By following 3 simple steps—Menus, Safety Inspections, and Upselling—dealers can dramatically increase Service and Parts Gross Profits at a critical time when front-end sales are slowing down. A dealership averaging 500 Customer Pay Repair Orders (CPRO) per month can increase Service Gross Profits by hundreds of thousands of dollars a year.
In this whitepaper, examples and figures are given that demonstrate how to achieve a $800K+ profit improvement year over year, or more than $200K in three months.
By DealerPro Training Solutions
Particularly in “good times,” dealerships shouldn’t ignore potential ways to increase revenue. By focusing on revenue now, dealerships will be able to more nimbly weather market downturns.
Selling new vehicles may not be as profitable as it once was, but after-sale opportunities are increasing, thanks to new technology.
Every dealership has a customer relationship management and dealer management system in place, but are you running one geared to how you did business yesterday, or one that will drive your growth tomorrow?
When customers second-guess their F&I purchases, all your effort — and the security of their investment — goes out the window. Protect your customers and your PVR with these strategies for reducing chargebacks.
For dealers, F&I professionals, agents, and P&A executives, 2019 was a year to remember. Get caught up on 12 months’ worth of industry news with this review of our most-read stories, starting with a Carvana-size shakeup and continuing with big deals, big lawsuits, and big gains for the F&I segment.
F&I and Showroom covers a variety of topics throughout the year, from industry trends and news to technology. Here, you’ll find our most popular content of 2018.