00:00
We're doing better as a result of social media presence.
00:08
It doesn't do those three things, then it's on the chopping block.
00:11
It's in return on investment discussion.
00:25
Hey everybody, welcome to another edition of the Daily Dealer Live.
00:29
I'm your host, C.M. Dark.
00:30
And back with us today, co-hosting is the Yuli, D. Martino.
00:37
Excited to have you back on the show.
00:39
After a huge Friday, our automotive AI CEO roundtable, guess what the biggest question
00:45
I had after Friday was, Yuli?
00:49
I got a ton of texts, DMs, whatever.
00:52
People are like, hey, you said it's a cage match.
00:57
I'm like, fair point, but guess what?
00:59
We won the viewing audience because we're able to learn so much from those CEOs.
01:04
Honestly, some of the most fascinating answers we got had to do with chat GPT.
01:08
Like, A, can you upload your financial statement into to a chat GPT?
01:13
By the way, to all of automotive, you can't do that.
01:15
Do not put your financial statement and or personal customer information, all that
01:23
They reiterate the danger of that.
01:26
But it was a heck of a lot of fun to talk all things AI tech with those CEOs and
01:31
really a different audience than we typically have.
01:33
And by the way, for anybody curious, we are going to continue to do that because
01:38
that type of content helps educate all of us.
01:40
We talk about this show being that dealer 20 group.
01:43
That's the purpose of this.
01:44
That's what we want.
01:45
And to you, our daily dealer live audience joining the live stream today, a reminder
01:49
we're live across all CDG social media platforms.
01:52
Just your comments, we'll bring them into today's show and what a show we have coming
01:58
And it's made better by your comments.
02:01
Coming up today, we're talking F and I, among other things, Marion Kane, CEO of ACE
02:07
joins with his perspectives, among other things on adapting new strategies into
02:12
the old art of F and I. Plus, David Kelly is someone I know.
02:17
He's a national trainer with a company called Brown and Brown.
02:19
And he came to me a year ago with an idea.
02:22
He's like, dude, finance managers can train using an AI trainer and I'm like, get out
02:32
I can't possibly be.
02:34
How does that work?
02:36
But but jokes on me because it did work.
02:39
And so we'll share that here coming up.
02:41
But first, let's dive into today's biggest headlines.
02:51
Today everybody, I just got to check something here.
02:54
I got something strange happening on my ear.
02:58
First up today, Toyota is facing a double recall headache.
03:02
More than 591,000 vehicles are headed back to the shop because of infotainment screens
03:08
that suddenly go dark.
03:10
That list includes some of their biggest sellers from 2023 to 2025, including RAV4s,
03:15
Camrys, Four Hunters, Highlanders, plus several Lexus models on top of that.
03:19
The company just froze sales of nearly 95,000 EVs, including the BZ4X, Lexus RZ, and Subaru
03:27
Saltera because of faulty defrosters.
03:31
Dealers can't sell them until repairs are done.
03:33
Yuli, I got a question.
03:34
What if you're in Florida?
03:37
I guess it doesn't matter, right?
03:42
Let us let us sell them 95,000.
03:47
That's not going to matter.
03:50
And timing couldn't be worse.
03:51
Toyota now faces the expensive task of fixing hundreds of thousands of vehicles while temporarily
03:56
losing EV sales revenue just as federal tax credits are set to expire at the end of
04:03
That's a fascinating implication for all those dealers looking to clear that out
04:05
before the federal tax dollars go away.
04:09
Next up today, lawmakers are taking another swing at cutting down catalytic converter
04:13
theft with the PART Act, a bill that would stamp every convertible, every converter, catalytic
04:19
converter with a traceable ID number and slap tough penalties on thieves and recyclers.
04:25
These parts have been prime targets for years because they're packed with rare metals
04:28
worth thousands per ounce.
04:31
For drivers, replacing one can cost nearly $2,300.
04:35
And that's the if the parts even in stock, thefts peaked in 22 at nearly 8,000 a
04:42
That dropped to just 14,000 cases last year.
04:45
But experts warn that's only what's reported.
04:48
Many more never make it into the data.
04:51
Supporters of the bill say this could finally give law enforcement a fighting chance since
04:54
right now there's no way to trace a stolen part back to a specific car.
05:00
It's a huge problem.
05:02
Isn't that interesting?
05:05
And then finally up today, first teased as a concept in 2023, Stellanus has officially
05:11
canceled plans for a full-size all-electric RAM pickup shocker after years of delays shifting
05:17
timelines and I would also say shifting political environments.
05:20
Instead, the company will pivot towards an extended range RAM that pairs a gas engine
05:25
with an electric generator, props to them.
05:28
That's what we want.
05:31
Seen as a more practical step for buyers worried about range.
05:34
Dealers had been pressuring Stellanus to slow down on pure EV bets and focus
05:38
on products that actually match demand and the cancellation will likely be welcomed by retailers
05:43
frustrated with Bev inventory concerns.
05:47
But it's not just RAM.
05:48
Dodge has delayed all its all-electric charger.
05:50
Daytona Trim and Chrysler's planned electric crossover has been put on indefinite hold.
05:56
Looking ahead, Stellanus is repositioning its lineup as multi-energy with more hybrids
06:02
and range extenders coming down the product pipeline.
06:08
That's a wrap on the news.
06:09
But before we say that, we have to acknowledge we did a recall update at the top of the block,
06:17
You know, we now have our M&A jingle.
06:19
We need some sort of a recall jingle.
06:25
So we've got our buy-sell jingle.
06:27
You got to hit that again because that makes my heart happy to hear it.
06:34
So now I want to be able to have my finger on that button.
06:41
That's what we need.
06:42
So well, Julie, as you know, we get a ton of requests to join this show.
06:47
This show is the voice of automotive.
06:49
And if you want to be part of that conversation, if you want to have a voice in this industry,
06:54
this is an incredible place.
06:56
In fact, I don't know.
06:57
I'm going to say this is the place to come to have that voice.
07:00
So if you, dealer, would love to join the show, please visit cdgguest.com, fill out the intake
07:07
You'll get the chance to meet Michelle.
07:09
She does all things scheduling.
07:11
She'll hear your opinion.
07:13
She'll hear your take, the issue you're interested in discussing.
07:17
And we'll get you scheduled to come on the show.
07:19
And your participation, as well as the comments that are coming in right now, help make
07:25
And as an example, Jason Petpetok says, let's go, boys.
07:28
Nate, the truck driver, he's back saying, hello, gentlemen, guess who's here for another
07:35
Is it worse than Ford's recall?
07:36
Are they competing for recalls?
07:37
By the way, Julie, you know the answer to this.
07:40
Who has more recalls out there?
07:46
And you can't, you can't scrap sell catalytic converters anymore without being a licensed
07:51
dealer or repair shop.
07:52
So Jason says, so my question is, if that's the case, why are people still selling
07:58
Because they are absolutely 100% still selling them.
08:01
And props to Chad Staples for joining.
08:03
He gave us a wave online.
08:06
I have a really good feeling that Tay's show is going to be an interesting conversation
08:11
on many things F&I related.
08:14
Lauren Klein says no one is beating Ford these days in recalls.
08:17
And by the way, she does know and she's correct.
