The Lot Blog

As you know, there are many different types of people who come into your car dealership looking to buy a reliable car. Some have a good credit history while others have difficulty getting credit approval from auto lenders and finance companies due to bad credit. People who...
small-image-How Dealerships Can Approve Car Buyers with Bankruptcy or Foreclosure
While meeting sales cycles and quotas may be the keys to running a successful car dealership, having a well-trained staff is a critical component to accomplishing those key metrics. Taking the steps to ensure your dealership staff is trained during these...
small-image-Ways to Train Your Car Dealership Staff Effectively
The way people respond to advertisements has changed significantly over the years. Gone are the days when consumers were easily wowed and won over by flashy signs and aggressive sales pitches. Nowadays, having quality content that informs, engages and resonates with...
small-image-Why Lead Generation Is Important for Your Car Dealership
Back in the day, a car dealer’s reputation was built through word of mouth and street presence. However, in today’s modern, digital era, more factors play a role in building and maintaining a solid reputation, including online and community presence. ...
small-image-How Your Dealership Can Strengthen Its Reputation
If you are an independent, franchise or Buy Here Pay Here car dealer, you most likely work with different lenders and finance companies to help car buyers with a range of credit scores get approved for financing. When working with a variety of customers, helping...
small-image-How to Help Car Buyers with Auto Financing
Although the coronavirus pandemic has disrupted the automotive industry, J.D. Power states that overall car...
small-image-Strategies for Car Dealers to Navigate COVID-19
With the economy significantly impacted by COVID-19, online and mobile shopping has dramatically increased, with the result that dealerships are becoming more innovative with regard to their online and mobile car shopping experience. A recent...
small-image-Why Your Dealership Website Should Be Mobile-Friendly
Understanding how much your customers want to spend is important when helping them purchase a car that meets their budget. If you’re a car dealer that offers subprime auto financing to car buyers with bad credit or no credit, listening to your customers’ needs and showing them cars...
small-image-How Dealers Can Help Customers Buy a Car Within Their Budget
Whether you’re a franchise, independent or buy here pay here car dealership, you’re in the business to sell cars and make a profit. But in order to do this, it’s important to have the right systems and strategies in place for your sales team to achieve and maintain...
small-image-3 Effective Ways to Improve Your Car Sales
The COVID-19 pandemic has impacted numerous companies around the world, causing them to reevaluate their business models to stay afloat in this unstable economy while striving to keep their employees and customers safe. With shelter-in-place and business...
small-image-3 Ways Dealers Can Help Auto Shoppers During COVID-19
Oftentimes, credit-challenged car buyers have a hard time getting approved for financing because of their poor credit history. Given the fact that many car dealers offer vehicle financing that primarily caters to prime and super prime car buyers, there are many...
small-image-How Car Dealers Can Approve Customers with Bad Credit or No Credit
When it comes to auto financing and/or purchasing a vehicle, many first-time car buyers—a majority of whom include Generation Z and younger millennials—don’t know what...
small-image-How to Help First-Time Car Buyers Purchase a Vehicle
When it comes to running a used-car business, independent car dealers usually have two things in mind: 1) having sufficient capital and access to quality inventory, and 2) selling more cars to grow their business. Having a strong web presence, mobile...
small-image-How Independent Dealers Can Grow Their Car Business
With the rise of online shopping and the influence of web and social media on the car-buying process, it’s easy to think that younger, tech-savvy generations are more inclined to shop for and even purchase their vehicles online. While that assumption isn’t...
small-image-Car Buying Trends for Gen Z
While offering subprime auto financing may not seem necessary for your franchise car dealership, it can mean more for your car sales than you may give it credit for—pun fully intended. If your dealership currently does not offer subprime...
small-image-What Franchise Dealers Should Know about Subprime Financing
Between April 24 and May 1, 2019, Cars.com surveyed more than a thousand current and expecting mothers about their top needs and concerns when shopping for the
small-image-Car Buying Trends for Families
If you’re a Buy Here Pay Here car dealer, chances are you already offer your own, in-house vehicle financing to car buyers with bad credit or no credit. If this is the case, you may not see the benefit in working with subprime lenders or...
small-image-What BHPH Dealers Should Know About Subprime Financing
Millennials (people born from 1981-1996) are an important car-buying generation for today’s car dealers. According to an article by Max Digital, 34 percent of millennials intend to purchase a vehicle in the next 12 months, and this trend will continue as...
small-image-Car Buying Trends for Millennials
There is a significant number of car buyers who have difficulty getting approved for financing through traditional lenders due to having bad credit or no credit history. According to Experian’s 2019 Q2 State of the Automotive Finance...
small-image-How Subprime Financing Can Help You Grow Your Car Business 
Projections for new and used car sales in 2020 are making their way around the auto industry. Used Car Sales Used car sales are expected to rise through 2020, according to Edmunds.com, while used car prices are expected to...
small-image-2020 Auto Industry Trends for New and Used Cars