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March 28, 2009

It Takes A Village

All — broffey @ 3:03 pm

In Conover, It Takes a Village To Succeed

Written by Gina Lindsey (O-N-E Staff Reporter)   

Thursday, 05 March 2009

One area used car dealership has found its niche during the economic slump. “We’re seeing a big increase in business,” said Bruce Roffey, co-manager of Village Motors. February was the best month of car sales in three years for the Conover dealership.

Image“We had a fabulous month,” he said. Roffey said the dealership typically averages about 40 cars sold per month. In February, it sold 63 cars.

While many other car dealerships are struggling to sell vehicles during this time of economic uncertainty, Roffey said Village Motors has become an exception. He said it’s thanks to a solid reputation in the community for selling cars they are willing to stand behind as quality vehicles.

Ultimately, he said finding success in the current market boils down to good customer service, which is all the more important during a recession. Roffey said he and co-manager Eddie Dwiggins strive to make themselves as accessible to the customers as possible.

“Right now, you have to be on top of your game,” he said. “There is no room for error.” And that means focusing efforts into marketing. Roffey said the business is taking advantage of all the marketing opportunities of the Internet, including sites like Facebook, MySpace and YouTube.

He spent part of Thursday afternoon working on posting a short video clip on the company’s Web site of a recent customer from Charlotte who bought a car from Village Motors. He said they post videos of all the customers who buy cars there and post them on YouTube as well. It’s just one way the business is trying to set itself apart from the competitors.

“You have to stay on the cutting edge,” he said. The Internet is a key marketing tool as the majority of car shopping has shifted online in the past few years, Roffey said.  The market for used cars is also strong right now, he said.

“More people are buying used cars because they are thinking about where their money is going,” Roffey said. He said new cars lose much of their value when they are driven off the lot, but used cars maintain a more steady value. Granted, that’s not to say the dealership has been unaffected by the economic downturn. Roffey said the dealership was on track for a new sales goal of 70 cars sold per month.

“Then everything changed with the economy,” he said. Now he’s satisfied with car sales in the 50 to 60 per month range. And they have had to work harder to keep sales up and get creative. Roffey said banking and financing has always been hard for the small independent dealer.

“We’re just fortunate we’ve built strong relationships,” he said, referring to financial institutions with which the business works.

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It Takes a Village

All — broffey @ 7:44 am

March 25, 2009

Blog Entry dated 3/25/2009 2:11 PM

All — broffey @ 11:16 am

Preaching to the Choir 

The Inevitable Rise of the Used Car Economy

I’ve been in the car business for 18 years now, and there is one thing that has always seemed abundantly clear to me. Buying new cars is for folks with excess money. As I interact with customers, clients, vendors, and other dealers, it is very clear that there are less and less people with excess money. Most folks I talk to have more month than they have money.

Once we start to really pay attention to where our money is going, which is inevitable as our purse strings tighten, our priorities shift. When things are just a little tighter, the actual cost of that couple of months of new car smell may cross your mind. When our cup is overflowing, what difference does two or  three thousand dollars make? Usually it’s  ‘only’ a few dollars extra a month. But, now that our priorities are shifting back to what’s really important, friends, family, work, church, etc. , being able to brag on that ‘Brand New’ car sounds sort of vein and out of focus.

Right now, while it is important to watch every dime, our focus is on getting the kids to school, getting to work, dependable, safe, economic transportation.  I read recently that one of the positive outcomes of harder times is that the people as a whole tend to really focus on the things that matter the most. So, like we’ve been saying for decades, the used car industry is thriving in a fairly severe economic downturn. The reason, as I see it from here, is the value proposition. It just makes good economic sense to let some other person endure that initial loss we call depreciation.  

Used cars in NC have always been the best value in the automotive marketplace.  Not only are cars for sale in NC built to last much longer these days, but the cost of ownership is less as well.  Many vehicles don’t even require a tune-up until 100,000 miles.  A used car in MA provides the public the opportunity to own more car, better equipped, than the stripped down base model new car.  So now is a great time to look into the used car market, there are some really good economics working in your favor. I’ve been arguing these points for a long time, but like they say in Washington, we are being forced to look at and evaluate where our money is actually going.

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Telephone: 828-464-0626
Email: bruce@villagemotors.com


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