08:22
But we're not going to pile on Ford for heaven's sakes.
08:25
Let's get into auto industry stuff.
08:27
We're going to head straight into it.
08:29
With our first guest, founder and CEO of ACE, it's a training company, Marion Kane joins
08:38
Thanks for joining the show.
08:39
It's such a privilege to be sandwiched next to two handsome gentlemen.
08:41
You guys are fantastic.
08:44
I'm this close to going to Turkey to get my hair back.
08:47
You guys inspire me.
08:51
It may not be worth it.
08:53
It's got to save you time in the morning.
08:55
Not to have to worry about it.
08:57
I'm always groomed and I love it.
09:00
It's a fantastic following you guys.
09:02
I always look at your stuff, Sam.
09:04
Yuli, every time I look at your feet, I get hungry.
09:07
I used to live over in New York in that area.
09:12
I would come on down and get the food down there.
09:15
It just brings me back, but it's great to be with you guys.
09:19
So let's dive into it, Marion, with the first question we always ask every guest
09:24
is how's Biz and then tell us a little bit about yourself alongside the answer.
09:30
Business is amazing.
09:31
It's all blessing from God and I'll just tell you, I'm just a person that has just come
09:35
through the business from the bottom up.
09:39
I started off, I worked at Price Waterhouse and then I ended up moving down south to
09:43
help my dad who was going through cancer treatments and I then got my first sniff
09:48
of the car business and the matter of three and a half years I went from walking
09:52
in the front door to handling having every position in the dealership from sales to finance
09:58
the finance director to GSM to GM, breaking records at every level.
10:04
And what I realized being down there and selling, I first started off going with
10:10
the scripts, but then I found out that the scripts, they were just turning you into
10:15
a clone instead of being a closer.
10:18
So I went back to my speaking days where I used to be a stadium speaker.
10:23
So I've spoken in 14 stadiums in front of crowds of 40,000 and there's a certain methodology
10:29
to when you're speaking on stage because at that point, you have to reach everyone
10:33
young, old, black, white, healthy, you know, just depending all different spectrums.
10:40
And so I realized that you use those same principles to go one on 10,000.
10:45
When you go one on one, it's a breeze.
10:51
So let's dive into it.
10:52
Part of what your company ACE does is you do consulting.
10:54
You work with car dealerships in the FNI world and whatnot.
10:58
Amazon is getting into automotive and they started with Hyundai.
11:03
They're now expanding into used and months ago they were on the industry spotlight.
11:09
They talked about, they admitted, look, we haven't fully figured out FNI yet.
11:13
They hadn't figured out how to get a good FNI adoption rate for VSC.
11:17
From your experience, Marion, as a successful producer yourself, but then also as a consultant,
11:25
someone who works with, you know, a lot of dealers nationwide, what is Amazon missing
11:31
about adoption rates for VSC and other FNI products?
11:35
And could they solve for that at some point?
11:38
Well, what's happening is that they're looking at a micro efficiency, but they're not seeing
11:44
the macro inefficiencies where you look at FNI and you think of it just in terms of someone
11:50
going in the back and pitching you products and things in that sense.
11:54
But what happens is that truly you're creating relationships.
11:59
It's a connection you're dealing with the individual where when you're talking
12:02
to them, you're finding about them and their pain points.
12:06
That's the reason why I feel it's so important to really first thing, teach the word empathy,
12:11
because empathy is feeling their pain in your heart.
12:15
It's not just a matter of just pushing products out, this and this and that.
12:20
You actually have to be able to relate it to that person, relate it to their life.
12:24
And then they're going to be the one that jumps out and says, that's me.
12:29
They're going to say that I need that, you know?
12:33
And then that creates an ongoing relationship.
12:35
So not saying that Amazon can't do it, it's just a matter of in terms of a profitability
12:41
standpoint, which I specialize in.
12:44
It's just so much easier to do it in person one-on-one.
12:47
So Amazon utilizes technology to help figure out what to offer a customer.
12:53
So then what you're saying is, is technology has no place in FNI?
12:57
Like we should not be looking to technology today?
13:01
I use technology to the fullest.
13:07
So talk to us about what are the most effective technologies today in the FNI department to
13:13
better deliver to the customer.
13:16
So what happens is when you have chat GBT, you have to use it and you have to take
13:19
it to the next level in order to personalize your approach.
13:23
So I always recommend my clients first go take a personality test.
13:28
I like the Myers-Briggs, you know, the ENTFJ and things like that.
13:32
Put that in to your chat GBT.
13:35
And what happens is they're going to spit back out to you a breakdown of how you sell.
13:41
What are your strengths?
13:42
What are your weaknesses?
13:44
What are your blind spots?
13:46
Then when you get the customer that comes across from you, when you're doing more
13:50
of your preparation phase, you want to plug it in.
13:54
This person, they're a heart surgeon.
13:55
They have three kids.
13:57
This is their third car.
13:58
They have more of an A-type personality.
14:00
They're very analytical.
14:02
How should I close them on all these different products?
14:05
What should I avoid?
14:08
What analogy should I use to bring me into their world?
14:11
Because like I told you, empathy is failing their pain in your heart.
14:15
So you need to go ahead and do that.
14:17
And then you can frame a more customized approach because you have 15 minutes to
14:23
gain rapport to create a relationship.
14:24
So you said something super interesting.
14:27
Tell us in all of our audience, you said, take the personality test and then plug
14:31
it into chat GPT and have it help train you and guide you.
14:35
How do you do that?
14:36
Give us the step by step because I don't understand how to connect the results of
14:40
I mean, you can go find the test online, but how do you plug that into chat GPT?
14:46
Oh, no, it's quite easy.
14:49
I'm so happy you did that.
14:51
Is you go through, you answer the, you answer, you go through the test.
14:54
The test is probably going to have about 40 to sometimes 60 questions depending on
14:59
how in depth you want it to be.
15:01
And then it will spit out, if you do Myers-Briggs, it will give you a four-letter
15:07
You put that four-letter code into chat GPT because the problem with chat
15:11
GPT right now is that it's framed, it's a business.
15:15
So it's not going to tell you you're wrong because it wants you to keep
15:21
So you have to train your chat GPT personally to give you honest feedback and
15:27
then to frame that feedback based on your personality, your norms, your
15:32
mores, and then you can see your blind spots as well as your strengths.
15:37
Cause that's even more important because I'll tell you a lot of times it
15:40
tells me, do not say this, do not do this, literally just copy and paste
15:47
your result into the GPT, like into a workflow and say, hey, correspond
15:54
Revolutionary, not just dealing with your customers, but also dealing with
15:59
I encourage my staff to set, to do your seating based on polarity.
16:04
I want people sitting next to you that are the opposite personality
16:09
So when they're hearing you close, they have a problem or
16:11
something like that.
16:12
They're sending you feedback because I'd rather hear from somebody that
16:15
has a different perspective than me, someone just like me.
16:19
You know, same thing with dealing with staff.
16:22
You know, you have this, there's certain ways to motivate individuals
16:26
and there's certain ways to demotivate individuals and it's very
16:29
nice to cross barriers all the way through.
16:32
I've even seen a lot of success with people using these strategies
16:35
dealing with the accounting department.
