You hit a double home run when cars in your local market come through your dealership’s service drive. You sell the labor and the parts to go along with that repair at a respectable profit margin. Both combined are a huge moneymaker for the Fixed Ops department,...
The COVID-19 pandemic has caused a major shift in the automotive industry. Vehicle sales and service requests took a drop the last three months, while parts sales have soared above the seasonal lifts. We’ll be taking a look at just how much the automotive industry...
We knew the day was coming when the automotive industry would move online, but we never thought it would happen with such urgency. As businesses, plenty of dealerships might have had plans to slowly ease themselves into the digital world. But as Mike Tyson once said:...
Increasing revenue in the parts department is simple: sell more parts. One of the more constant streams of business comes from your wholesale customers, so optimizing the wholesale buying experience is a great place to start. Growing your wholesale parts business is a...
Like most businesses, dealerships aren’t immune to the effects of a suffering economy. If your parts department is hurting right now, it’s not because customers don’t need auto parts. As long as there are cars and auto enthusiasts in the world, there will always...
Since COVID-19 has forced states to order people to stay at home, dealerships are seeing a 40% decrease in their service lane traffic and an even larger drop on the sales floor. This means that dealerships will need to find new forms of revenue to protect dealership...
