Auto Dealer People is an Automotive Social Network for auto dealers, dealer personnel and allied and finance industry partners.

Latest Activity

Jay posted a discussion

Old bhph guy in Ca looking for alternatives.

I've been doing bhph for a while. Now with new laws it is ever so difficult for a small operAtion 1-2 guys to allow for short term financing options. What are people doing these days to continue doing the short term financing but avoiding the new laws and pitfalls.TiaSee More
5 hours ago
John Sternal posted a blog post

Entry Level Prices Fall As Gas Prices Rise

Here is the latest used car market report from Black Book. Each week as we look at the most recent overall market changes, we are trying to identify any movements or consistencies in the market that will support the dealers, lenders and remarketers in their next steps in business. Is there a segment showing strength or weakness or a changing trend? This past week we saw a…See More
yesterday
Paul Potratz posted a blog post

Need More Showroom Traffic?

Do you need showroom traffic? Of course you do! This week on Think Tank Tuesday learn how to drive your virtual showroom traffic. Leave Your Comments below the video and Share it Please.Visit our website: www.ppadv.com Like us on Facebook: www.facebook.com/PotratzAdvertising Follow us on Twitter: @PotratzSee More
yesterday
Profile IconGreg Kelly, Roel Guerra, James L and 2 more joined Auto Dealer People
Monday
Brett Houchin posted an event
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Mastering Special Finance at Kansas City, MO

June 12, 2013 at 8am to June 13, 2013 at 5pm
In this two-day NCM class, special finance expert Greg Goebel shares his comprehensive plan to build and grow your special finance operation to return higher volume and greater profits for your dealership. Students will learn the 10 components of a successful special finance program, from matching your customers, finance companies and inventory, to systems, advertising, engaging the customer, and more.An exclusive feature of the training, Goebel will provide every student with a customized…See More
Monday
Gene Daughtry's discussion was featured

WHY THE DIFFERENCE IN PRICE?

The temptation is great. Commissions at stake. The customer is willing. Just raise the price enough and let's get them into financing.Of course, this is illegal if you have already quoted one price or your vehicle is priced in an ad online or in print.     by Gene DaughtryMay 15, 2013Share on facebookShare on twitterShare on email…See More
Monday
C.R INC posted a discussion

LOOKING FOR CARS POOLS TO PURCHASER OR BUY?

MY COMPANY LOOKING FOR  PURCHASE VEHICLE POOLS TONS OF ACCOUNT?SO IF ANY OUT THERE WE CAN PURCHASER?See More
Sunday
Brian K. Martin replied to Mark Marino's discussion Which units to buy for Westlake
"The secret to success with Westlake is class 1,2,3,4, cars. Toyota's, Honda, Nissan's etc. 6k-12k is there sweet spot. So, when you are booking your car in the buy program, in the middle of that window where you is "class" you…"
Saturday
Richard Tarco posted a discussion

Auction Credit in Texas for floor planning finance?

Anyone have info on Auction Credit Company in Texas?  They are a Floor planning finance company based out of Irving, Texas.   www.auctioncredit.comSee More
Saturday
Randy Henrick commented on JOHN MARK's blog post NEED INFORMATION REGARDING COMPLIANCE ISSUES
"Let me ask you a few questions, I am assuming you are doing indirect (three party) auto finance:  Do you pick the lenders to send your credit apps to or do they all go to a single lender?  Do you ever mark up the buy rates that the lender…"
Friday
Gene Daughtry commented on JOHN MARK's blog post NEED INFORMATION REGARDING COMPLIANCE ISSUES
"Morning John, My rule is make it policy....if you take an application then give out the privacy notice and send an adverse action letter on anyone you pull a bureau on and do not deliver. Make it a procedure and monitor it until your satisfied…"
Friday
Terry Dortch commented on JOHN MARK's blog post NEED INFORMATION REGARDING COMPLIANCE ISSUES
"there are several legal rulings out now that have established case law stating that it does not matter that the lender is sending out the adverse action letters but the dealer must as well since the dealer is the one initiating the transaction and…"
Friday

Detroit News

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Forum

WHY THE DIFFERENCE IN PRICE?

Started by Gene Daughtry May 16. 0 Replies

The temptation is great. Commissions at stake. The customer is willing. Just raise the price enough and let's get them into financing.Of course, this is illegal if you have already quoted one price or your vehicle is priced in an ad online or in…Continue

Tags: Daughtry, NCM, Associates, SpiFi, Gene

Mobile

Started by Irwin Toyota Ford. Last reply by Claude Guillemette May 14. 5 Replies

What website company in your opinion offers the best mobile site layout/design?Continue

Tags: mobile

New Vehicle VDP's

Started by Irwin Toyota Ford. Last reply by Tom LaPointe May 13. 1 Reply

Does anyone have any examples of NEW car inventory merchandised very well to drive VDP’s?1. Competitive Price2. Video3. Quality Pics4. Seller’s NotesSpecifically, I’m looking for dealers who have done a standout job with seller’s notes to customize…Continue

Tags: VDP's, vehicle, new

Which units to buy for Westlake

Started by Mark Marino. Last reply by Brian K. Martin on Saturday. 3 Replies

I've recently signed up to Westlake. Haven't been trained yet. I'm just looking to see which vehicles work best with the program. I currently run a cash/BHPH lot, Westlake is the first subprime lender I've ever worked with. I currently stick to the…Continue

How to take advantage of big event at our Fair Grounds

Started by Frank. Last reply by Frank Apr 27. 4 Replies

Getting set up with five car spots for semi annual Swap Meet put on by Chamber of Commerce at our Fair Grounds. Very popular local event we will be right on the main entrance.Would like to make this a BIG Event  !!! I would like to give away a…Continue

Tags: marketting

I need floorplanning!!

