Blogs

‘Tis the season for a jolly review of your F&I profit

Myril Shaw Dealer Profit Services

By Myril Shaw Well, here we are, the heart of the so-called "slow season."  Thanksgiving, and Black Friday, have now come and gone. Now that the craziness of this year has calmed a bit, it is time to evaluate and make decisions about how to be better. This is the season for change – change to make you better. Change to ...

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Boost your sales leads with these 4 digital marketing tools

By Ezequiel Arredondo In the past, digital marketing has been viewed as an optional investment for dealers—a means to pull in extra sales leads to supplement the number of customers who are browsing on the dealership’s lot—but now that the internet has become the central source for researching boats, parts and marine services, digital marketing is a must. Dealer Spike ...

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Expect the Unexpected

Bill Yeargin Correct Craft CEO

By Bill Yeargin Despite many of us having an inclination toward hindsight bias, which is believing we saw things coming when we actually didn’t, I haven’t spoken to one person who claims to have predicted the events of 2020. We have lived through a pandemic, social unrest, an economy that is struggling and a crazy election; as I have often ...

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Elliot’s Brief Blog

Elliot Eisenberg, Ph.D.

Dr. Elliot Eisenberg is an internationally acclaimed economist who was the keynote speaker at the first ELEVATE SUMMIT conference last year in Orlando, and will again reprise that role at ELEVATE SUMMIT 2020 happening online Tuesday, November 17. He will address key economic issues, including the 2020 presidential election, boating demographics and buying behaviors, GDP growth, interest rates, unemployment, inflation, ...

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My chicken just got burned and here’s what I’m doing about it

Mark Overbye headshot

By Mark Overbye An airline I recently flew on "burned my chicken on both sides." Not literally, but figuratively. I may or may not get over it. And here's what I am going to do about it. First, the backstory. Two travel vouchers worth $200 each expired one day before I got to use them. Incredulous, both a supervisor and then a ...

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F&I – The process drives the profit

Myril Shaw Dealer Profit Services

By Myril Shaw Simple, measurable, achievable, reasonable and time-based goals. They are absolutely a requirement for driving F&I Success. However, as important and necessary as they are, they are also not sufficient.   True F&I success is only possible with a comprehensive and robust F&I process. This process starts long before the customer is introduced to the Finance Manager (or, as ...

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Drive more business by consistently advertising your inventory online

By Ezequiel Arredondo It may seem practical and cost-effective to reduce your digital marketing spend during the slow months when you don’t have inventory on your lot. However, Dealer Spike has seen this practice weaken sales leads for dealerships in the long run. Digital marketing yields the best results for your business when efforts are constant, rather than stop-and-go. By ...

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How to avoid being on the “Most Hated Business” list

Mark Overbye headshot

By Mark Overbye Try this right now. Whether on your computer keyboard or an imaginary one, type the word, “typewriter.” Notice the letters are all on the top line? This isn’t a coincidence, it’s intentional. In 1873 E. Remington and Sons acquired the manufacturing rights to a new invention called the typewriter.  As the story goes, Remington’s engineers altered the final keyboard to ...

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Make F&I also stand for Fun and Inspiration

Myril Shaw Dealer Profit Services

By Myril Shaw F&I has earned a bad reputation, thanks, largely, to the way it was handled for far too long in the automotive industry.  The recreational industry can and should refresh the way people think about F&I. For purchasers of recreational vehicles – boats, RVs, ATVs, off-road, Powersports – F&I should not, cannot, be a pressure-filled, must do, frankly, ...

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Boating and the environment

Bill Yeargin Correct Craft CEO

By Bill Yeargin Labor Day afternoon I received an email from the White House inviting me to join President Trump and other leaders the next day for an event regarding Florida’s environment. Florida’s environment has always been important to me and the event was at one of our state’s most special sites, the Jupiter Lighthouse, so I quickly accepted. During ...

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