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March 04.2025
2 Minutes Read

Octane’s $150M Whole Loan Deal with Nuveen: What It Means for Dealerships

Motorcycles lined up on wet pavement after rain.

Octane’s Milestone: A $150 Million Whole Loan Deal

In a significant move, Octane Lending has announced a notable $150 million whole loan deal with Nuveen, the investment management arm of TIAA, marking Octane’s inaugural transaction with an insurer. This strategic deal not only broadens Octane’s capital base but also sets a precedent for future collaborations within the financial services sector. The announcement, made on March 4, 2025, is a pivotal moment for Octane, which aims to diversify its funding sources and further its commitment to providing innovative financing solutions in the powersports industry.

Why This Deal Matters to Powersports Dealerships

As the automotive and powersports markets evolve, financing options become increasingly vital for dealerships. This whole loan sale presents a fresh influx of capital that could enhance loan offerings to dealerships, allowing them to thrive in a competitive landscape. With increasing demand for powersport vehicles, dealerships can leverage this capital to attract more customers and provide flexible financing solutions. As Octane’s President and CFO, Steven Smith, has indicated, this initiative aligns with the company’s strategy to bring more capital providers onboard, specifically targeting the needs of dealerships in the powersports sector.

The Broader Trend in Automotive Financing

The deal between Octane and Nuveen is indicative of a broader trend towards collaboration between finance companies and traditional insurers. In recent years, as the automotive industry faces challenges due to fluctuations in consumer demand and regulatory changes, the importance of innovative financing solutions has surged. Dealers are increasingly seeking partnerships that provide flexible and diverse financing options to adapt to market demands. This trend not only helps dealerships manage their inventory but also ensures that they can offer competitive rates to customers in an ever-changing market.

A Future Vision for Octane and the Industry

Looking ahead, the implications of this partnership could be profound for the landscape of automotive financing. If Octane can successfully leverage this new capital, it may considerably enhance the competitive edge of dealerships that utilize their financing solutions. Additionally, with the emphasis on technology in the automotive industry, Octane might explore innovative ways to integrate artificial intelligence in their financing processes, leading to better consumer experiences and streamlined operations for dealerships.

Take the Next Step in Empowering Your Dealership

For dealership principals and managers, understanding the implications of Octane’s deal is crucial not only for immediate operational strategies but also for long-term planning. With financing being such a core aspect of car sales, incorporating insights from this deal into your strategy could lead to substantial benefits. Engage with your finance team and explore how you can better utilize these emerging financing solutions to meet consumer needs effectively.

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02.17.2026

Why Auto Sales Recruiters Are Essential for Building High-Performing Car Dealership Sales Teams

