Dealer Tips – Page 3 – Simple Recon

Four Tips to Help Dealers Increase their Profit while Reconditioning

UncategorizedBy srwpmain November 9, 2015

The reconditioning process followed by a dealership impacts its bottomline by a significant amount. Similar patterns are repeated a number of times, and this can lead to either savings or additional expenses for the dealership. Maximization of profit on each reconditioned vehicle is only possible by minimizing the turnaround. This can be accomplished by a well-organized plan that allows the dealership to complete all necessary jobs within the least possible time. On the other hand, poor planning not only leads to wastage of time and money, but also keeps the entire workforce busy without sufficient return.

The cost of an Under-Performing Reconditioning Department

OtherBy srwpmain October 7, 2015

Most of the industry experts suggest that each vehicle suffers a net value depreciation of 1.50% to 1.75% every month.
This depreciation percentage may not look like an alarming one. However, this percentage refers to a monthly depreciation of $30,000 for a dealership with 100 vehicles, each worth $15,000.
This is equal to a depreciation of one thousand dollars per day. Therefore, it is possible to improve a dealership’s bottom line significantly even by improving the reconditioning process by a few days.

Improve profitability at your dealership

OtherBy srwpmain July 19, 2015

Profitability of your dealership can be improved by managing the three key aspects of your business.
Key factors that affect your profitability are as under
Control your acqusition cost
Manage your sale price
Monitor your reconditioning process