Lotpop

LotParty Podcast powered by Lotpop

Business EN ↓ 350 episodes

Lotpop's LotParty Podcast brings weekly tips to help car dealers improve sales, used car process management and internet sales process management. LotParty is hosted by Jasen Rice, owner of Lotpop, Inc a company that helps automotive dealerships improve new and used car sales. Automotive tips and trends.

Author

Lotpop

Episodes

Stock to sale rate not on hope #first30 22.05.2019 9:01

In this quick tip Jasen Rice from Lotpop inc goes over why you dont need 150 cars in stock to sell 100, be proactive. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physical lot that whats going on online with their v...

Why marketing of your used cars is more important than the stocking choices you make #first30 08.05.2019 7:45

In this quick tip, Jasen Rice from Lotpop, Inc. on why marketing your used car is more important than your stocking choices. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physical lot that whats going on online with...

Its May, and here is what you can expect from your used cars and the market #first30 03.05.2019 8:54

May is here. So here are some tips on what to expect over the next 45 days. Jasen Rice from Lotpop Inc. goes over what they have seen in trends for May over the last 6 years. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with t...

I had a hard time this weekend justifying something. Made me think about car salesman 29.04.2019 9:11

Why your salesman need to know the story behind all your cars. In this quick tip, Jasen Rice from Lotpop, Inc goes over how selling his house made him think about the importance of salespeople and the story each used car has Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their n...

Here is the truth about the cars sitting on your lot & why your great March doesn't matter any more 03.04.2019 8:05

In this quick tip Jasen Rice from Lotpop, Inc goes over why your strong March sales do not matter any more and what is true about every used car sitting on your lot right. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with thei...

Top 10 Don’ts of Used Car Inventory Managment-Live General Session at #IDS19 #first30 28.03.2019 29:31

Jasen Rice did a general session at Innovative Dealer Summit going over the "Top 10 Don'ts with Used Car Inventory Management". Check out these tips on what not to do with your dealerships used car inventory management and used car sales Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching onlin...

What does a Yeti, cycling signed jersey & customer buying habits have to do with your dealership? 22.03.2019 9:53

Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physical lot that whats going on online with their vehicles gets over looked. Lotpop will help consult you with your used car operation and manage/monitor all the right p...

You always want to be a buyer, don't let your inventory get behind. #first30 19.03.2019 8:46

In this quick tip, Jasen Rice from Lotpop, Inc goes over why you always want to be a buyer at current market values with your used car inventory. Don't have an aging problem that causes you to not be able to buy when the wholesale market is good. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers search...

What you need to do with the used cars you are paying top dollar for right now. #first30 14.03.2019 9:37

In this quick tip Jasen Rice from Lotpop Inc. goes over why you need to get these used car March purchases moving off your lot as soon as possible. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physical lot that what...

Why last months leads should be high priority this month. #last30 #first30 04.03.2019 8:35

In this quick tip, Jasen Rice from Lotpop Inc., goes over why activity per lead is important to stay consistent week after week to keep your sales steady. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physical lot th...

Quick Tip: Manage your first 30. This effects your gross, volume and turn around time #first30 26.02.2019 7:52

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over why the first 30 days of what a dealer sales and what the % of current inventory is in the 30 days, is the most import trend they should be tracking Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next...

Why, as a dealer, you shouldn't worry about companies like Carvana, vroom and others 15.02.2019 10:06

In this Lotparty Facebook Live quick tip, Jasen Rice from Lotpop Inc goes over why, as a dealer, you shouldn't worry about companies like Carvana, vroom and others. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physi...

WARNING: Don't let today's traffic bring April tragedy. Set your inventory up for a market shift. 13.02.2019 7:58

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over how the market will change for car dealers in the next 45 days for their used car inventory and their traffic Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy...

New metrics are good for used car management but have an age policy, and dive deeper into the car 07.02.2019 9:54

In this quick tip video, Jasen Rice from Lotpop, Inc. goes over how to use metrics like vAuto's Provision ProfitTime, and what to expect in the market and sales over the next 60 days for used cars. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most mana...

Dealers are slow, trades are going to be tough and #NADA 23.01.2019 9:55

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over why dealers are slow in January and why they need to get their trade in process better. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physical l...

Getting leads and ups but no one pulling the trigger to buy? And why your gross is low 17.01.2019 9:35

In this Facebook live quick tip Jasen Rice from Lotpop, Inc. goes over the current market trends of having customers but a lot of them are not buying right now. Also goes over why a dealerships gross is low this time of year too. #nada Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online...

Cheap pricing fresh cars is not what is costing your dealership gross in used cars #nada #nada2019 07.01.2019 9:00

In this Facebook live quick tip, Jasen Rice of Lotpop, Inc. goes over why it is not fresh cars priced too cheap costing dealerships gross or the fact that you dropped the price too much, it is an aging problem that is costing dealerships gross in used cars. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more custo...

Dig deeper into your used car numbers, not just units sold and gross. #nada2019 04.01.2019 8:39

In this Facebook quick tip, Jasen Rice from Lotpop Inc. goes over why just looking at your units sold and gross profit is not enough to know how efficient your dealership is with used car management. You also get a sneak peak of his 3 year old daughter. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers...

Dec 21 days of Do's & Don'ts #11: Do fill your pipeline with inventory and leads consistently 21.12.2018 9:58

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc goes over why keeping your inventory level (and lead level) consistently because being too heavy or too light can cost you. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so b...

Dec 21 days of Do's & Don'ts #10: Do attack your inventory with top down management 17.12.2018 6:23

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over why top down management gets the best results for inventory management Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physical lot that whats goi...

Dec 21 days of Do's & Don'ts #9: Don't over complicate your vehicles when pricing. 14.12.2018 9:20

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over why a dealer shouldn't over complicate pricing a car. If it is not performing move the price. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their phys...

Dec 21 days of Do's & Don'ts #8:Don't change price process to compensate for slow turn around 13.12.2018 7:40

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over why you need to stay on your pricing strategy to keep your inventory moving. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with their physical lot that wha...

Dec 21 days of Dealers Do's & Don'ts #7:Don't wholesale age car until retail $ matches wholesale $ 12.12.2018 8:00

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over why you should never wholesale an aged car until you have had that car priced at wholesale dollars. Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with thei...

Dec 21 days of Dealerships Do's & Don'ts. Day 6: 1 thing that kills any dealers gross 11.12.2018 7:26

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over the one thing that kills dealerships gross no matter how good the dealership is with everything else Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online for their next used car, but most managers are so busy with the...

Dec 21 days of Dealerships Do's & Don'ts. Day 5: Do your virtual lotwalk & maximize every listing 10.12.2018 9:24

In this Facebook live quick tip, Jasen Rice from Lotpop, Inc. goes over why every dealer needs to do their virtual lotwalk and maximize every vehicle listing as possible. 3rd party sites are dictating if your car is a good deal or not Lotpop will provide the people and processes for automotive dealerships to be more successful in todays market. There are 100 times more customers searching online f...