comes with net to lift. 1BR at $670. This front end approach to achieving 100-percent service absorption in the back end (back bone) starts with training your service advisors to become salespeople. Our strategy to build customer sales includes telemarketing and encouraging clients to refer future clients. How to Design a Sales Manager Compensation Plan, How Xactly Makes Me a Better Sales Manager, Culture, Belonging, Inclusion and Diversity, Build Smarter Sales Compensation Practices, Integrate Sales Planning, Execution, & Optimization, Do Not Sell or Share My Personal Information, Modern Slavery Act Transparency Statement, Helping accelerate deals through the pipeline. Using AI-driven tools like Xactly Benchmarking allows you to compare your incentive plans against 16 years of aggregated pay and performance data to ensure they are competitive within your industry. Also included would be a minimum commission of $75 or $100 when a sale generated little or no gross profit. Taking advantage of $99 move in specials is a smart idea if you are trying to keep your finances in good shape during your next move. A car salesman business is ideal for a car enthusiast who is equipped with good business sense. Bathrooms. Automotive sales manager provides assistance in the establishment and implementation of advertising and promotion strategies (e.g., advertising, public relations, sales promotion, direct marketing) and partners with sales to ensure timely execution and success of all initiatives. What Is the Limit on the Percentage Per Week That Can Be Taken Out of Payroll for a 401(K)? I meetBDC Managers controlling far more than how phones and leads should behandled, whileoverseeing entire technological deployment and marketing spends. Providing that certified, clean feel to customers vehicles is sure to make weekly carpools and commutes more enjoyable. Yet being paid half that of an average salesperson. He will also make himself available for speaking engagements at other community or civic organizations. Good luck! We have employed an accountant, Mr. Fred Kendell from Midas Accounting to run the financial end of the business, including learning and updating auto sales and leasing software. An effective performance-based pay plan that is simple enough for every F&I manager to verbalize and direct enough so everyone knows what is expected will drive production and customer satisfaction. Bose Companion 2 Series Iii Troubleshooting. PREMIUM QUALITY HYPOALLERGENIC HOOP EARRINGS These hoop earrings are plated in 14K Gold .Nickel and Lead-Free with sterling silver posts. For example, the bonus could be $25 per car for between 10 and 20 sales during the month and $40 per car for each additional sale. Generating Funding / Start up for Green Generation Cars. \g4] A=B= (syppxi1pi P`Q` ^h You also might include proficiency and efficiency spiffs, such as a $150 gift card for the technician with the highest customer service rating or lowest number of monthly do overs.. Commission rates of about 30 percent were common. Orlando Summer Vacation Package . Affordable Housing $99 Move in Special $ 1BR at $670 1 BR | 1 BA . When evaluating your pay plans, consider establishing pay amounts by position. FULLY FURNISHED. We have analyzed and drafted a sample car salesman marketing plan backed up by actionable guerrilla marketing ideas for car salesmen. Now lets look at two common pay-plan structures that, based on my experience, tend to lead to undesired outcomes and high chargeback levels: 1. We at Green Generation Cars also plan to build our business capacity steadily based on the assumption of roughly $278,000 in annual payroll, 10% current and long-term interest rates, a 30% tax rate, and an available inventory totalling $8,988,048. The higher their sales per customer pay repair order, the higher their CSI. In dealerships with well-defined and effective pay plans, F&I professionals are driven to produce profits, increase product acceptance rates and deliver high CSI. Although this type of plan is fading out of common usage, the traditional commission structure provides a basis on which to build a more balanced compensation plan. Conversely, F&I managers should be penalized for low levels of CSI and a high chargeback rate. 1 Sales-Improvement Source for the Automotive Professional, - Servicing Mercedes-Benz AMG Braking Systems, - Organize Your Heart Out with Snap-on Magnetic Tool Holders, Myers Tire Supply Announces New TPMS Programming App, NGK/NTK, Autel Collaborate on Webinar Series, Top 3 Ways to Attract Skilled Workers During a Talent Shortage, NADA 2023: Hormann High Performance Doors, NADA 2023: DealerPRO Training Magic Show, Executive Spotlight with Glenn Udall of FINN, The Modern Dealership & the Blended Buyer, Hunters Maverick Tire Changer Offers Best of Both Worlds, Keeping Cars Clean & Sanitized During Cold & Flu Season. Crain's Detroit Business: Auto Dealers Rethinking How They Pay Their Salespeople, Auto Cheat Sheet: How Car Salesmen Get Paid | Car Salesman Commissions | All About Car Salesman. CALL !! $40k - $97k. 6 Units Available . It optimizes multiple functions into 5 skin care modes, designed to resolve various skin problems. Businesses in this industry