Elevation Dealer Services

Here is our most recent addition and our first Newsletter of Q4. 2024 is flying by. We are focused on How you build high performance sales teams, making things relational rather than transactional and we want your feedback on what each of you do within your Stores? Elevation Dealer Services Tim Arthun Chad Staples Shawn Mikesh Athina Sweigard Luke Redini Billy Champion Alex Oregel Ryan Young Toby Elmer Scott Finfer Kambri Hall

I'm often asked about reinsurance and retro programs for finance departments, but that's not really my wheelhouse. But as is my firm belief, telling a customer "I don't know" is fully acceptable, as long as it's followed with a "don't worry, I can find out". I worked with Chad Staples over at Elevation Dealer Services to draft a blog article that does a better job of explaining how these programs work, and some of the benefits to the dealership (both financial and tax related). In summary: In today’s highly competitive Powersports industry, dealers are constantly searching for strategies to build long-term wealth while maintaining control over their profit centers. One often overlooked solution is reinsurance, a financial tool that allows dealers to retain more profits from F&I products such as Vehicle Service Contracts (VSCs), GAP, and tire and wheel protection. Unlike traditional methods that rely on overcharges or "packs," which are taxed as ordinary income, reinsurance creates an opportunity for compounded growth through reserves. By shifting to this model, dealers can significantly enhance their financial standing, especially when selling a high volume of VSCs and other F&I products. The wealth-building potential of reinsurance becomes even more compelling for multi-store dealerships. For instance, with just 50 VSCs per month, a dealer could accumulate nearly $300,000 annually in reserves. Over 10 years, with compounded investment returns, this amount could grow to nearly $500,000. For dealers with multiple locations, the financial impact multiplies, offering millions in reserves and long-term growth. By embracing reinsurance, Powersports dealers not only increase their wealth but also gain more control over their business strategy and profit centers. If you'd like to read the full post, click on through.... https://lnkd.in/eHSUNhad #Reinsurance #Finance #ExtendedServiceContracts #VSC #GAP #TireWheel #PrePaidMaintenance

Here are 3 ways the new FTC rule is harmful for consumers. Follow for more insights from nearly 20 years of experience in the auto industry.

Panel discussion on warranties and reinsurance with our very own Chad Staples at AlADA Conference & Expo in Scottsdale, AZ, at the beautiful Cavasson Hilton! It was great to see an incredible lineup of industry leaders! My sincere appreciation to: Bart Nollenberger - Leadership Coach Phil Beckner - Elite NBA Coach Collin Pedersen Pederson - SEO Marketing Michelle Jackson - VP Sales, Advantage GPS Bryan Dobson - GPWA Reinsurance Edvie Castro - COO, DOWC Jake Withnell, CPA, CFP® - JGP Wealth Advisors Joe Keadle - SVP, Kinetic Advantage Tom Kontos - Chief Economist, ADESA Gary Dirstine - Auto Credit Specialist & Many More! 🚗 🚙 🚘

A big thank you to Reginald James for making it out for AIADA Conference this weekend. Able to see #ArizonaState beat #MissState Elevation Dealer Services

Excuses don’t drive success—effort does. Follow me @elevationds for more sales and leadership insight!

🏆 A Champion Joins Our Team! 🏆 We're thrilled to announce that Billy Champion has joined Elevation Dealer Services as our new Regional Sales Director in Dallas, TX! With nearly 30 years of experience in the Auto and Powersports industries, Billy is truly a wealth of knowledge and expertise. Billy is not only an awarded F&I Director but also a recognized development expert, bringing a proven track record of success and leadership to our team. His deep industry insights and commitment to excellence will be instrumental in helping our dealer partners achieve new heights. Please join us in welcoming Billy to the Elevation family! We're excited to see the incredible impact he'll have across Dallas and beyond. 🚀 Chad Staples Tim Arthun Shawn Mikesh Athina Sweigard Kambri Hall Alex Oregel Adam Zeringue Ryan Young #ElevationDealerServices #Leadership #AutoIndustry #Powersports #FandI #Dallas

🌟 Welcome to the Team! 🌟 We are excited to introduce Ryan Young as our new Regional Sales Director in St. Louis, Missouri! Ryan brings a specialized expertise in Powersports and Reinsurance, making him a valuable addition to the Elevation Dealer Services team. With his extensive industry knowledge and innovative approach, Ryan is poised to make a significant impact in helping our dealer partners maximize their potential and growth in these dynamic markets. Join us in welcoming Ryan to the Elevation family as we continue to elevate the standards of excellence in the automotive and Powersports industries! 🏍️🚗 Chad Staples Tim Arthun Athina Sweigard Shawn Mikesh Kambri Hall Alex Oregel Adam Zeringue Billy Champion #ElevationDealerServices #Powersports #Reinsurance #AutomotiveIndustry #Leadership #StLouis

Something has been on our mind Since #namad2024 National Association of Minority Automobile Dealers (NAMAD), and we want to share. We would love your honest feedback.