Tag: Car Talk

Used Car Profit Hacks

When it comes to used car profit, dealers constantly consider the resale value of their inventory. Having a profitable, well maintained inventory can make a huge difference when it comes the speed in which you turn your used car lot. Here are some simple tips on how to increase the value of your Used Car […]

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Pricing Used Cars

What’s Your Strategy for Pricing Used Cars?

So you have picked your pricing strategy and set your targets now its time to outline your plan. If you need a little jump start here is a 70 day and out Used Car Pricing plan. Additional Reading: 10 Sites You Shouldn’t Ignore when Sourcing Used Cars If you have been in the car business for […]

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What is a DMS – Dealer Management System?

A dealership management system (DMS) or auto dealership accounting system is a bundled management information system created specifically for the automotive industry and especially for  car dealerships or large dealer groups. DMS is not for everyone, typically small scale dealers and independent used car lots will manage their business with generic accounting packages. Even large dealer […]

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Define SRP

What is a SRP? The Term; “SRP” stands for Search Results Page, a relatively new term in the industry. In the past, before the internet, all you had to worry about was how the front on your lot looked, did you open the hoods and blow up those balloons. Today, drive by traffic is still […]

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