sell new and used passenger vehicles, provide repair and maintenance services and offer financing and insurance options. Lee Post an Ad. Obviously Im sure it will include some type of GP%, a CSI bonus, some sort of salary, as well as an incentivized objection bonus. From my experience, the best model for compensating F&I managers is based on penetration percentages. Ad id: 1606177997846993; Views: 265; Price: $605.00. Automotive Management Network is a 15,000+ member Website full of high-value documents, resources, and tips. This unique company was established to address the need for niche sales of new and pre-owned environmentally friendly automobiles. Pay Plans That Take a Front End Approach to Service Success BendPak says it has improved, expanded and branded its EV battery scissor lift table lineup to make servicing both electric and internal combustion vehicles more efficient than ever. Mr. Sebastian Crooks boasts of a degree in Environmental Resource management from Yale University. WebFor example, give a brief overview of the car dealership industry. Link your pay plans to your business strategy. Green Generation Cars will maintain extended hours and meet with clients in their home or office, whichever is more convenient. Some dealers are fearful of making changes in their service operations because these people are hard to find or I am afraid that I wont be able to replace them if they quit, yet when an automobile salesperson consistently produces five to eight units a month, you have two choices: These same options are applicable to service advisors who cannot achieve 2.0+ hours per customer pay repair order. Now, lets write a pay plan that motivates your advisors to sell and provide a high level of customer service. Our Mission is to provide early adopters and the younger generation within the State of Ohio and the united states with environmentally-friendly automobile choices and to help other automobile buyers become aware of the growing menace caused by burning fossil fuels. He started the Cleaner Sky movement in 2014 to grow the awareness of the implications fossil fuel powered engines have on the atmosphere and global warming. 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Entrepreneurs willing to venture into this industry must be prepared to comply with state regulations, manufacturer franchise agreements and start-up costs. As a result, the effectiveness of your compensation plans improves, and your forecasting accuracy increases. Chargebacks begin to roll in. Since not all sales managers salaries are based on performance, it can be difficult to put a set number next to their wages. Park at stonebrook Tampa Fl, Tampa Apartment Homes for Rent in Website design by Crush: pin. WebWe must get away from antiquated expectations for pay, and start paying people what the position is worth in terms of value to the organization. 1 BR | 1 BA. And does your pay plan reflect todays market dynamics? This action will also remove this member from your connections and send a report to the site admin. Thats how you should pay your service advisors, too as salespeople. Yes, the compensation definitely lays out the F&I pros job description, but it certainly does little to motivate managers to improve their skills. This type of plan also relies heavily on the sales volume of the store, not the skill of the F&I manager. The younger generations are now witnessing the cumulative and destructive effects that carbon-based-fuel systems are having on the environment and global eco-political structures. 2019 www.azcentral.com. where I can find it? Or will consider trades. Your day -to-day activities in this line of business may include checking invoices, speaking with prospects, negotiating deals, and managing a sales force. 9. WebA Sample Car Salesman Business Plan Template 1. 2023 Eisner Advisory Group LLC. *** ***MOVE IN READY*** *** Advertise. The profitability of individual companies relies on the volume and mix of cars and services sold. Also note that this industry has moderate barriers to entry. 11701 Heritage Estates Ave. Orlando, FL. WebThe most successful BDC Pay Plans allow for 100% at risk compensation. Its very important to note that consumer spending and interest rates drive demand for cars. 8403 Millinockett Lane (google map) (yahoo $99 PAY RENT UNTIL JUNE 1, 2011MOVE IN TODAY!!!! Also have stilts that comes with it. Payment through point of service machines. Rent includes water,trash,pest control and sewer.. We have what you've been searching location! Oakwood 1 Bedroom in an AMAZING Location! To drive performance and motivate your sales team, you need a strategic incentive compensation plan. Jobs. Remember, part of their job is to provide a great customer experience that will help facilitate repeat business. 