16:37
It's a completely different thought process.
16:40
Their goals, where goals are all the same, but how we get there
16:43
are two different, two different paths.
16:46
But when you can communicate effectively, it bridges those gaps.
16:51
So just back it up though, just a minute.
16:53
So I take the test, I put the test into chat GPT.
16:56
Now chat GPT knows my personality and how to best engage with the customer.
17:00
I'm a finance manager sitting in an office waiting for that customer to come in.
17:04
How do I connect the dot between my personality and the customer who will be sitting in
17:09
And do you have specific examples of that working as a strategy?
17:12
Oh, I can give you a fantastic example that one of my clients gave me the other
17:16
day and actually blew my mind.
17:18
So he had plugged in, he went out, you do your pre-interview because I really
17:23
believe that F&I is the interactive sport.
17:26
You need to be out there in the parking lot, opening the door for them.
17:29
It's all about creating that relationship.
17:31
And it's more, it's about positioning.
17:34
Positioning is the most important thing.
17:36
So it's a firm belief in not only how you carry yourself, how you dress, but
17:40
it can't be the first time they meet you and see you is when they walk in the
17:43
office and you got paperwork all over the place, right?
17:47
That's the age-old secret of finance.
17:52
So what happens is that you can talk to the person the first time and it's
17:56
very quick to figure out a person's personality type.
17:59
That's probably a whole other conversation.
18:00
We'll have it another time.
18:02
Well, wait, Marianne, but just wait right there.
18:05
Just one second because Lauren Klein is asking the exact question I had.
18:09
Lauren is saying, how are you identifying your customer's personality type?
18:12
Well, let's get into it.
18:13
And I'm curious about that too.
18:15
I got mine now, now we got that.
18:17
So, but you got to go back to the door in just a second.
18:20
But how am I going to identify my customer's personality?
18:23
So this is how you figure out someone's personality type.
18:26
You can look easily into their correspondence, but you can talk to
18:29
them in 10 seconds and you can figure out there's two different
18:32
polls on the X and Y axis.
18:35
Are they more analytical and logical in their thinking?
18:38
Or are they more intuitive and emotional in their thinking?
18:41
And then the top access, you figure out whether they're nurturing or
18:46
more passive in making their decisions or at the bottom, are they more
18:50
aggressive and action-oriented in making their decisions, right?
18:54
So you really can just look at an individual where usually sometimes
18:58
you can see their credit reports tell you a lot about an individual.
19:02
But just talking to them, you can see it with their vocation,
19:06
where they're at, okay, and how they went through this thought process.
19:09
If you see a whole lot of questions on the appointments and they showed
19:15
it with their spreadsheet and their binder, you know, they're analytical,
19:19
logical thinkers, you know?
19:21
If a person comes through and they have their gym clothes on,
19:27
they have tattoos and they're really like, hey, I don't want to hear
19:32
all this stuff about back and forth.
19:34
They're trying to dictate the terms.
19:36
You know they're more logical, aggressive, you know?
19:39
If the person comes through and they have like, you know, they're more
19:42
artistic and they're flowy and they want to talk about stories and their
19:45
emotions and the colors and how it feels, you know that they're more
19:49
passive and intuitive.
19:52
So now, I understand the customer's personality.
19:55
I understand mine because I took the test.
19:58
I put it into chat GPT.
19:59
Well, chat GPT always remember what my personality is and then they'll
20:02
frame, it'll frame the feedback to me if I put a scenario in.
20:08
I use the higher level one.
20:10
You have to make sure you use the highest level one.
20:12
Yeah, you have to ask it to remember.
20:17
So it's something that I'm using all the way through.
20:21
And you just keep referring back to it.
20:23
And then later on, I'll show you how to optimize those prompts.
20:27
I got a funny tie-in here real quick, Sam.
20:29
Just one sec because you're talking about four different, you know,
20:32
the X and Y axis here.
20:34
And it's bringing me back to the finance, my finance days.
20:36
And I think Sam's first question was this, how does Amazon solve
20:41
for this, you know, process without this person-to-person?
20:45
And my pitch was always, there's two types of people, right?
20:49
When your car starts making a noise or a light goes off,
20:52
there's two types of people.
20:53
Are you the type of person that turns the volume down?
20:56
Or are you the type of person that turns the volume up
20:58
and pretends like there's nothing going on?
21:01
Are you buying a warranty or not?
21:02
You want to text the car or you want to pretend
21:03
like you got no problem.
21:04
So just making me laugh.
21:07
So Dan C says online, encouraging to hear
21:09
Marion endorse matching up with people
21:12
who think differently than you.
21:13
And that's a unique characteristic in the world,
21:16
but super important in automotive sales
21:19
so that you can deliver your best self
21:21
to every single customer no matter what.
21:23
All right, before we go into video,
21:24
because I want to take you into some things you've
21:26
said on video F and I across social media and other places.
21:30
What are the most important one or two metrics
21:34
to gauge success in F and I today?
21:36
September 2025 for dealers.
21:38
And maybe one that right now most dealers aren't tracking.
21:43
What are the most important metrics?
21:45
The only thing that matters is PVR.
21:48
I'm sorry, it's like, it's how much money you're making.
21:51
Everything else is just fluff because that's
21:56
at the end of the day, everyone from,
21:59
that's the one thing that's synonymous from the top down.
22:02
Everyone wants to get paid and everyone
22:04
wants to see the margins increase.
22:07
And profit is not dirty.
22:09
It's not a dirty word.
22:11
It's the value, it's the reflection
22:13
of what you're giving into the audience,
22:16
into your customers because they're going to give it back.
22:19
You'll be shocked at the amount of customers
22:21
that we sell full platinum packages to.
22:24
They come back three years later
22:26
and it's the quickest deal because they say,
22:27
I want the same stuff I have before.
22:30
It happens all the time.
22:33
All of it has to really do with how you feel
22:37
and what you're given off.
22:39
Because people take cues from you on how to treat you.
22:44
And if people take cues from you
22:45
on how you feel about your product,
22:47
how you feel about your job.
22:49
One of the first things I'm doing
22:51
when I get called in to evaluate a dealership,
22:54
very first thing I do is I look at the receptionist
22:57
because a lot of times people don't realize
22:58
how much money is flowing out
23:01
because of a bad receptionist.
23:04
That sounds so crazy but it's really true.
23:07
The other thing is I go walk into the customer parking lot
23:11
and I want to see how many people
23:12
are actually driving the brand.
23:18
And you'll be shocked, you will be shocked
23:21
at the amount of times I walk in the parking lot
23:24
and I can't even tell what brand they're selling.
23:27
Because no one's driving it.
23:28
That's the major problem that we're having right now
23:30
with electric vehicles.
23:34
Everyone that has them, they can sell them.
23:37
But even down from the top down,
23:39
you go to the dealership, you go in the parking lot
23:41
and no one's driving one.
23:43
And they have a charger right there at work.
23:45
And they even wonder why you can't sell them.
23:49
So the clock is ticking right now.
23:51
Next two weeks, the EV rebates will be over
23:54
and we'll get to whatever norm is, whatever that means.
23:57
You have some advice for dealers today
24:00
that's relevant in the next two weeks
24:02
as it relates to EVs and maybe some things
24:04
most people don't know.
