Drive More Turnover of Your Mechanical Parts Inventory Investment
FACT:Â Wholesale parts sold through a new car dealer is typically 85% Collision & 15% Mechanical. FACT:Â The on-hand inventory at a typical dealership is 85% Mechanical & 15% Collision. Wholesale parts are one of many sales channels that parts managers have...
The Top 3 Items That Can Drive Accessory Purchases
Now, more than ever, there is an urgency for new car dealerships to do three things: Save more money Make more money Explore new revenue streams How do these dealerships accomplish these goals? One of the ways is through the accessories market. The market is bigger...
Take Control of Revenue Streams in the Parts Department
When cars in your local market drive across your dealership’s service drive, the dealership hits a double home run. Sell the labor at a respectable profit margin, typically 70% margin or more, and you sell a part that goes along with that repair at about a 35-40%...
8 Questions for Parts Managers
Whether you’re the General Manager, Fixed Ops Manager, or the Parts Manager, we can all agree that it is harder than ever to generate or even retain profit margins in our new car dealerships. However, Parts Managers have the uniquely difficult problem of overseeing...
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