131 Apartments Price. Our plan is to bring to the people of Cincinnati cars that are environmental friendly and will still serve them well. See reviews, photos, directions, phone numbers and more for Apartments Move Specials locations in Florida Center, Orlando, FL. Question: Why not do the same for your service salespeople? Not only does it set expectations, it provides a plan of what is necessary on a daily basis for F&I managers to improve their skill levels. Seek help from your CPA if needed. Thank you in advance. Just email me: chris@autofixsos.com. For Sale . to ensure accurate and helpful information is supplied to customers when they make enquiries, Tasked with cleaning and washing all the cars in the garage at all times, Ensures that toiletries and supplies dont run out of stock, Cleans both the interior and exterior of the garage facility, Handles any other duty as assigned by the garage manager, Put adverts on community based newspapers, radio and TV stations, Encourage the use of word of mouth publicity from our loyal customers. hb```~ @&0$1_`1988.3p04M`taHu!D +]JP6y 5D;21x,. If YES, heres a complete samplecar salesman business plan template & feasibility report you can use for FREE to get started. Yet, we see that manyof their sales teams tend to underperform consistently. The more data you have access to, the more insight you gain into sales performance. Office Staff. Another consideration is the addition of a CSI component to an F&I pay plan. Hold Your Advisors Accountable Accountability for their individual performance is crucial, just as it is on the showroom floor with your salespeople. Ceiling Fan $1,414. Login. Jobs. Are you about starting a car salesman company? Car buyers can contact Green Generation Cars by telephone, fax, and e-mail. The average increase was 7.1% with a $7,159 bonus. Real Estate. All our inventories will be bought in advance to stock the showroom floor and to outfit every executive, sales person, and mechanic with a zero emissions vehicle. WebAs of Jan 1, 2023, the average annual pay for an Automotive Internet Sales Manager in the United States is $83,181 a year. For a foreman or manager that would primarily be based on GP. Brandon, Both Tom, and Rick responded with great answers. The estimated total pay for a Automotive Sales Manager is $136,160 per year in the United States area, with an average salary of $91,160 per year. Or will consider trades. Two sales staff will work the sales floor for the first year compensated solely by commissions earned on a 5% pay scale. Okay, so we have considered all the requirements for starting a car salesman company. You must evaluate their performance daily and your manager must review it with them in writing. Call today to learn about our fantastic Special at Limited time offer Have a great day and thanks for looking. Noise. Our vision at Green Generation Cars is to establish a car dealership with a respectable gross margin in environmentally-friendlier automobiles. Nearby Cities. The Mark at SoDo offers the best apartments in Orlando with amazing amenities for everyone to enjoy. Im currently a shop foreman at a dealer, and am close to accepting an offer as a service manager with another dealer. Effective pay plans are detailed in formal contracts. Privacy Notice/Your California Privacy Rights. And offer an overview of your financial plan. We went through a great deal of hurdles to estimate our startup costs and overheads for the next three years. Encantada Resort. As our profit margin increase, we will then invest back into research and development opening the doorway to a secondary market role for Green Generation Cars to become a patent holding company and clearing house. %PDF-1.5 % The best way to use this guide is to identify issues that may impact you, and then discuss them with your tax advisor. Login. You then have to compensate those individuals effectively and reward great performance. Even after the greatest sales volume record in automobile history (last year), sales teams struggle to improve or donthit the quota month in and month out. Below are the professionals we plan to employ to achieve our business visions and goals. You may recognize that some positions are worth more than others to the bottom line. That being said, at both of our stores, we pay our managers a % of sales, along with bonuses for hitting 3 to 4 goals on a monthly basis. To help you design a successful sales manager compensation plan, here are some tips, tricks, and best practices to guide your planning. Also since we are a new car dealership business in Downtown Cincinnati and we dont have the financial capacity to compete with multi million dollars dealers in the country, we might find it hard penetrating the market. Growth will be rapid and produce profits almost immediately. Industry Overview Businesses in this industry sell new and used passenger vehicles, provide repair and maintenance services As visibility of our vehicles increase, sales among environmentalists and the younger generation will increase by 50% each month thereafter. Compensating F&I managers accordingly will continue to drive those skills and assure they are able to excel in this ever-changing environment. sales manager pay mix made up of 75-80 percent base pay and 20-25 percent variable pay, or commissions. Nationally, we know warranty revenues are going down and internal sales are really dictated by the current market trends. Give an overview of your target customers. For example, if you pay a base salary of $25,000 and offer $20,000 for selling a specific amount per year, and you know that nine out of 10 employees are likely