8 Key KPIs for Auto Dealership Success
Is your auto dealership firing on all cylinders? To build and maintain a successful dealership, use these key performance indicators (KPIs) to guide the way.
Is your auto dealership firing on all cylinders? To build and maintain a successful dealership, use these key performance indicators (KPIs) to guide the way.
Every additional day a vehicle spends in your service bays costs the dealership. Streamlining this process is one of your best ways to save time and money and sell cars fast. When your dealership buys a used vehicle to resell,…
Workflows help get the most value out of your auto dealership's inventory. Here's how to develop and implement workflows that make your turn time measurable and efficient. Like every auto dealer, a fast, efficient inventory turn time is essential to…
Every day a used car doesn't sell costs money. These 5 ways to reduce vehicle cost erosion are vital to your dealership's ROI. Asset depreciation is an essential concept for used car dealers because it cuts into profit. While you're…
Here's everything you need to know about dealership inventory turn rate — and how to find your turn rate sweet spot. Your dealership probably monitors its inventory closely — and rightfully so. Yet, many dealerships inadvertently miss out on opportunities…
Today on CBT News, we welcome back to the show Hugh Hathcock, owner of ReconVelocity. Now, you may know a little bit about his success in the automotive retail industry, but do you know how it began? Hathcock has an incredible…
The used car market is more complex than it has ever been. With new vehicle inventory levels steadily declining and consumers growing more wary of high auto payments and public transportation due to the pandemic, the demand for used cars…
Kalah opens the conversation by talking about how the reconditioning process has come to the forefront as dealerships continue to have record months selling used-vehicles. She says the downtime caused by the pandemic has allowed ReconVelocity to look internally to…
Keeping Recon Departments On The Radar
FREE Calculators & Recon Auditor Download! (Click the links at the bottom) Dealership used car managers are under grueling pressure to find ways to maintain inventory levels while holding onto gross profits. With wholesale prices steadily rising and used car…
ReconVelocity COO David Penney Discusses the Importance of a Seamless Recon Process.
Gage Hathcock and Dan Sills discuss ReconVelocity's impact on Dan's business, Elder Ford in Tampa, FL. This discussion was a continuation of the COVID-19 coverage from CBT News and highlights the response that ReconVelocity has made to help all our…