Elevation Dealer Services

Wishing Each of you a Merry Christmas, and a Happy New Year!

?? Closing Out 2024 with Optimism and Strategy for 2025! ?? As we approach the end of the year, now is the time to evaluate your partnerships, refine your strategy, and gear up for growth in 2025. With Cox Automotive forecasting a strong year ahead, staying ahead means offering F&I products of true value, leveraging high-mileage VSCs, and maximizing long-term wealth-building through a smart investment policy statement for your reinsurance program. In our latest Elevation Insights article, we break down actionable steps to help dealerships thrive, from customer retention tools to staggering investment growth opportunities. ?? ?? Read the full article and learn how to position your dealership for success: Let’s make 2025 your dealership’s best year yet! ?? #FandI #DealershipGrowth #WealthBuilding #Reinsurance #CustomerRetention #AutomotiveIndustry #ElevationInsights

We want to wish everyone a Happy Thanksgiving! We want to express our gratitude to our dealers, Partners and friends.

???? Honoring Our Heroes This Veterans Day ???? Today, we pause to recognize and express our deepest gratitude to all the brave men and women who have served and sacrificed for our country. Their commitment and courage protect the freedoms we hold dear and inspire us to strive for excellence every day. To all veterans and their families—thank you for your service, resilience, and dedication. At Elevation Dealer Services, we are grateful for your sacrifices and are proud to honor you today and always. #VeteransDay #ThankYouVeterans #Grateful

Here is our most recent addition and our first Newsletter of Q4. 2024 is flying by. We are focused on How you build high performance sales teams, making things relational rather than transactional and we want your feedback on what each of you do within your Stores? Elevation Dealer Services Tim Arthun Chad Staples Shawn Mikesh Athina Sweigard Luke Redini Billy Champion Alex Oregel Ryan Young Toby Elmer Scott Finfer Kambri Hall

I'm often asked about reinsurance and retro programs for finance departments, but that's not really my wheelhouse. But as is my firm belief, telling a customer "I don't know" is fully acceptable, as long as it's followed with a "don't worry, I can find out". I worked with Chad Staples over at Elevation Dealer Services to draft a blog article that does a better job of explaining how these programs work, and some of the benefits to the dealership (both financial and tax related). In summary: In today’s highly competitive Powersports industry, dealers are constantly searching for strategies to build long-term wealth while maintaining control over their profit centers. One often overlooked solution is reinsurance, a financial tool that allows dealers to retain more profits from F&I products such as Vehicle Service Contracts (VSCs), GAP, and tire and wheel protection. Unlike traditional methods that rely on overcharges or "packs," which are taxed as ordinary income, reinsurance creates an opportunity for compounded growth through reserves. By shifting to this model, dealers can significantly enhance their financial standing, especially when selling a high volume of VSCs and other F&I products. The wealth-building potential of reinsurance becomes even more compelling for multi-store dealerships. For instance, with just 50 VSCs per month, a dealer could accumulate nearly $300,000 annually in reserves. Over 10 years, with compounded investment returns, this amount could grow to nearly $500,000. For dealers with multiple locations, the financial impact multiplies, offering millions in reserves and long-term growth. By embracing reinsurance, Powersports dealers not only increase their wealth but also gain more control over their business strategy and profit centers. If you'd like to read the full post, click on through.... https://lnkd.in/eHSUNhad #Reinsurance #Finance #ExtendedServiceContracts #VSC #GAP #TireWheel #PrePaidMaintenance

Here are 3 ways the new FTC rule is harmful for consumers. Follow for more insights from nearly 20 years of experience in the auto industry.

Panel discussion on warranties and reinsurance with our very own Chad Staples at AlADA Conference & Expo in Scottsdale, AZ, at the beautiful Cavasson Hilton! It was great to see an incredible lineup of industry leaders! My sincere appreciation to: Bart Nollenberger - Leadership Coach Phil Beckner - Elite NBA Coach Collin Pedersen Pederson - SEO Marketing Michelle Jackson - VP Sales, Advantage GPS Bryan Dobson - GPWA Reinsurance Edvie Castro - COO, DOWC Jake Withnell, CPA, CFP? - JGP Wealth Advisors Joe Keadle - SVP, Kinetic Advantage Tom Kontos - Chief Economist, ADESA Gary Dirstine - Auto Credit Specialist & Many More! ?? ?? ??

A big thank you to Reginald James for making it out for AIADA Conference this weekend. Able to see #ArizonaState beat #MissState Elevation Dealer Services