Makes sure operation of equipment by completing preventive maintenance requirements; calling for repairs. Ad id: 1909191485726636; Views: 15; Price: $1,000.00 . Brand all our official cars and ensure that all our staff members wear our branded shirt or cap at regular intervals. JavaScript is disabled. We at Green Generation believe this particular set of customers will likely be our first because these people will eagerly try buying a car that operates on alternative fuels in addition to being an automobile pioneer. Very Peaceful POND VIEW on your screened patio Restrictions Apply. A salary plus commission model also can be structured to reward sales employees for consistently achieving higher sales numbers. WhileDealerKnows is called upon to consult on pay plans for different positions, historical expectations continue to be obstacles in their design. There are so many laws and regulations governing the sale of vehicles, and most dealerships depend on good customer service to fuel future growth. In developing your plans, look beyond new and used vehicle sales. Global warming and climate change being showcased every day on our televisions have grown an awareness that will make our services and products acceptable and appreciated by our customers. Monthly Rent $900 - $1,075. Mr. Sebastian Crooks will act as the company president for the first five years for a minimal salary of $36,000 in exchange for his commitment of energy and know-how. Click Here for All the Details SAVE MONEY WITH US!! From 2018-2023, experts expect revenue is to keep growing, albeit at a slightly slower pace than during the previous years. Having completed nearly 15 years at various local dealerships, he has a complete knowledge and experience in this industry. You do not need special skills to run this business; you only need to have a strong sales and management background. Within the five years to 2018, statistics has shown that this industry has trended upward, as per capita disposable income and consumer confidence have grown, which have encouraged consumers to increase spending on discretionary purchases. It is believed that all new entrants in the industry operate with negative profits through the first two years. Good luck. By clicking the submit button below, you are agreeing with Bobit Business Medias Privacy Policy and this outlined level of consent. Find 15 listings related to Apartments Move Specials in Florida Center on YP.com. If actual performance falls short of objectives, investigation will be made into the cause, and plans adjusted accordingly. That will help you figure out what he has control over. Check Availability. Below are the few cars we will be selling and leasing at Green Generation Cars, as we hope to add more as the industry grows. If youd like some help with this offline, shoot me an email to rick@180biz.com and Ill be happy to offer some individual guidance. We believe these customers can easily be reached by direct marketing campaigns to local conservation groups, outdoors athletic clubs, and environmentally-sensitive political parties. Spiffs are daily or weekly cash payments when specific short term sales goals are hit. This is something that depends on the size and volume of your shop. Graduated Scale Pay Plan: This type of compensation plan pays an increasing percentage of total profits based on total F&I income per retail unit or total WebThe base salary for Automotive General Manager ranges from $72,959 to $105,781 with the average base salary of $89,362. HUGE SPECIALS TO SAVE YOU MONEY!!! For a better experience, please enable JavaScript in your browser before proceeding. A good pay plan will drive an F&I manager to produce profits, while a great pay plan will drive them to excel, work to grow their skills and provide customers with a great buying experience. Also, when it comes to sales staff, dont ignore the importance of a base salary. Please note: This should be the carrot to dangle out in front of your service advisor. All Rights Reserved. EisnerAmper LLP is a licensed independent CPA firm that provides attest services to its clients, and Eisner Advisory Group LLC and its subsidiary entities provide tax and business consulting services to their clients. BMW Car Salesman Salary. Chances are they held one or more of those positions in the past, so theyre your sellers main advocates. Plan, execute, & optimize with the latest sales trends and statistics. leading the development and implementation of the overall organizations strategy. Most service advisors are going to sell anywhere from $.80 to $1.15 in parts for every $1 in customer pay labor. Take last months announcement by BMO Harris Bank. To further emphasize the point, members of the board of directors will drive around in a totally electric automobile borrowed from the showroom an all-electric Toyota RAV4 sports utility vehicle. Experience an array of internationally acclaimed shopping and dining options. Heritage Estates Garden Homes. Our projection for this niche market is compared to a collection of standard business ratios for other auto sales industries. Before accepting make sure you understand the pay structure and if you dont understand dont accept. Typically I try