24:06
Tell us a little bit about that.
24:07
Well, it all comes back to my background.
24:10
I used to work at Price Waterhouse.
24:12
So I'm very deep into profit and loss statements
24:16
So I was digging really deeply
24:19
into the inflationary act when that shifted.
24:23
And when the major shifts during that time
24:26
was at the last minute,
24:28
they said that the EVs have to be what?
24:31
Made domestically, right?
24:34
In order to get the $7,500 tax credit.
24:38
What a lot of people didn't recognize
24:40
is they didn't shift and look over at section 45W
24:44
which did not take the EV credit away from foreign EVs.
24:50
Actually it expanded it to them.
24:52
So what's nice about that is folks that come through
24:56
and that have a business,
24:58
they can using section 45W,
25:01
they can take advantage of the EV credits
25:04
on a business level and they can do it multiple times.
25:08
And so it just depends on exactly how that business
25:12
is in a tax position.
25:15
If they're declaring losses,
25:16
of course you can't really do much to it.
25:18
If it's a little bit lower,
25:19
they have certain tax phase out levels.
25:22
But however, most businesses can definitely
25:25
benefit from this in order to reduce their reduction,
25:29
I mean reduce their tax burden.
25:31
And then on some vehicles,
25:32
you can actually even pair it with section 179, right?
25:37
With the 6,000 pound gross weight,
25:39
you can compare the both of them two together
25:41
and get even more reduction off of your tax bill.
25:45
And that's something that's gonna keep coming up
25:47
with all of our FNI folks
25:49
is that the job has really evolved.
25:52
Like it's way past doing the menu.
25:55
Truthfully by the time the menu's presented,
25:58
the product should already be sold.
26:00
Now the FNI manager has to create deals, make deals,
26:04
but be a trusted advisor.
26:05
We're not tax professionals,
26:07
but we give people things to think about.
26:10
We actually give them what you call a portable story.
26:13
And what people don't understand is
26:15
that's what creates raving fans and customers
26:19
because they have something to share with their friends.
26:21
Good or bad, they know someone that can do that.
26:24
Then also with the big beautiful bill, section 168,
26:29
the bonus depreciation has increased.
26:31
There used to be a phase out, right?
26:35
So these are all things that we can do
26:38
to drive more traffic into the dealership.
26:40
We can look at folks that are about to come out of lease
26:44
and let them know they can take advantage of 179
26:48
and buy the vehicle, right?
26:50
Because you can't, you have to own it.
26:52
You can buy it and then the FNI folks,
26:54
you can sell them warranties.
26:55
You can sell them all those different things
26:57
and they can take advantage of that depreciation right now.
27:00
So using those different strategies,
27:02
you can see how that can easily pick you up
27:04
an extra four or five deals
27:06
and also create some friends for life.
27:08
So before I ask you,
27:10
how does a great finance manager stay educated
27:14
on the changing dynamics that are within this industry?
27:18
So EVs and all the things.
27:20
Before we ask you that,
27:21
and we will ask you that in just a minute.
27:23
Obviously we're gonna let our audience know,
27:25
you gotta go research this, right?
27:26
We're not financial experts.
27:28
We're not like, Marion, you're an expert, right?
27:30
And you cited a bunch of stuff that could impact them.
27:33
I just wanna make sure everybody knows
27:34
they've got to under,
27:35
you have a personal responsibility as a finance manager
27:38
and I tell everybody this across our group
27:40
and across everywhere we have a voice.
27:43
A great finance manager reads their contracts
27:45
on an annual basis at least, if not more often
27:48
and is very up to date on all the current goings ons.
27:51
Cause to your point,
27:52
you have responsibility to protect the dealership,
27:56
to protect the business
27:57
and to advocate for the customer in the best way possible.
27:59
And the only way you can do that
28:01
is if you're up to date and you're well educated,
28:04
you can't be misinformed.
28:05
So Marion, what's your advice in today's world
28:07
as fast moving as things are,
28:10
whether it's rebates,
28:14
whether it's special incentives with lenders,
28:15
what's the best way to stay current
28:17
on everything that's going on?
28:18
Besides listening to the Daily Dealer Life.
28:20
Yes, number one way to stay current,
28:23
CDG podcast, CDG on all platforms,
28:28
have it on LinkedIn,
28:29
have it on Facebook,
28:31
have it on Instagram.
28:32
I'm not just saying that
28:33
because I'm on here with you two gentlemen.
28:37
This is sincere from my heart.
28:38
The information that comes out
28:40
and here's the thing that's,
28:42
I love the conversations
28:43
because even when I disagree,
28:46
I read the comments,
28:48
I listen, it just, it gets my brain going.
28:51
The other thing that you should do
28:52
that F and I folks don't do,
28:54
that I don't think that they do enough
28:56
is they need to go into the service department
28:58
and spend time in the lanes.
29:00
Like the best F and I person I've ever met
29:04
in the United States named Jason Merchant,
29:07
He is the best, hands down.
29:09
The metrics show it.
29:10
He came from service.
29:12
And when you have that service background,
29:14
that service thought process,
29:16
you're giving them real time things to think about,
29:20
real arrows, real scenarios.
29:22
You're not a harbinger of death.
29:24
You're just giving them the facts, right?
29:27
And then the facts they sell.
29:29
So those are the different ways
29:30
you can really stay on top of things
29:32
is that you have to consume the information,
29:36
but at the same time,
29:36
you have to stay at pulse
29:38
of what's actually happening in the lanes,
29:41
selling the product,
29:42
that using the product.
29:44
So I go back there.
29:45
I'm a finance manager.
29:46
I'm standing back in the lane.
29:51
I'm standing back in the lane.
29:52
I'm a finance manager.
29:53
I go back into service.
29:55
What am I gonna do back there?
29:58
Listen, help, yeah, observe.
30:00
A lot of times customers will come through
30:03
that you've sold things to
30:04
and you wanna make sure that the service department
30:08
knows how to easily and quickly
30:10
get the claims taken care of
30:12
because that's what the customers remember.
30:14
They remember not having to spend anything
30:17
and they remember speed, right?
30:24
So when you create that frictionless experience,
30:27
they're gonna come and buy from you every single time.
30:31
Okay, before we go on to video,
30:33
we've gotta do video,
30:34
but we are getting close on our time.
30:36
Is there one area in today's world,
30:38
September 2025 where you feel like
30:40
deals are leaving money on the table
30:42
as it relates to F&I?
30:43
And how do they fix that?
30:46
Man, they're leaving money on the table everywhere.
30:51
One of the situations is that
30:53
they have that old saying,
30:55
you have to sell 100% of the products,
30:57
100% of the time to 100% of the customers, right?
31:03
That's just the tip of the iceberg, right?
31:05
Because what the problem is is that
31:07
the F&I manager really doesn't have
31:09
anything to shoot for.
31:11
It's the same thing in sales.
31:12
People know what the level is for them to get written up,
31:16
and then they're about to lose their job, right?
31:18
But what they need to really know
31:20
is they need to know what's the store record.
31:23
What's the highest PVR they've ever done, right?
31:26
What's the highest gross you've ever done, right?
31:29
And that's the bottom floor.
