June 2022 Newsletter

We hope everyone had a safe and enjoyable Memorial Day Weekend and found time to honor and recognize all who have, and are serving this great country of ours! 

The more things change, the more they stay the same…

Another month has come and gone and it feels like the story of the last year and a half just continues to repeat itself.

– Inventory concerns, check.
– Staffing issues, check.
– EV adoption rate questions, check.
– Inflations concerns, check.
– Industry consolidation, check
– Global/social unrest, yep, check that one as well! 

Dealers persevering and finding ways to win, CHECK, CHECK and CHECK! 

To read our full newsletter follow the link https://mailchi.mp/advdealer.com/june-newsletter.

Advanced Dealer Solutions May Newsletter

The month of May brings us to the eve of summer, and later this month, many Americans will celebrate Memorial Day with friends and family around a lake, at a barbecue or watching a parade. 

For a huge swath of the country that endured a long, cold, wet winter, summer cannot come soon enough and hopefully May brings us the sunshine and warmth we have been anxiously awaiting since late October 2021. 

Typically the warmer weather and sunshine bring increased vehicle sales. Summer sales, new model introductions, etc. all lead to more customers purchasing new, or new to them, vehicles. Although most dealers are still dealing with little to no inventory, there have been some signs of improvement. Many questions remain about what the new normal will be, and when we will all settle into it. For now, dealers continue to enjoy demand outweighing supply.

With increased volume, specifically F&I production, means dealers are generating more F&I reserve dollars than ever before. And for many dealers, participation in their F&I underwriting profit, or reinsurance, is seen as a retirement plan, or a method to generate capital to help fund their business. We have worked with too many dealers through our careers who are placed into structures that are clearly not the best option for them and their goals. Please take a moment to read through the article on navigating the myriad of options available to dealers today. 

And last, but not certainly not least, Happy Mothers Day to all the amazing and wonderful mothers in each of our lives. 

To read our full newsletter follow the link https://mailchi.mp/advdealer.com/may-newsletter

April Newsletter

And just like that, the first quarter of 2022 has come and gone. Hopefully you are more than a quarter of the way to your annual goals. We at ADS are excited about how the year has started, and even more excited about our outlook over the next nine months.
 
The month of March marked a comeback of sorts. After a couple years off due to the pandemic a few key events made their way back to our calendars. First, we spent some time with our valued partners at NAE in beautiful Cabo San Lucas, Mexico. We enjoyed relaxing and catching up with so many dear friends on all the happenings over the last couple years.

We hope you all have the same optimistic outlook our team has for the remainder of the year. If there is anything our team can do to support you and your goals, please don’t hesitate to reach out to one of our very talented team members.

To view our full newsletter https://mailchi.mp/advdealer.com/newsletter-april
 

Advanced Dealer Solutions March Newsletter

Spring is often associated with rejuvenation, regrowth, and rebirth. One could argue those three words take on more importance this spring season than most others in recent memory. 

The good news is, all three seem to be in play this year, especially in the retail industry.  

March brings a time change (for most of the country), one of the greatest sporting events ever created (March Madness) and Auto, RV and Powersports shows fill convention centers across the country displaying the latest and greatest each manufacturer has to offer.  

The shows this season are filled with a variety of electric options from many manufacturers. This is not the first foray into electrification for this car-crazed country, in fact, far from it. Take moment to read the article below about the history of the electric automobile and how we got to where we are today.  

Speaking of EV’s, please also take a moment to learn more about a VSC option from a great partner of ours, Axiom Administration, for the growing market of electric vehicles.  

Lastly, make sure to visit the Toy Box below for an added history lesson about the electric vehicle and its ties to Cleveland, Ohio! 

We hope all of you are ready to ‘spring’ into action as we head into the main selling season.

To read the full newsletter follow https://mailchi.mp/advdealer.com/newsletter-march

February Newsletter

2022 is off to an interesting start to say the least. The combination of the Omicron variant wreaking havoc on dealership staff, mixed messages about how best to combat the spread of the virus, uncertainty about supply chain and changes in the Fed policy have added to the already nebulous outlook for 2022.
 
