White Papers
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September 01, 2021
Combine a labor shortage with increasing prices for supplies and equipment, and vehicle dealerships everywhere are trying to do more with less these days. The good news is that by improving your current procurement and inventory management practices, you can deliver a significant boost to your bottom line.
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July 01, 2021
When you buy from yourself, you don’t just save money — you can actually earn it through a profit-sharing partnership with WASCO (Wholesale Auto Supply Company). Thanks to its unique business model, automobile dealerships that buy from WASCO have the opportunity to become stockholders and actually enhance their income by becoming dividend-earning patrons.
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July 17, 2020
A strong economy with rising interest rates and falling unemployment is good news, but it also means that running a business is more expensive. While dealers are clearly seeing that vehicle inventory carrying costs and workers’ benefit costs are on the rise, the day-to-day demands of selling and servicing vehicles can make it challenging to evaluate other costs of doing business.
To counteract these and other rising expenses and achieve money-saving goals, dealers need to do two things...
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July 10, 2020
Thanks to the rise of ecommerce, comparison-shopping has become something of a national pastime. In business, though, price comparisons are critical to effective cost management and resource allocation.
The fact is, pricing and “deals” that sound too good to be true generally are. In a layman’s world, a shopper can easily tell if a...
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July 03, 2020
Even if you know the ins and outs of your dealership’s day-to-day cash flow like the back of your hand, it’s highly likely that there are some opportunities for savings tucked within your budget. You might find that a few small changes can save you serious money, along with streamlining your procurement and operations. The following hidden tips and tricks don’t require cutting corners or...