31:31
Then so from that point,
31:33
you wanna make sure you wanna set levels higher than that.
31:36
So when you have that process,
31:38
if you know the store record is 45,
31:41
you're not gonna present a deal that's minimal of 45.
31:45
I don't care if it's cash, I don't care if it's a 10.
31:47
You wanna sit there,
31:48
you're gonna sell 100% of the products.
31:50
So really what it is, it's all a mindset.
31:53
It's really how you train yourself every single day.
31:57
Cause if you're running off of fear,
32:00
you're gonna meet that level, right?
32:02
But if you're, it's like the four minute mile.
32:05
That person that hit the highest level,
32:07
they bled just like you.
32:09
They had the same stuff.
32:11
They had the same circumstances as you did.
32:13
Why can't you do it?
32:15
So what you do is you set up a perfect day.
32:17
You turn that perfect day into a perfect week.
32:20
And then you mimic that perfect week four times,
32:24
boom, you got the record.
32:25
And I know this is very important.
32:26
Because my crew has sat there and they break,
32:29
that's how we measure it.
32:32
That's the one thing that cannot be taken away
32:34
that cannot be disputed is what's on the scoreboard.
32:38
Process is important.
32:39
Scoreboard is important.
32:41
Records, I love it because you've got to know
32:43
what you're chasing to chase it and to do really well.
32:47
Yup, you gotta have intentionality on it.
32:49
So it's interesting.
32:52
Let's shift to lending briefly.
32:54
And then I promise we're gonna go to video,
32:55
but we've got so much that I wanted to talk to you about.
32:58
I'm having a great time.
33:00
When you think about AI tools
33:04
and you think about technology in that lending world,
33:08
what's your advice to finance managers who say,
33:10
hey, you know what, I submitted it, it got declined,
33:14
How important is it for interaction
33:17
between finance and a lender?
33:19
And what does that look like in today's world
33:21
where so much of it is automated
33:23
and computer generated calls?
33:26
Well, relationships are everything, everything.
33:29
So what happens is that you have to,
33:31
as a finance manager and as a finance director,
33:34
you have to not only focus on profit,
33:36
focus on time, churn, charge backs, all that stuff,
33:40
but you need to focus on where all the deals are going.
33:43
And you need to focus on
33:45
if they're make sure they're spread out
33:46
amongst your lenders.
33:47
And you also have to pinpoint the ones that take care of you.
33:50
And you gotta make sure you take care of them
33:52
on those 50-50 deals, right?
33:55
So take for instance, the finance manager.
33:57
So what I really train folks to do is
33:59
you have to make sure that the number one thing
34:01
is you get an approval.
34:04
So you have to sit there, talk to the customer,
34:07
dissect the credit.
34:09
That's one thing that I feel that from top to bottom,
34:12
management, staff, sales, even on a personal level,
34:16
you need to understand and be able to break down credit.
34:18
It has to be able to make sense to you.
34:20
Utilization, time, time of the trade lines.
34:24
When did they start in the bureau?
34:26
How you can fix it?
34:27
Because that's how you create a customer for life.
34:29
How much is the interest rates on their old vehicles?
34:33
How much are they paying in mortgage?
34:34
What's their revolving?
34:36
You know all those things.
34:37
You follow the credit app,
34:39
you know everything about that person, right?
34:42
So in terms of your question,
34:44
dealing with the lenders, right?
34:45
You have to understand exactly what lenders good for what.
34:48
So you know Chase, they're an income-based bank.
34:52
So if you know they're an income-based bank,
34:53
you might have somebody has the big money
34:55
but has a low score, which is a lot of our doctors,
34:58
they're good with Chase, right?
35:00
You also have to know, okay,
35:01
they just been out of the BK.
35:03
You know L, Capital One is gonna deal with them a lot better.
35:07
You might have somebody that's right there on the fringe.
35:09
They just need a car.
35:10
So what you need to do is send it to Santander
35:15
because Santander has a whole portal
35:17
that once you get an approval,
35:19
they'll show you every car on your lot
35:21
that that person can get approved for
35:23
within their parameters.
35:25
Oh, at that point, you're not only helping a customer,
35:28
you might be able to show them a car
35:30
that they didn't even know they could afford
35:32
within their level.
35:35
You have a real customer for life.
35:38
And that's the key thing.
35:40
Most people go into a car deal
35:43
just thinking, how can I sell this person?
35:45
I train my folks to have the mindset
35:48
that how can we make this an opportunity?
35:50
How can we make this experience so amazing
35:53
that we are certain they buy their next car from us?
35:57
That's because we don't sell cars.
35:59
We sell dreams, especially the subprime.
36:07
So, Marion, video, walk us back to video.
36:09
You've had some advice for dealers.
36:11
Video is where it's at.
36:13
Most people don't use it enough.
36:15
How do you utilize video in FNI today
36:18
in ways that better help with adoption rate,
36:22
PVR, all the things that way?
36:24
Well, let's see, video is everything.
36:28
The reason why video is everything
36:29
is that you have to understand
36:30
that that's how things have changed in the past.
36:33
We're talking about Amazon.
36:35
We're talking about AI.
36:37
We're talking about the future.
36:38
You can even see this right now
36:40
in the way these venture capitalists
36:43
are spending their money.
36:44
They're spending the money on sports teams.
36:48
Why are they spending it on sports teams?
36:50
Billions of dollars, because that's live action.
36:54
That can't be duplicated.
36:58
And so there's the reason why
36:59
you have to look at advertising is everything.
37:02
In the past, advertising would just be a tax on the poor.
37:06
If you go into a poor neighborhood,
37:07
you'll see billboards everywhere.
37:09
If you sit there and you have all these ads
37:11
and stuff coming through your screen,
37:14
you know it's because you didn't pay for the next level.
37:16
If you go, I just came back from Paris.
37:18
It's a green space.
37:19
You don't see ads anywhere.
37:21
You go on the golf course.
37:22
You don't see any ads.
37:23
But with video, those same people
37:26
that were only accessible during the Super Bowl
37:28
and the Academy Award,
37:30
you have access to them every single day.
37:34
And what's crazy about it is I'm going to tell you,
37:36
you can't do it from the vanity metrics
37:39
because you don't know how many times I've had people
37:41
that say, I've watched every single one of your videos
37:43
and they've never left a comment.
37:45
They've never even given a like, right?
37:48
So they know you create some intimacy process.
37:51
So if you, you have to have YouTube,
37:54
which is your longer form content.
37:56
And once people consume the YouTube longer form comment,
38:00
that's when you get people in, in, in tune.
38:02
But then you also have, you have your clips on the IG
38:06
and the smaller platforms
38:08
because that right there drives the people
38:10
to your longer form content, right?
38:13
So it has to be a lot of relationships.
38:16
So it's, it's a short, it's the short back and forth.
38:19
It's called, there's actually a scientific term for it
38:23
because someone needs to see you at least seven times.
38:26
In order for you actually to have a relationship.
38:30
So that's what that daily IG creates that relationship.
38:34
And finance, what, what, what are finance managers
38:37
Oh, I mean, easily.
38:38
To become more knowledgeable.
38:39
To bring through, like if you help a customer,
38:42
customers are super, super happy to put a good review on
38:48
especially when you help them and you open up their ad.