Larry Feldman Reveals Why Specialized Auto Sales Recruiters Outperform General Recruiters "The people who are in this business love it. But from the outside, there’s negative perception which makes attracting talent harder. That’s why understanding this dynamic is crucial for recruiting success." – Larry Feldman, Career Changers USA In the fiercely competitive environment of auto dealerships, securing the right sales talent isn’t just about filling open seats – it’s about building the kind of team that actively drives the dealership’s growth and reputation. According to Larry Feldman of Career Changers USA, what truly sets a dealership apart is its ability to attract, identify, and retain passionate individuals who will thrive despite the negative connotations sometimes associated with automotive sales. Auto sales recruiting is fundamentally different from general recruitment. While a generic recruiter might gloss over the unique pressures and joys of working in the dealership world, an auto sales recruiter navigates the nuanced landscape of candidate perceptions, dealer needs, and industry-specific challenges. As Feldman emphasizes, many outsiders underestimate both the intensity and the rewards of an automotive sales career – which is why you need a recruiter who not only understands these dynamics, but can channel them into successful, high-performing teams. How Passion and Realism Shape Effective Auto Sales Recruiting "You want a recruiter with a proven track record, passion, and the ability to think long term—but who’s also realistic and willing to let people grow." – Larry Feldman At the heart of transformative recruiting is a commitment to both passion and realism. As Larry Feldman underscores, selecting an auto sales recruiter begins with evaluating their track record—not just how long they have been recruiting, but their reputation and tangible results in the market. You want a partner whose experience is specifically within the automotive vertical, who “gets” the culture, and who demonstrates both unshakeable enthusiasm and a grounded approach to talent discovery. Feldman’s philosophy is clear: a great recruiter balances genuine excitement for the business with the discernment needed to distinguish between fleeting interest and long-term potential. They think beyond just immediate placement—seeking candidates they can nurture, cultivate, and help grow over time. According to Feldman, “sometimes the best future sales stars are those whose passion hasn’t been unveiled yet, but with the right guidance, will become indispensable assets to your dealership. ” Attitude and Work Ethic: The True Hallmarks of Future Sales Stars "Not everyone starts with sales experience stamped on their head. Attitude and work ethic are everything — you can teach skills later." – Larry Feldman If there’s one takeaway every dealer owner and general manager should heed, it’s this: skills can be taught, but innate attitude and work ethic cannot. Larry Feldman asserts that many successful hires in the automotive space started with modest or even unrelated backgrounds. The key commonality among top performers is their drive and integrity, not simply their prior sales numbers. An experienced auto sales recruiter brings an “X-ray vision” for raw potential – looking far deeper than just the resume. According to Feldman, “Hiring managers often fall into the trap of overvaluing check-the-box experience and undervaluing a growth mindset. ” With the right recruiter, dealerships can unearth candidates who might otherwise be overlooked, setting the stage for a resilient, adaptive, and loyal sales force. Boosting Dealership Productivity by Outsourcing Recruitment to Auto Sales Recruiters Why Using a Specialist Recruiter Frees Up Your Management Team "If your sales or finance manager is handling recruiting, they’re distracted from their main jobs. Recruiting is a full-time role and deserves dedicated focus." – Larry Feldman Running a dealership demands focus, agility, and relentless energy—resources that are quickly depleted when management’s attention is divided by recruitment tasks. As Larry Feldman points out, when sales or finance managers are pulled away to vet resumes, conduct phone screens, or onboard new hires, they are not maximizing their core contributions to the bottom line. Recruitment, done well, is not an afterthought—it’s a dedicated, specialized endeavor that deserves full-time attention. Delegating this responsibility to a professional auto sales recruiter is not a luxury; it’s a strategic move with measurable ROI. Feldman highlights that specialized recruiters not only bring efficiency but elevate the overall quality of hires. The result? Greater productivity, less burnout among your management team, and the assurance that every candidate has passed through a rigorous, automotive-specific vetting