Started by James Dalrymple. Last reply by CHRIS Apr 29. 11 Replies

I have a dealership in GA. I have been open for about 8 months. My partner and myself have been using cash to buy vehicles. I would like to get floorplanning from somebody, anybody so I could have more freedom to purchase vehicles. We are pretty…Continue

Websites

Started by Irwin Toyota Ford. Last reply by David Ortiz Apr 25. 14 Replies

I’m looking for a company to build 3 websites/microsites (mobile version included) for my Bodyshop, Quicklane, and a Credit Challenged related site. Any suggestions of comapnies that do a good job with SEO, unique content, and flexibility?Continue

Start up cost ? with current $25k in flooring.

Started by Erick Chavez. Last reply by Konrad Czer May 3. 8 Replies

Hi guys, OK so a little about me, I've been in sales since i came out of high school, 10 years now, Just got my dealers license a year ago, I've done everything from the bottom up. Sales, Closer, Finance, Desk manager, manage inhouse deals, and…Continue

Tags: flooring, up, start

The Latest from Auto Dealer Monthly

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RULES OF ENGAGEMENT

As a part of Used Car University, LLC, this site is intended for the betterment of automobile dealers and their teams.

While we welcome all members of the allied and finance industry, we expect posts to be helpful, for the purpose of dealer education and informative - not solicitations. AutoDealerPeople.com maintains the express rights to determine what content is appropriate on this site. Blatant attempts to mass solicit, harass, insult or threaten will not be tolerated, and may result in banning.

Self promotional photos, videos (in reasonable quantities)and blogs are permitted on your own page as long as they are not deemed to be in poor taste, non-factual in claims or nature, or intentionally damaging to other members.

The exchange of contact information and detailing of services offered if requested by a dealer or dealership personnel is certainly welcomed, but any unpaid advertisements about your product or services are otherwise prohibited. Should you have a question about these rules please contact Harlene@UsedCarU.com in advance.

We thank you and look forward to serving the auto dealer community.

Blog Posts

Secondary Finance Pay Plan

Posted by David Disbrow on April 16, 2013 at 11:30pm 4 Comments

In a new car and truck dealership, what is a good payplan for a secondary finance manager with 3 secondary salespeople under him? Also, how would you pay the salesperson who first greeted the customer?  There always seems to be discord between the primary dept and secondary department. Are there any suggestions to bring harmony to the 2 departments?

Any and all suggestions are welcome

Disclose credit reporting to customers

Posted by Grace Romero on April 9, 2013 at 4:26pm 11 Comments

Hey Everyone.

We just got approved to report with Transunion (2-3 months waiting period for testing)
My question is now that will be reporting do we need to notify customers and is there a certain text/disclousure/law we must include in our notices to our customer?

Not too many resources online for this and any help is greatly appreciated!

Designing Promotions for Your BHPH Dealership - Part 2

Posted by Alan Mosher on March 28, 2013 at 12:09pm 1 Comment

Part 2 - Collections Promotions



As I said in the first part of this series here, properly designed promotions are more fun than advertising. Promotions should involve your employees, your customers, friends, family, neighbors, etc. All promotions should be done in a festive atmosphere. Plan the promotions so that as many customers as possible are…

Continue

Used Car University's Facebook Page Needs YOU!

Posted by Brett Houchin on March 27, 2013 at 3:30pm 0 Comments

Hello Auto Dealer People, this is Brett Houchin with Used Car University. I wanted to let everyone know that we have the Used Car University Facebook Page up and running, and we would love to encourage everyone here to come by, LIKE our page and comment and contribute to any discussions, posts, blogs, photos or video to help educate each other and anyone who can find the…

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10 Key Characteristics of the BHPH Customer

Posted by Alan Mosher on March 21, 2013 at 2:01pm 1 Comment

It is easy to sell more cars in the Buy Here-Pay Here industry. All you have to do is say “Yes”. The challenging parts are knowing which customers to say “Yes” to and how to collect the balance of the loan.

In order to make that decision, there are 10 Key Characteristics that are important…

Continue

So you're interested in BHPH

Posted by Gene Daughtry on February 19, 2013 at 3:00pm 4 Comments

 

dealers are making good profits in BHPH

You keep hearing that dealers are making good profits in Buy Here Pay Here. You have decided that you would like to pursue the business. What is your next step? After all you may have been in the car business for years. You understand buying and selling cars. You know how to run a compliant Finance Department and a profitable shop. Isn’t BHPH or LHPH just other ways of financing cars?

The answer is not…

Continue

Training and Attitude Are the Keys

Posted by Gene Daughtry on January 29, 2013 at 3:07pm 0 Comments

Training and Attitude Are the Keys to a Smoothly-Run BHPH Operation

Teamwork Do you enjoy what you do each work day? Maybe I’m a little “off,” but I enjoy the craziness of a very busy day. You know—the days where so many folks are on the lot it reminds you of a county fair. Everybody’s phones are ringing almost nonstop. There is a line at the…

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CFPB Director's Appointment in Question

Posted by Randy Henrick on January 28, 2013 at 5:32am 7 Comments

The D.C. Circuit ruled last week that President Obama did not have "recess appointment" authority to appoint members of the National Labor Relations Board in January 2012, the same time as he appointed Richard Cordray to be Director of the CFPB.  Cordray was also a recess appointment.  The Court ruled that Congress was technically in session.  This ruling will be appealed but it may slow down some of the CFPB's initiatives including its auto finance initiatives.  Cordray has indicated that…

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