38:51
So when you're sitting there going through their credit
38:54
and you sit there and you show them
38:55
how you can take these next steps to get a house,
38:58
how you can set up business credit.
39:02
Don't give you a video testimonial on that, right?
39:04
In that car, I've looked in your credit
39:06
and I noticed you have a 17% interest rate
39:10
Let's trade that one in too.
39:12
At that point, they'll give you a video testimonial
39:17
All right, Marianne.
39:18
Some great feedback from online.
39:20
Just a couple of things I want to bring up.
39:22
Dave Rodgers said very important
39:24
to tell chat GPT not to hallucinate or use opinions.
39:27
What does that mean?
39:29
Okay, well, that's one thing Yuli had brought out too
39:32
and these are the different dangers with chat GVT.
39:35
One post you didn't know that that is subpoenaed
39:39
It's just like Google, the different stuff
39:41
that you're putting in there.
39:42
This is not private.
39:43
People are using it as their therapist
39:47
and telling the deepest, darkest secrets.
39:48
You got to understand that that can be taken.
39:52
Also at the same time,
39:53
like you guys mentioned earlier,
39:54
it does not follow HIPAA and these different guidelines
39:57
and so you don't want to put anyone's personal information
40:00
inside of chat GVT.
40:02
You definitely do want to put in profit loss statements
40:05
and the things like that because those are the things
40:08
provide a, they compromise your whole company
40:11
and you don't want to do that.
40:13
But you can't get so much value in it.
40:15
Just giving, being broad because at the very least
40:18
it gives you something to shoot for.
40:20
So it gives you a target.
40:22
Yep, so be careful out there.
40:24
The other comment that came off a topic we had earlier,
40:26
just because you know if someone's personality
40:28
doesn't mean you know how to talk to them
40:30
or connect with them.
40:31
So what do you change to adapt to the customer?
40:33
How do you train the staff to do that?
40:36
And we probably only have 30 seconds for you to give that.
40:38
I know it's an unfair question.
40:39
That's a fantastic question because that's all
40:41
part of the training.
40:42
Because like I said, it's more important to ask
40:44
what shouldn't I say to this person, right?
40:48
Because if you know the person is a more energetic
40:51
person like me, you let them tell the stories.
40:54
You shut up, right?
40:56
If you know that you're trying to connect
40:58
with somebody that's more analytical,
40:59
you know that you need to give the steps.
41:02
You cannot step the step, right?
41:04
You know that if you're talking to somebody
41:06
that's more action oriented, that jock, right?
41:09
You're gonna understand they're going to be more
41:11
aggressive, but it's not, don't take it personally.
41:15
Just let them go, let them get through.
41:17
But then what you need to do is counteract it
41:19
with a story from the other side.
41:22
So you meet their emotional needs.
41:24
And at that point, you connect.
41:27
And when you connect, people can't take their eyes off you
41:30
and they'll never buy a car from anyone else.
41:33
And it's interesting because that's one area
41:34
where AI hasn't figured out,
41:35
where Amazon hasn't figured out,
41:37
where all those have not figured out how to do it.
41:40
Well, one thing I do want to say, Sam,
41:43
not to cut yourself off, like we're getting so caught up
41:45
in a lot of this AI stuff.
41:47
You need to understand too that there's just,
41:49
there's a place for everything, right?
41:51
And it's another tool,
41:53
but you don't want to have a race to the bottom
41:55
because if you have a race to the bottom,
41:57
here's the thing, you might actually win.
42:01
You know what I mean?
42:02
So you have to, right now the real change
42:05
in dealerships is creating a luxury atmosphere
42:09
with luxury touch points
42:11
and creating a customer experience
42:13
that is superb and second to none
42:15
that they tell everyone about.
42:17
That is the future.
42:18
Luxury, luxury dealership, luxury, anything is the level.
42:22
And on that, Marion Kane, founder and CEO of ACE,
42:26
thanks for being on the show today,
42:27
sharing the perspectives.
42:28
We really appreciate everything you shared today.
42:34
It's a fun conversation about all things FNI,
42:36
so I love learning new things.
42:38
And again, you know,
42:39
we had the CEO roundtable last time,
42:43
you know, technology is something everybody's fascinated by,
42:47
trying to figure out, how do I get the edge in that world?
42:49
And I think Marion had some great tips,
42:53
Lauren Klein says, exceed the expectation.
42:56
J420 AC case is very hard to teach
42:59
a new generation common sense.
43:02
So you'll have to decide if you agree with that.
43:05
Common sense, not common, right?
43:07
Let's talk Toma before we go to our last guest today.
43:11
Most voice AIs frustrate customers
43:14
and waste everyone's time.
43:16
Only Toma customizes AI agents to your dealership.
43:19
So calls actually get resolved.
43:21
That's why top dealer groups trust Toma
43:23
to automate their phones.
43:25
Visit www.toma.com, forward slash CDG to learn more
43:30
and or you can scan the QR code
43:33
and get additional information.
43:34
And by the way, Julie,
43:35
I just exposed my age by saying,
43:37
www.toma.com, forward slash CDG.
43:41
Thanks for supporting the content on today's show,
43:43
including the conversation with Marion
43:44
and the one coming up with David.
43:46
We appreciate your supporting the show.
43:51
Next up is someone I know,
43:54
no stranger to the Ziggler Auto Group.
43:57
So Midwest Region Training Director,
44:01
Brown and Brown Dealer Services,
44:02
David Kelly, with the Ziggler Auto Group.
44:05
Welcome to Brown and Brown Dealer Services.
44:07
Welcome to the show.
44:14
Welcome. Thanks guys.
44:15
And it's going to take a sec to get him unmuted,
44:17
to get him back live with us.
44:19
David, are you there?
44:22
The trickiest part honestly of being on the show
44:24
is remembering either.
44:27
I'll ask the first question
44:28
since I can hear you loud and clear, David.
44:31
We have our traditional question,
44:34
how is biz and while you answer that question,
44:37
gives a little background, you know,
44:38
who you are and what you're doing.
44:42
Business is phenomenal out here.
44:45
It's not ever quite what we wanted,
44:47
but we're green and growing.
44:49
People are excited.
44:49
They're really excited about the pent up demand
44:53
and how to help the customers really find the right vehicle
44:55
and have a fantastic ownership experience.
44:58
Now, what do you do in particular
45:01
with Brown and Brown to kind of give that edge?
45:04
My position is director of training and development
45:07
for the Midwest region.
45:08
I also do a lot of stuff with John Tavor
45:11
on the corporate side.
45:13
We've developed the internal training
45:14
for all of our brown and brown reps.
45:16
So we have a class that we do with that
45:19
plus anything that a dealer needs,
45:20
whether it's F and I, sales, service, BDC.
45:24
That's kind of what I do.
45:25
A lot of consulting works if a dealership
45:27
is struggling, coming in, trying to figure out
45:29
together collectively as a team,
45:31
how to really take them to the next level.
45:33
Now, unfortunately, oh, Sam's back.
45:35
So maybe, no, I'm still gonna take the question from him.
45:38
Sam and I had a conversation a little earlier
45:40
and he mentioned, I thought it was fascinating.
45:42
You guys do AI, F and I training, correct?
45:50
Sam, do you have a...