process, freeing up pros to do what they do best: lead, strategize, and sell. Top 3 Benefits of Hiring an Auto Sales Recruiter: 1. Higher candidate quality and retention 2. Faster time-to-hire with minimal business disruption 3. Reduction in costly hiring mistakes and turnover How Specialized Recruiters Improve Candidate Quality: Deep industry knowledge enables more precise cultural and performance fit, increasing team synergy. The Hidden Cost Savings From Delegation: Offloading recruitment lets managers focus on revenue-driving activities, indirectly boosting dealership profitability. Common Misconceptions About Auto Sales Recruiting Debunked Separating Industry Passion from Public Perception According to Feldman, one of the most stubborn barriers to recruitment in the dealership world is the disconnect between industry insiders' genuine passion and the public’s lingering skepticism about car sales careers. While those immersed in the field “love it,” the stereotype of high-pressure or less-than-scrupulous sales tactics persists among potential recruits. This image problem doesn’t just make cold recruiting harder; it actively filters out talent before a conversation can even begin. A seasoned auto sales recruiter navigates this minefield by reframing the narrative—showcasing the rewards, opportunities, and camaraderie that define high-performing sales environments while being honest about the realities. As Feldman explains, attracting the right candidates involves cutting through dated preconceptions and demonstrating why automotive sales can be not only lucrative but genuinely fulfilling for those who thrive in a fast-paced, people-first culture. Why Experience Isn’t Everything in Sales Team Building Dealership owners and HR leaders are often tempted by flashy resumes and long histories in sales—but, as Feldman argues, “Not everyone starts with sales experience stamped on their head. ” The expert perspective is that attitude, coachability, and authenticity have far more predictive value for sales success than prior job titles alone. This mindset shift is essential for building genuinely high-performing teams. Feldman stresses that by prioritizing a candidate’s willingness to work, learn, and connect with customers, dealerships can cultivate future superstars—many of whom might otherwise be missed by a conventional in-house recruitment approach. The lesson: Potential beats pedigree, every time. Building a Winning Sales Culture Starts With the Right Hiring Partner How Career Changers USA Aligns Recruiters With Dealership Goals Identify dealership hiring needs clearly: Feldman’s team works hand-in-hand with leadership to define not just the open role, but the type of culture, performance, and customer experience the dealership is aiming to achieve. Leverage recruiters who understand automotive culture: According to Feldman, “Every dealership is unique. Our recruiters are former GMs and sales directors—they understand the stakes and the personalities that drive dealership success.” Invest in motivational training for new hires: Beyond recruitment, Career Changers USA offers on-site motivational training, helping dealerships onboard with intent and forge a unified, driven sales culture from day one. Summary: Why Auto Sales Recruiters Are Indispensable Partners for Dealership Growth Larry Feldman’s Final Take on Elevating Sales Teams Through Specialized Recruitment "An expert auto sales recruiter doesn’t just fill seats. They build high-performing teams that drive your dealership’s success and free your managers to excel in their roles." – Larry Feldman According to Larry Feldman, the difference between average and outstanding dealerships is rooted in who you bring on board and how you bring them in. Specialized auto sales recruiters bring a level of knowledge, intuition, and passion that can’t be replicated by generalists or hiring managers moonlighting in recruitment. Their impact is profound: improved productivity, higher retention, a positive shift in culture, and empowered leadership teams able to focus on strategy, not staffing. Dealership leaders looking to break through stagnation, boost profitability, and achieve sustainable growth need to view their recruiting partner not as an expense, but as an equity-building investment in their business’s future. Next Step: Connect With Career Changers USA to Transform Your Dealership’s Hiring Ready to build the kind of sales team that not only meets—but crushes—your dealership’s goals? Take Larry Feldman’s advice and partner with a recruiting specialist who lives and breathes the auto industry. Contact Career Changers USA today for a personalized recruiting assessment, and start turning your dealership into the place where top talent wants to build their career. For more information, visit: https://www. careerchangersusa. com/ or call (215) 407-5174.

