- Average gross per unit will come down. (Fix you aging problem and it will be a lot less.)
- Customers will have more information than you ever thought possible.
- Nice used cars will be scarce. (They have been since the beginning of time.)
- You will struggle to make ANY gross on aged units. (Well, duh, you’re not using my Life Cycle Management process)
- Finding salespeople who want to work the hours and be paid on gross will become even more difficult.
- Maximizing common sense and technology will challenge you.
- The franchises you represent will put more expenses on your side of the table.
- The manufacturers will increase the pressure on you to hit market share.
- You will accept aged units as a necessary evil of the automobile business.
- Your average cost per unit in stock will go up.
- You will become more dependent on your used car department to save your new car department.
- The amount of water in your used car inventory will increase.
- Your dealership will be sued because someone didn’t “just handle it.”
- Your CPA and legal fees will go up.
- You will waste 50% of your advertising dollars and you won’t be able to figure out which 50%.
- F&I income will feel stress from the regulators.
- Improving recon time for used going through your shop will be a high priority. (You will talk about but not fix it.)
- You’ll hire managers from the outside because you haven’t developed your own people.
- You will wholesale some used cars that you should have retailed.
- You’ll think about hiring me, but you’ll talk yourself out of it…again.