45:52
Yeah, you know what?
45:53
Let me set this up a little bit.
45:54
So David Kelly came to us.
45:55
David Kelly and I work,
45:57
we have an internal development group in our group
45:59
called a finance performance group.
46:01
And it's our way of training
46:03
and growing potential future F and I talent.
46:05
So we get folks from the sales ranks, from service,
46:09
from all different departments within the auto group
46:11
that are wanting to career path through F and I.
46:13
And David came to me about a year ago
46:15
and he's like, dude, AI technology's the point
46:18
where we could have an F and I AI trainer.
46:21
And it's not, David, you said,
46:24
hey, it doesn't replace an individual in the store
46:27
because there's still very much a spot for that.
46:29
But you're going to like this.
46:31
And he showed it to me and I was super skeptical.
46:33
I said, no, we'll pilot it, we'll try it within this group.
46:36
And now we've launched it more broadly across the group.
46:39
So I guess, David, what made you think of this
46:42
as a training tool?
46:43
And then how has it gone implementing this
46:47
into dealerships over the past year?
46:49
Great lead in Sam, great question.
46:51
It's kind of my background,
46:53
20 years with a corporate global company.
46:55
And then back in 2000,
46:56
actually getting into the automotive side.
46:58
I'm not sure what you guys experienced.
47:00
You know, I retired from one job on a Friday,
47:03
interviewed Saturday, I'm selling cars on a Monday.
47:06
And I'm sure everybody on the podcast
47:08
can test the same thing as what training did you receive?
47:12
I can tell you mine was 20 minutes.
47:14
And I thought that was just the first day.
47:16
So I went to the manager said,
47:17
hey, what's day two?
47:18
And he goes, that was it.
47:20
I said, so I'm selling the second largest thing
47:23
people will buy and I got 20 minutes of training.
47:27
So again, I watched them hire 20 people
47:29
and within two weeks, I was the only one left
47:33
I saw them replicate that every single month.
47:35
So that was really the format of my training background
47:37
with my prior company saying,
47:39
how do I help the auto industry today?
47:41
Really onboard their people,
47:43
really get them up to a high level
47:44
where they feel comfortable.
47:45
We don't have turnover as high as today.
47:50
So this technology will meet a finance manager
47:54
wherever they are and engage with them.
47:56
So it's voice, maybe describe what it is and how it works.
48:00
So I'm a new finance manager or a veteran
48:03
and I'm sitting in front of a computer.
48:06
So what you're going to do,
48:10
whether you've gone to an offsite workshop,
48:12
you've gone to something Marion's had,
48:13
you do some kind of an online on-demand training.
48:17
Once you've done that,
48:18
what do you traditionally do once you've done,
48:19
whatever the training is
48:20
or it's something you've had in-house?
48:22
Commonly we hope that we go, we can apply.
48:26
We know this knowledge is power.
48:28
What's more important than knowledge, application.
48:30
So this whole thing with AI that's coming out now
48:33
is an application pieces, exactly.
48:35
How do I take what I've learned,
48:36
whether whatever the platform is
48:38
and how do I truly apply it to what I just learned?
48:41
So what it does, it's a simulation.
48:44
We can actually build a persona
48:47
and that we can build many of those.
48:49
Then we build a scorecard
48:50
based on what we're trying to get the learner to actually learn.
48:53
And then they take a simulation that has it all set up.
48:56
I'll give you an example on FNI,
48:57
it could be a menu presentation.
48:58
So whatever the steps of the menu presentation are,
49:01
they take that, they actually, when they get done,
49:04
whether it's five, six, seven, eight, nine minutes,
49:07
the AI gives them immediate feedback.
49:09
They can actually see how they did.
49:11
It captures everything that was said
49:12
between the AI persona
49:14
and what you said as a FNI professional.
49:18
And then it over to the left,
49:19
depending on how we have the scorecard set up,
49:21
it gives you individual feedback
49:23
on each points of the FNI menu presentation.
49:26
So it takes into account all the AI,
49:28
it'll tell you exactly whether you had enough empathy,
49:30
not enough empathy, how would you do?
49:32
It gives you actually suggestions on how you did.
49:35
It's really more or less a coach,
49:37
24 seven coach in the box.
49:40
And how have finance managers engaged with it?
49:43
Because one of the first challenges I had
49:45
when I heard about this idea is I'm like,
49:47
look, I know I'm not talking to a real person.
49:50
Like I'm not, like it almost seemed initially
49:53
like a worse idea than role play, right?
49:55
Like it's like, you know,
49:57
you sit in front of another finance manager
49:59
and you try to role play back and forth.
50:01
You know, sometimes you take it seriously,
50:03
sometimes you don't.
50:04
It's not real world, not real, real life.
50:06
And I thought training with an FNI and AI FNI
50:11
training tool would just feel very impersonal.
50:14
What would you say to that?
50:17
Well, my 40 years of being on the training side,
50:19
I mean, we've had role play forever, right?
50:23
Would you say that's real world?
50:28
And you have to find a willing participant
50:30
for the role play, right?
50:31
Well, that's the other part.
50:32
And it's a great point, Sam.
50:34
As the person playing the customer,
50:36
I've seen two sides.
50:37
Either that person completely becomes
50:39
the really hard person or a really soft person,
50:42
which we still learn from you.
50:45
But is it truly learning?
50:46
Where I think the AI piece is really,
50:48
because of AI and all the technology today,
50:49
it's really more real world.
50:52
It's going to be more like a real customer than role play.
50:55
So it is pretty cool.
50:56
You have a conversation.
50:57
You go back and forth, and then it grades you.
50:59
And I've seen in our group, people
51:01
compete to get the best grade possible.
51:04
So that ends up being like a beacon or the scorecard
51:06
or the kind of lever for success.
51:09
And they'll engage with this tool over and over and over
51:12
and over again to get the absolute best possible score.
51:15
And the competition times the engagement
51:19
just really kind of perfects your ability
51:22
to deal with objections and feel comfortable delivering.
51:26
I did like Marion's point, not a word track,
51:28
but a way of speaking with the customer, David.
51:33
So we can set the scenario.
51:34
There's three different levels on our platform.
51:37
Would be maybe for a brand new person coming in.
51:39
We don't want to make somebody feel uncomfortable
51:42
Then there's the moderate,
51:43
which is probably going to be the 60% of customers
51:45
we're going to see inside an F and I box
51:47
or a sales customer or somebody in service or BDC.
51:50
And then we have that top 10%
51:52
that are going to be that tougher customer.
51:54
So as you saw through what we did with your group, Sam,
51:57
we started off with easy,
51:58
with our leadership performance group.
52:00
We graduated to the medium level
52:02
and they had to get a certain score in this.
52:06
And they actually had to pass the scenarios at 80%.
52:09
And once they got to 80, we went to the hard level.
52:11
So graduating from your group,
52:13
they actually had to get hard level 80% on a cash menu
52:16
and on a finance menu.
52:18
And everybody passes playing colors.
52:20
Which raised the level.
52:23
So then you go into the store.
52:25
Do you have quantifiable results for individuals,
52:28
not only in our group, but just kind of across.
52:30
Do you guys track that?
