Cardone Creates Virtual Module to Support Automobile Dealerships with Inventory Shortages

Sept. 2, 2011 - PRLog -- Los Angeles, CA – Cardone Training Technologies Inc., (CTTI) today announced a series on online training tools specifically designed to address the inventory issues at retail car dealerships affected with supply shortages.

The ripple effects of the devastating earthquake and tsunami that have crippled car dealerships with Japanese brands is still continuing to haunt these companies as evidenced by the sales slide at Honda and Toyota despite the year-on-years gain made by every other major manufacturer during the month of August.  In spite of statements by the manufacturers that production is ramping up, there have been numerous reports that the collateral damage to these companies will continue throughout the remainder of the calendar year.

“Lexus has said it will yield its 11-year title as best-selling luxury brand in the United States in 2011 as it battles inventory shortages stemming from the March earthquake in Japan.”     - Automotive News

“Honda’s sales report was – well, ugly.  Sales slipped 27.2% and with on-the-ground inventory clearly not optimal the final stretch of 2011 looks hazy.”     - Autoobserver.com

“The industry's gain was held back by Toyota Motor Corp. and Honda Motor Co., which suffered declines of 13% and 24%, respectively, as continuing shortages of cars and trucks damped their sales,” said Sharon Terlep, Reporter, Wall Street Journal.  “Japan's March earthquake disrupted the supply of Japanese-brand vehicles and the sales pace fell below 12 million vehicles.”

“My team has been on the frontlines of the inventory shortage at a grassroots level, talking to dealers, their General Managers, and Sales Consultants. We’ve moved quickly to develop the tools needed to get sales back up,” said Grant Cardone, Automotive Sales Training Expert & CEO, CTTI.  “In fact, these training modules will not only help to reverse the slide but will bring them back on top again.”

This program was researched and developed at break neck speed to address the needs of not only the Japanese OEM stores, but across a wide spectrum, for any automobile dealer facing inventory problems. The most recent event to magnify the inventory crisis; Hurricane Irene, which has further disrupted the flow of inventory at dealerships along the Atlantic Seaboard.  

“Our research has been incorporated into a cloud based online platform (SaaS) that allows us to quickly snap into action to bring instant support to dealerships in need. In most cases we’re getting stores online and engaged within 24 hours, and seeing dramatic turnarounds in as little as 7 days,” said Justin LeVrier, Executive Director, CTTI.  “The proof is in the results that continue to be reported back to us.”

For more information about this program or any of the other tools developed and incorporated into Cardone On Demand: Automotive Sales Training please contact Jarrod Glandt (jarrod@grantcardone.com) or David Bradley (david@grantcardone.com).

Media inquiries:                                    
Fred Tanaka – CTTI                                                                                                                    
310-777-0255
fred@grantcardone.com

Cardone Training Technologies Inc. (CTTI)
Founded in 1998, Cardone Training Technologies, Inc. is a full service Automotive Sales and Management Training company that believes success is your duty, obligation and responsibility. Automobile Dealerships and individuals from around the world have used Cardone Automotive Sales Training to increase sales effectiveness, solve problems, develop business, close deals, stay motivated, gain fresh ideas and build confidence.  

CTTI has achieved rapid growth in the last decade and is a multimillion-dollar company with offices in Los Angeles, Orlando and Tucson.  Its signature cloud based online training services, Cardone On Demand: Automotive Sales Training and Cardone University feature International Sales Expert Grant Cardone. Each includes a wide array of innovative features that have made them the leaders in their respective verticals.  For more information, visit http://www.salestrainingvt.com/ or http://www.cardoneuniversity.com