after your “save-a-deal meeting.”
All managers mean GM, GSM, Used Car Manager, F&I Manager, BDC Manager, Internet Manager, New Car Manager, and most importantly the Service Manager. Stop at each car and talk about the car.
You will be amazed at how many more trades you will end up keeping and how many more deals you actually are able to put together by getting insight and suggestions from the various members of your management team. It is very foolish to allow one person to make decisions on which trades to keep and not keep.
The concessions and input you will get from your service manager will pay valuable dividends. It’s a total no-brainer. (My software mobile app will help you.)
3. The Lot Walk-The lot walk takes place once a week preferably after your weekend kick-off sales meeting which should be on Friday. (I’ve never understood the concept of having a kick-off sales meeting on a Saturday.) After the meeting, all salespeople and all the members of the management team including the service manager will take a lot walk. Stop at each vehicle on the lot and talk about the unit.
This is how you get your entire sales team involved in selling more used cars. The more they know about your inventory the more they will sell. You have to force-feed them. You will find out why certain cars have not sold because as you stop to talk about the specific cars the salespeople will tell you why that car is still sitting there getting stale.
Oftentimes there is an issue with a car as to why it has not sold. By having the service manager on the walk he/she will jump all over the issue and get it handled for you. It’s called the “embarrassment factor.”
So, here’s the bottom line. Start walking. Walking is good for your health. Walking is good for your business. That’s all I’m gonna say, Tommy Gibbs.