52:32
We have started to track that
52:33
and the track we've done,
52:34
we've seen a three to $400 increase immediately by using.
52:37
So think about that.
52:40
That's significant.
52:41
It is an onsite workshop.
52:43
You send somebody away for training
52:45
or you do something in-house.
52:47
You hope that they come back from training
52:49
They apply what they learned.
52:51
There's always been that training gap in between, right?
52:54
And we know that, how do we measure that?
52:56
It's either ROI and there's many levels of ROI.
52:58
Or does a customer have a better behavior?
53:01
Or does a salesperson or F and I first
53:03
have a better behavior and they stay longer?
53:04
So there's many ways to look at that.
53:06
What we loved about that is we can actually see
53:08
a leader inside that dealership,
53:10
a finance director or sales manager, GM owner
53:13
can actually get on the platform
53:14
and see how their people are applying the information.
53:17
So to Sam's point, we can gamify it
53:19
and we can set scorecards,
53:21
but we can actually say, what did you learn?
53:22
And then they want to keep using it
53:23
because it takes your skill level up.
53:25
So then David, it reasonably stands to reason
53:29
that then at some point we don't need people
53:32
either for training or for F and I.
53:36
Sam, that's, you know what I've done probably
53:38
500 demos over the last year and a half
53:40
and that question comes up quite often.
53:43
And here's how I answered.
53:44
I said, this only enhances training.
53:45
This does not replace training for people.
53:49
And it's all tied together too.
53:51
Cause I mean, Marion had mentioned it as well,
53:52
tying it into the service department.
53:54
And I think where so many of these things fall short
53:57
is without a fully integrated understanding
54:00
of these processes amongst every department, right?
54:03
Because I'm ashamed to admit it,
54:06
but I'll admit it right now on live TV.
54:08
I have as thorough as I think of myself to be,
54:12
I have had a customer come up to me that had an issue.
54:15
And I've embarrassingly said like,
54:17
hey, you know, you had coverage for that, right?
54:20
They weren't aware and the service department wasn't aware.
54:23
And there was just a breakdown, you know?
54:25
And it's happened, you know, in my 20 years.
54:27
So that's a big problem.
54:29
Unfortunately, it does happen.
54:31
So David, you've, how many years have you been
54:34
in this career in the industry?
54:39
So before I ask you kind of our closing question,
54:42
which I'd love to be,
54:43
what's the biggest change you've seen in F and I?
54:45
I just want to go back to something Marion said earlier.
54:47
So I was talking about Amazon
54:49
and how they haven't quite solved
54:50
for the product penetration yet.
54:53
You know, they don't know how to get
54:54
as high a VSC pen as a good, well-trained,
54:57
well-educated finance manager does.
54:59
What do you think the difference is
55:01
between totally online like an Amazon
55:03
and an in dealership experience
55:05
at that penetration and success rate?
55:08
My age is going to show, Sam,
55:09
I struggle with that because how do you replace people?
55:11
How does AI, to me this, like I said earlier,
55:14
this only enhances training.
55:15
This doesn't replace people.
55:17
This is to me, in my training classes,
55:19
whether it's sales, F and I or leadership,
55:21
this is a people business.
55:23
How does AI possibly, I mean, it could augment,
55:26
but how do we replace that?
55:27
So you look at companies like Zoom, right?
55:29
Carvana, I mean, Zoom's no longer with us.
55:32
But how do you really do that totally that way
55:35
without the people side of it?
55:36
And this is really, all this does
55:37
is enhancing exactly that.
55:39
The people's getting people better
55:41
at what they, what they're doing to take their skill level.
55:44
So in your career, your multi-year career,
55:47
what's the biggest change you've seen?
55:53
Yeah, what do you think F and I
55:56
will look like five years down the road?
55:58
What are the biggest changes coming?
56:00
I think you're going to see exactly this.
56:02
You're going to hire somebody in F and I.
56:04
You're going to train them.
56:05
You're going to, whether they send them away into a class
56:08
or have somebody come in or some online class,
56:10
you're going to go to what we've just talked about,
56:12
some form of an online AI platform.
56:16
They're going to have to take the AI
56:17
and pass it a certain level
56:19
before they get into the dealership
56:20
before they're proficient.
56:21
We're seeing that already now.
56:22
I mean, dealer clients that we have currently
56:24
that will actually do some with this platform,
56:26
we can actually do some pre-boarding.
56:28
So you're trying to find out who's the best applicant.
56:31
We can actually send them scenarios
56:32
to find out of our final applicants
56:34
who's doing the best and make a true hiring decision.
56:37
That helps us with the onboarding piece.
56:39
So we now know what do we have to put into that
56:41
to get them up to a level.
56:42
And then we've actually had dealers say,
56:44
we can't put you in the finance office
56:45
until you've actually passed the simulations
56:47
at a certain score level.
56:48
So you know, we're following our process.
56:51
It's great because it is an example
56:53
of a really important technology
56:55
that helps people deliver better.
56:58
And the people have got to understand it
57:00
that they're not competing with it,
57:02
that it's helping to enhance them and, you know,
57:05
props to you guys because I fought it for a year.
57:08
And I said, there's no way it could work.
57:11
The latency, it's not going to get it right.
57:14
And again, I'm fascinated by how well it ended up,
57:18
not only working, but at the end of the day,
57:20
it's the ROI on the tool.
57:22
I'm impressed by the net PVR lift
57:25
as a result of that training in the stores.
57:27
They've taken it seriously.
57:28
So David Kelly, training director Midwest Region.
57:30
Brown and Brown dealer services.
57:31
Thanks for being on the show, sharing your perspectives today.
57:34
Thank you for having us, David.
57:37
It is interesting to me.
57:39
You think about the CEO panel we did on Friday of last week.
57:41
You think about what we've heard here today.
57:44
It's interesting to me how quickly FNI,
57:46
or how quickly automotive changes, pivots and adapts,
57:49
technology, all the other things.
57:51
And yet, how much of what we do
57:54
is still similar in the same as it was years ago, right?
57:58
So much has changed and so much has not changed, fair?
58:01
Well, that last kind of pivot is that personal touch.
58:05
I mean, you need that salesperson.
58:06
You need that finance manager.
58:08
You need that connection that we're talking about,
58:11
which I'm not saying there's not a solution for in the future,
58:15
but no one has figured it out yet.
58:17
So we're still very, very important.
58:20
Great comments online, Lauren Klein.
58:22
The technology changes in just the last few years
58:26
And she's absolutely right.
58:27
It has rapidly evolved.
58:29
Dan, he says thanks again for another solid show.
58:31
Lauren Klein exceed the expectation.
58:34
And then we also have another commenter.
58:36
It's a training consulting company
58:38
who appreciate Marion for being on and being here with us today.
58:42
Well, it's a wrap, but what a great show on this Monday.
58:45
We'll be back here Wednesday.
58:47
And to our daily dealer live listening audience,
58:49
thanks for watching this daily dealer live,
58:51
where we break down the biggest moves in the car business
58:54
as they happen, including all things tech, AI, and F&I,
59:00
Don't forget we're here live every Monday, Wednesday,
59:03
So if this is your world, hit like, hit subscribe,
59:07
turn on those notifications so you never ever miss a beat.
59:10
And we'll see you next episode.