As one who has been in this great business for a few months

I would like to add some thoughts:
There is no question that these are tough times. While some of us veterans can say that we have been through this before, we have not. Selling vehicles in the late 70’s and early 80’s was no picnic. Double digit inflation (we received price increases from the OEM’s every 4-6 weeks) and double digit interest rates (financing new vehicles at 16%--it would have been higher had the law allowed).
The greatest difference from those tough times and the ones we are going through now is the media and the Internet. Let me explain—not only has the Internet become the point of entry to the transaction for the vast majority, it also has hastened change. *Change in the marketplace based on news reports. *Change in consumer decisions based upon the media. *Rapid change in wholesale values based on consumer swings in what they are buying.
*Change in the marketplace based upon news reports: While print has deteriorated as the primary source of information for many, broadcast and the Internet have expanded. It is not long ago that you had 30 channels, much less 3 to choose from. Now we have hundreds. Many are devoted only to news and or finances. They say that bad news travel fast, and that has never been more factual than today.
*Change in consumer decisions based upon media: We have always tended to blame the media for our troubles. While this might be somewhat true, with more, easier and quicker access to news, it is making the consumers quicker to shy away from major decisions faster than ever before.
* Rapid change in wholesale values based on consumer swings in what they are buying: I have never seen or been aware of the flux in consumer buying and wholesale values. The swing has been mind boggling from SUV’s to Hybrids to SUV’s. Whew!
Now, all that gloom and doom stated, let’s look at the truths:
* “JD Power projected that the number of franchised dealers would drop from 22,000 to approximately 12,000 in ten years.” Of course that projection was published in 1980. THAT’S 1980! Has it happened—no. Could it—sure—and California could slide into the Pacific Ocean, too.
* “People are not buying cars.” Hmmm. While not as many are today, the reality is that a whole bunch are. And the good news is that the best MONTH of the year is around the corner—beginning on December 26 and ending on January 1.
*”The Internet has ruined the cars business.” Really. Or has it made the shopping process easier and quicker once the consumer enters the showroom?
*”I can’t make any gross because of the Internet.” Really. Taking orders or helping people buy?
The facts are that great salespeople are great in good times and tough times. The things that make them great are the tried and true basics. Tenacity, product knowledge, people knowledge, attitude, attitude and attitude. Ed Parkinson’s engraved message above is right on the money.
Good habits are learned in hard times. Bad ones creep in during good times.