Coronavirus Dealer Relief - TrueCar just cut our rates by half for April. Who's next?

[Dan Sayer]

I've seen several vendors offer more of their services and products for FREE vs giving a discount. Basically a Free Trial Period.

What's going to be more useful - Free Trial Period OR Cash Relief??

Cash flow will be an issue for most dealers.

 

[Dan Sayer]

Cars.com will have their offering out this evening or tomorrow.

 

[Marc Lavoie]

50% Off over one month! We're giving out 3 months here

 

[Dan Sayer]

Driverbase waives 100% of dealer listing fees indefinitely and doubles monthly advertising investment in response to COVID-19

Driverbase waives 100% of dealer listing fees indefinitely and doubles monthly advertising investment in response to COVID-19 – Driverbase

driverbase.com

@Dan Jackson, sorry but Driverbase, who wasn't even invoicing yet, or another vendor like Cars4Sale.com cancelling billing isn't going to help cash flow like a 50% cut from a major expense like Cargurus or TrueCar. Someday you'll be there, but don't say "if we can do it, they can" today.

 

[Jeff Kershner]

Here is CarFax's Dealer Relief...

 

[ChrisR]

Here is CarFax's Dealer Relief...

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I was hoping they'd offer used car listings for a little while. This is a pointless offering, really.

 

[Dan Sayer]

COX is reducing 50% for April and May. For us, that's a huge help considering we have Dealertrack DMS, vAuto, Homenet, Dealer.com, XTime, and Vinsolutions all times 6.

 

[ChrisR]

COX is reducing 50% for April and May. For us, that's a huge help considering we have Dealertrack DMS, vAuto, Homenet, Dealer.com, XTime, and Vinsolutions all times 6.

Just got this call, as well. Going to be huge, as we're a small store, and use a lot of their products.

 

[Alexander Lau]

 

[Dan Sayer]

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@Alexander Lau are you implying that we have to take that deal? Of the roughly 60 relationships we have with vendors currently, none are in-contract. I would also argue that by continuing to stay on with a vendor, we are agreeing to the original terms of the contract so it is a gift for them to halve their revenue. Your meme is in poor taste and timing. My opinion.