What hasn’t changed is consumer demand continuing to outweigh the abilities of the global supply chain, which is putting dealers in an odd, but enviable position. Many dealers thrive on volume, and although margins are strong, they long for the days of lots filled with ready to deliver inventory. It appears the industry consensus is showing a backlog of demand in the range of 2 to 2.5 million new vehicles. If those predictions prove out, then we can get comfortable with the current market conditions and continue to maximize the opportunities in front of us.
 
One potential downside to this market is the dealership fixed operations. Increases in parts and labor cost, further depletion of the technician labor force and lower sales volume create the potential for several missed opportunities causing a negative effect on a dealer’s fixed operations.

To read the full newsletter follow https://mailchi.mp/advdealer.com/newsletter-february.

January Newsletter

Welcome to 2022! We have officially flipped the calendar on another year. Looking back to a year ago, the consensus was that we would be past COVID, supply chain issues, etc. Conversely, it feels quite the opposite. All the issues and concerns of the past two years are still with us and it appears they will be for some time. Despite the obstacles, many of you took the last month to put the finishing touches on a remarkable year and made plans to ride the momentum well into the new year. 

Our team is excited for the year ahead and have laid out some ambitious plans for what we want to accomplish. We will not simply speak of ‘hoping’ to execute on our strategies, we will focus on constant and measurable improvement so we can continue to exceed our dealer’s goals and expectations. We look forward to holding each other accountable to complete another goal shattering year.

Let’s all make 2022 Our Best Year Ever!

Happy New Year!

To read the full newsletter and subscribe follow the link below.

https://mailchi.mp/advdealer.com/newsletter-january

November Newsletter

1/6th, that is all we have left of this wild year. Are you prepared to go into the final 6th more determined than you started? Can you and your team accelerate past the competition as mental and physical fatigue begin to set in? Can you put the finishing touches on the masterpiece of work you have been working on your whole career?

https://mailchi.mp/advdealer.com/newsletter-november-ads

Advanced Dealer Solutions November Newsletter

Later this month most Americans will take time to give thanks. For the ADS team, we are thankful each and everyday for the level of confidence and trust our dealer partners grant us, and for the best in class vendors we are fortunate enough to do business with. 

In this edition, you will find a summary of our new product offering Brake Plus, the newest employee Eddie Rains, and what’s new on APP.

We welcome any feedback and will seek to continually improve with each issue. It is through this ongoing experiment that we look to gain more knowledge, insight, and ideas that we will pass along to our current and future dealers.

To read the full newsletter and subscribe follow the link below.

https://mailchi.mp/advdealer.com/newsletter-november-ads

Advanced Dealer Solutions October Newsletter

As we enter the final quarter of this historic year, it is clear many questions remain heading into 2022. Inventory shortages still lead the conversations we are having with dealers. When will inventory levels return? What is going to happen with used car values? Will staffing issues subside? No one has a crystal ball, so we are left guessing to come up with the answers to those questions. The one thing we know for sure is our dealers will continue to thrive. 

Over the next, 3-months dealers across the country will be finalizing their business plans for next year. This year’s incredible performance should raise expectations and we look forward to the challenge of continuing the record-breaking performances we have been a part of this past year. 

This month we feature an organization that is near and dear to our hearts – Breast Cancer Awareness and the National Breast Cancer Foundation, Inc. Please click the link below to find out more ways to help raise awareness. Far too many families are affected by this terrible disease, and we hope to help spread their message. 

We welcome any feedback and will seek to continually improve with each issue. It is through this ongoing experiment that we look to gain more knowledge, insight, and ideas that we will pass along to our current and future dealers.

To read the full newsletter and subscribe follow the link below.

https://mailchi.mp/advdealer.com/newsletter-october

Advanced Dealer Solutions September Newsletter

As summer unofficially draws to a close with the passing of Labor Day, we turn our attention to fall and its many splendors. Before we do, let us call attention to the summer of 2021 and how incredible it has been for our industry. Despite the many calls for sales to run dry due to inventory shortages, the surge of the Delta variant, staffing issues, etc. our dealers have continued to find a way to thrive amidst all the volatility. Additionally, the summer of 2021 saw many families and individuals hit the road for new adventures and exploration. 

We welcome any feedback and will seek to continually improve with each issue. It is through this ongoing experiment that we look to gain more knowledge, insight, and ideas that we will pass along to our current and future clients.

To read the full newsletter and subscribe follow the link below.

https://mailchi.mp/advdealer.com/advanced-dealer-solutions-september-newsletter