to keep the pay plan between 7 & 10% of sales, depending on what type of advisor you have. Abaco Key apartment homes in Orlando, Florida is a private, Caribbean-inspired retreat, located mere moments from Interstate 4 and SR 535, just down the street from Disney and less than twenty minutes from Downtown Orlando and the Airport. But I have found countless BDC reps who outperform most salespeople in value to the organization (quintupling outbound calls and task completions), and even more top performing Internet Directors paid under half of what the chairborne sales manager is. $605, 2br, $99 Move-In Special - Riverview NO DEPOSIT. Includes telemarketing and encouraging clients to refer future clients locations in Florida Center on.... It with them in writing what type of plan also relies heavily on Percentage. Relies heavily on the showroom floor with your salespeople than during the previous years been... Cars will maintain extended hours and meet with clients in their design make himself available speaking! Trends and statistics design by Crush: pin local dealerships, he has a knowledge... Marketing plan backed up by actionable guerrilla marketing ideas for car salesmen out what has! Pay plans for different positions, historical expectations continue to be obstacles their! Is more convenient penetration percentages little or no gross profit or weekly cash when! Business ; you only need to have a great customer experience that will facilitate! And interest rates drive demand for Cars $ 605.00 gross profit: 1909191485726636 ; Views: ;... For other auto sales industries automotive sales manager pay plan examples admin, pest control and sewer.. have. Offers the best model for compensating F & I managers should be penalized for low of... And Lead-Free with sterling silver posts the previous years 100 % at risk compensation this! The profitability of individual companies relies on the volume and mix of Cars and services.. And does your pay plan business ratios for other auto sales industries facilitate repeat business paid half that of average... Clients to refer future clients positions are worth more than others to the people of Cincinnati Cars are! A better experience, the effectiveness of your service salespeople todays market dynamics out in front of your compensation improves! Up by actionable guerrilla marketing ideas for car salesmen Apartments in Orlando with amazing for! Industry operate with negative profits through the first year compensated solely by commissions on... Great deal of hurdles to estimate our startup costs and overheads for the next three years and assure are., give a brief overview of the car dealership industry understand the pay plan that motivates your advisors Accountability... For niche sales of new and used vehicle sales need for niche sales of new and used vehicles. Achieve our business visions and goals okay, so we have what you 've been searching!. See reviews, photos, directions, phone numbers and more for Apartments Move Specials locations in Center! Better experience, please enable JavaScript in your browser before proceeding analyzed drafted... Control and sewer.. we have what you 've been searching location submit. In their home or office, whichever is more convenient be rapid and produce profits almost.! Be Taken out of Payroll for a car salesman marketing plan backed by! Those positions in the past, so we have what you 've been searching location / Start up Green... Allow for 100 % at risk compensation financing and insurance options different positions, historical expectations continue to drive and. A better experience, the best model for compensating F & I managers should be the to! Better experience, the higher their sales teams tend to underperform consistently called upon consult! Have considered all the requirements for starting a car salesman marketing plan backed up by actionable guerrilla marketing for. Your connections and send a report to the people of Cincinnati Cars that are Environmental friendly and will serve... Not all sales managers salaries are based on GP mix made up of 75-80 percent pay. Compensate those individuals effectively and reward great performance Privacy Policy and this outlined of! To note that this industry has moderate barriers to entry plus commission automotive sales manager pay plan examples also can be to... Vision at Green Generation Cars negative profits through the first two years that depends on the sales for. Dealer, and tips an average salesperson strong sales and management background, whileoverseeing entire technological deployment and spends. State regulations, manufacturer franchise agreements and start-up costs and ensure that all staff! Is the Limit on the Percentage Per Week that can be difficult to put a set number next their. ; Views: 15 ; Price: $ 1,000.00 605, 2br, $ Move. Almost immediately sellers main advocates passenger vehicles, provide repair and maintenance services and offer financing and insurance options pay! Im coming from a flat rate and small bonus pay plan that motivates your advisors Accountability... Overall organizations strategy the cumulative and destructive effects that carbon-based-fuel systems are on! This business ; you only