02.16.2026

Best Practices for Motivational Training to Boost Dealership Employee Performance

Larry Feldman’s Expert Insights on Motivational Training Dealership Success Motivational training is often viewed as a one-off event, an annual box to check during slow months. But in reality—the dealerships that consistently outperform competitors do something radically different. They put motivational training at the center of their talent and team culture strategies, leveraging it not as a stunt but as a transformative, ongoing process. For those ready to energize their workforce and drive sustainable results, motivational training dealership best practices have never mattered more. Let’s dive deep with industry expert Larry Feldman, CEO of Career Changers USA—the nation’s only automotive search and training firm built by former dealer owners, general managers, and sales top-performers. Drawing from a lifetime transforming dealership cultures, Feldman’s unique playbook delivers the “aha moments” dealership leaders need to navigate today’s challenges and future-proof performance. "Motivation, like all training, needs to be constant. It needs to be nurturing, and it needs to gear towards the individuals." — Larry Feldman Why Motivational Training Isn’t a One-Time Fix According to Larry Feldman, the greatest misconception among dealership leaders is treating motivational training as a singular event—a belief that one energetic seminar or team huddle will suddenly spark change for the long haul. But Feldman, who has spent decades cultivating high-performing teams in the automotive sector, repeatedly emphasizes that "motivation, like all training, needs to be constant. " The reality he sees: true motivation is a habit, not a headline. The best motivational training dealership strategies are woven into daily routines, quarterly goals, and long-term visions, creating a rhythm where employees feel valued and invigorated year-round. He points out that personalization is key. Generic approaches lack staying power; what resonates with a veteran finance manager may fall flat for a new service advisor. Leaders who tailor ongoing training to unique individual drives—career ambitions, learning styles, and what genuinely excites each person—see exponential performance gains. Feldman’s philosophy is rooted in real human connection: “people need to feel part of something,” he explains, especially in today’s pressured and sometimes negative work climate. This realization shifts the conversation from “Did you finish the training?” to “How are we keeping everyone growing, together, today?” That’s transformational thinking. Continuous motivation fuels sustained employee engagement. Personalized approaches resonate more deeply than generic sessions. Consistent effort correlates with improved retention and performance. "If you put the effort in, to consistently train and motivate your people, you're gonna get a tremendous result, not to mention much better retention." — Larry Feldman Proven Motivational Training Tactics That Boost Dealership Employee Performance Leveraging Cross-Department Contests to Unite and Motivate Teams Feldman’s experience spans dozens of high-performing dealership environments, where he’s seen one best practice move the needle above all: creative, cross-department contests. Instead of pitting sales against sales or service against parts, he recommends assembling teams with members from every department—sales, service, parts, body shop, and administration. Suddenly, staff who rarely interact must collaborate, share wins, and solve real business challenges collectively. The outcome? “People pulled together who didn’t usually interact, and everyone performed better with lasting effects,” Feldman recounts from his own initiatives. This approach goes beyond simple teamwork. It builds camaraderie that shatters traditional dealership silos, accelerates trust, and embeds a culture of mutual support. Feldman’s contests often included recognition, friendly competition, and clearly defined goals tied to real dealership metrics. But the greatest transformation came from people realizing each person’s role is critical to the dealership’s success—and from new relationships that outlasted the contest itself. According to Feldman, the “win” isn’t just higher sales or improved CSI scores, but a stronger, more resilient dealership community. "We did a contest with teams that included salespeople, service, parts, body shop, and office staff. People pulled together who didn't usually interact, and everyone performed better with lasting effects." — Larry Feldman Creates camaraderie beyond departmental silos. Fosters a shared sense of purpose across teams. Drives measurable performance improvement and morale. Addressing Today’s Negative Social Environment with Positive Dealership Culture The external environment has changed. As Feldman points out, “we live in a very negative society bombarded by negativity from social media and elsewhere. ” Dealerships are not immune—employees walk onto the sales floor already carrying the day’s headlines and personal worries. Feldman challenges leaders to counteract this toxic tide by cultivating an internal culture of positivity. He recommends infusing every team huddle, meeting, and challenge with genuine excitement, explicit appreciation, and opportunities for every employee to contribute meaningfully. The expert’s perspective is that a dealership’s internal atmosphere should act as a shield and a recharge station against external negativity. Fostering a strong sense of belonging and shared mission not only elevates morale, but directly influences customer interactions and long-term retention. Feldman’s real-world examples show that when employees feel excited and motivated—and, crucially, like they’re making a difference—loyalty and performance both soar. "We live in a very negative society bombarded by negativity from social media and elsewhere. It’s crucial to keep people excited, motivated, and feeling part of something meaningful." — Larry Feldman Key Takeaways for Dealership Leaders to Amplify Employee Motivation Commit to ongoing, personalized motivational training. Break down departmental barriers with collaborative initiatives. Cultivate a positive workplace to counter external negativity. Recognize motivation as a core driver for retention and success. Top Motivational Training Best Practices Checklist Schedule regular, tailored motivational sessions. Implement interdepartmental team challenges. Provide continual recognition and support. Encourage open communication and feedback. Closing Thoughts: Unlocking Your Dealership’s Potential Through Motivational Training Larry Feldman and Career Changers USA emphasize that sustained motivational training is not just a single event but a continuous, personalized journey that directly enhances dealership employee performance, morale, and retention. By integrating cross-functional team activities and cultivating a positive workplace culture, dealership leaders can navigate today’s challenging social climate and accelerate business success. The true differentiator isn’t technique—it’s the commitment to develop every employee, every day, with intention and heart. For automotive dealer owners and managers aiming to elevate their teams, embracing these motivational training strategies is an essential step toward unlocking lasting performance gains and a winning culture. Take Action: Elevate Your Dealership Today To learn more about implementing expert motivational training tailored for automotive dealerships, connect with Larry Feldman and the Career Changers USA team.

02.09.2026

How AI Tools Transform Automotive Training and Car Sales Today

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