ForWare’s Post

TRADITIONAL AUTO DEALERSHIP FRANCHISES MIGHT WORK BEST, NEW STUDY SAYS A new Oliver Wyman study, commissioned by NADA, believes the cost advantages of hybrid or direct-to-consumer auto distribution models have been overstated. https://lnkd.in/enbKNRC3 #automotive #effectvinsights #dealershipfranchise #nada

The dealer franchise system is alive and well based on this study from Oliver Wyman. The study points out that the dealer franchise model is better for the Customer and the OEM. A very balanced analysis with data to support the findings. #autodealers#oliverwyman

Agreed! "Traditional auto dealership franchises may be the most cost-effective way to sell cars after all," compared to a direct-to-consumer model, according to a new study commissioned by National Automobile Dealers Association (NADA) as reported at Automotive News. I especially love this part from the article: "The franchised dealership model wins because it offers local sales and service support as well as pricing strategies that can be tailored." Car Pros Automotive Group is proud to be a franchised dealer for all these reasons, and more! Click here for more about this report and its findings: https://lnkd.in/gs_t87Ae  #CarPros #automotive #carbusiness #dealerships #autoretail #autoindustry

Dealers are more than a retail vehicle sales business, they are our friends and family, community members, shoppers, educators, event sponsors, civil contributors, and market leaders. I am not surprised with the conclusion of the study's fiscal comparison of the 3 different models of distribution efficiency, but it only scratches the surface of the intrinsic value of our local dealerships to our community and our country in its determination the viability and value. Conclusion: "To recap, our analysis indicates that, in the US, there is only a modest per-car gross cost difference among the three channel choices modeled, and when channel-generated values are taken into account, the dealer channel pulls slightly but ahead. Given these findings and the enormous total cost that completely transforming a dealer network in pursuit of another channel would require, there is no good case for an incumbent OEM to make that change. Our analysis also revealed large variations in costs and values within channel types, implying there are larger savings to be had by optimizing one’s channel rather than by changing it. For incumbent OEMs committed to the dealership channel, and for dealers in the channel committed to their OEMs, this means collaborating more closely with each other in pursuit of such optimization, to the benefit of both."

Car dealers – have your say: MTA seeks views of franchise holders across New Zealand for survey closing on November 15. #motortradeassocition #mta #survey #dealers #franchise #new #cars #dealerdistributorrelationshipindex #industry #carnews

Big-box retailers have become increasingly popular choices for tire purchases, and dealerships should be paying attention. 29% of customers who didn’t buy their tires from dealerships opted for these retail giants. Most of this growth has come at the expense of traditional tire store franchises, which still hold the majority share at 52%. But why is this happening? And how can dealerships respond? Let's take a closer look 👇 https://hubs.li/Q02DZJtp0

Wondering if your dealership qualifies to partner with Bay Motor Finance? 🚗 We're here to support independent auto dealerships and franchises across Maryland, Delaware, and surrounding areas! Discover how we can help you drive success. #BayMotorFinance #BMF #BayMotor #BayFinance #MotorFinance #CarFinancing #DealershipFinancing #BayMotor #RapidFunding #CustomerService #LocallyOperated #LocalBranches

How to Buy a Car Dealership Franchise: A Step-by-Step Guide If you're considering buying a car dealership franchise, this comprehensive guide will walk you through the entire process. Read more about it here: https://lnkd.in/gUhUF_qB