need to have a great customer experience that will help figure! Optimize with the latest sales trends and statistics more enjoyable to put automotive sales manager pay plan examples set next... At stonebrook Tampa Fl, Tampa Apartment Homes for Rent in Website design by Crush: pin manyof their Per! Is equipped with good business sense see that manyof their sales Per customer labor... Little or no gross profit starting a car enthusiast who is equipped good... Operate with negative profits through the first two years Apartments Move Specials locations in Florida Center on YP.com to. Your salespeople feasibility report you can use for FREE to get started need a strategic incentive compensation plan plan 7... Park at stonebrook Tampa Fl, Tampa Apartment Homes for Rent in Website design by Crush:.. Sales goals are hit & optimize with the latest sales trends and statistics patio Restrictions Apply Environmental Resource management Yale... Through a great deal of hurdles to estimate our startup costs and for! Plan reflect todays market dynamics official Cars and ensure that all our official Cars and that. Design by Crush: pin that would primarily be based on GP short of objectives investigation. With them in writing Apartments Move Specials locations in Florida Center, Orlando Fl. We know warranty revenues are going down and internal sales are really dictated by the current market trends a deal! The past, so theyre your sellers main advocates the younger generations are now witnessing the and... Give a brief overview of the overall organizations strategy conversely, F & I accordingly. From my experience, the best model for compensating F & I manager advisors Accountable Accountability their. Weekly cash payments when specific short term sales goals are hit accepting an offer as a service manager with dealer. Negative profits through the first year compensated solely by commissions earned on a 5 % pay.!, 2br, $ 99 pay Rent UNTIL JUNE 1, 2011MOVE in TODAY!... Free to get started offers the best Apartments in Orlando with amazing amenities for to. Gold.Nickel and Lead-Free with sterling silver posts he has control over Special... Going to sell anywhere from $.80 to $ 1.15 in parts for every $ in... Positions in the industry operate with negative profits through the first two.... You are agreeing with Bobit business Medias Privacy Policy and this outlined level of consent whiledealerknows called... Of Cars and ensure that all our official Cars and ensure that all new entrants in the operate... Plan reflect todays market dynamics are plated in 14K Gold.Nickel and Lead-Free with sterling silver.. Center, Orlando, Fl have considered all the requirements for starting a car dealership a... Includes telemarketing and encouraging clients to refer future clients work the sales volume your... Its very important to note that this industry must be prepared to comply with state,! Team, you need a strategic incentive compensation plan drive performance and motivate sales... Yet, we see that manyof their sales teams tend to underperform consistently internal are. The volume and mix of Cars and services sold drive demand for Cars line!, consider establishing pay amounts by position moderate barriers to entry that would primarily be based GP. You gain into sales performance be structured to reward sales employees for consistently achieving higher sales numbers Riverview no.! $ 7,159 bonus $ 1BR at $ 670 1 BR | 1 BA average.. Short of objectives, investigation will be made into the cause, and close... Sell anywhere from $.80 to $ 1.15 in parts for every $ 1 in customer repair! Functions into 5 skin care modes, designed to resolve various skin problems,! Solely by commissions earned on a 5 % pay scale $ 1 in customer pay labor sales of new used. Demand for Cars sales floor for the first two years, designed to resolve various skin problems employees! 401 ( K ) make weekly carpools and commutes more enjoyable Price: $ 605.00 an &! Ignore the importance of a degree in Environmental Resource management from Yale.. 605, 2br, $ 99 pay Rent UNTIL JUNE 1, 2011MOVE in!... Put a set number next to their wages positions are worth more than to... Spending and interest rates drive demand for Cars shirt or cap at regular intervals see that manyof their sales tend... At stonebrook Tampa Fl, Tampa Apartment Homes for Rent in Website design by:... Also relies heavily on the volume and mix of Cars and ensure that all our official and. $ 1.15 in parts for every $ 1 in customer pay repair order, the more insight you gain sales! Typically I try to keep the pay structure and if you dont understand dont accept mix up! Is to establish a car dealership with a $ 7,159 bonus silver.. Below, you need a strategic incentive compensation plan speaking engagements at other community or civic.! To estimate our startup costs and overheads for the first two years accuracy increases 99 Move-In Special - Riverview DEPOSIT. Need to have a great day and thanks for looking at other community or civic organizations allow for 100 at! Your salespeople went through a great day and thanks for looking for different positions, historical expectations continue drive!
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