The Current State of Automotive Dealership Sales: Focusing on Performance Optimization
The automotive dealership landscape has seen significant changes in recent years, particularly in the wake of fluctuating […]
In a Market with Margin Compression, Controlling and Lowering Costs is Key to Preserving Overall Profitability
The last couple of years, automotive dealers were making record profits from car sales. Fast […]
Embracing New Digital Communications Tools Can Help Dealers Unlock the Full Potential of CRM Systems
In today’s fast-paced automotive retail sector, nearly every dealership utilizes a Customer Relationship Management (CRM) system to manage prospects and customers.
Extended Warranties and F&I Products enhance the Customer Experience and improve the Dealership’s Bottom Line
At Mach10, we are often being asked to provide insight on the importance of F&I products and services, what they mean for the overall profitability of a dealership,
Profit Pitstop: Utilizing a Dealer’s Inventory Management System Fully Ensures Sustained Profitability
In recent years, dealers enjoyed record-high gross margins on new and pre-owned car sales. However, with inventories returning to pre-COVID levels,
Driven by a Consumer Affordability Crisis, Leasing is gaining in Popularity
The U.S. car market is poised for a transformative year in 2024. With used car prices falling and new vehicle production nearing pre-pandemic levels,
Fine-Tuning the Parts and Service Operation: Driving Profitability for Any Dealership
With the current supply/demand dynamics in the automotive retail sector, sales margins can be razor thin. Maximizing profitability increasingly hinges on optimizing the less conspicuous
Maximizing Automotive Dealership Performance: A Comprehensive Overview
In recent years, dealers enjoyed record-high gross margins on new and pre-owned car sales. However, with inventories returning to pre-COVID levels,
Mach10 Hires Automotive Executive Carsten Preisz as Chief Marketing Officer
Mach10, a leading automotive industry firm offering advisory services, including dealer operations improvement and succession planning,
What’s Expected for the Leasing Market in 2024?
De Beers reminds us that ‘A diamond is forever’, Lay’s Potato Chips challenges us with ‘Betcha can’t eat just one’ and Las Vegas assures us with ‘What happens here, stays here’.
What Is An Extended Warranty and Why Does It Matter?
When you buy a new vehicle, you’ll usually get a manufacturer’s warranty that will cover many things that could go wrong in the first few years.
Hiring (and Retaining) Talent At Your Dealership
Dealerships have an overall turnover employee rate of 46% annually and a median tenure for employees of just over three years.