This KPI shows the profit percentage of each part sold by the dealership, to see which parts are the most profitable and which are not performing as desired.
Tag: Dealerships
Why couldn’t I foresee that I was losing my best customers? When someone asks that question, it is usually too late. The most efficient and preventive way to detect changes in customer habits is to assess what customers are buying today.
How was your business performance last year? Did you meet your goals? Have you already decided how to face the new year?
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3 Parts KPIs to Focus on
When sales goals are met we often gloss over possible profit leaks caused by process failures, poor practices and operational errors. But when sales decline, we begin to worry about how to address and reduce these losses.
Nowadays it is essential to have the ability, technology, and know-how to leverage 100% of the huge volume of information generated by the dealership.
In this article we will analyze an indicator that shows the dealership’s performance in the Parts Department based on customer demand.
A simple way to know if we are growing is to look at the increase in revenue from one month to the next. But if we want to dig deeper and see the origin of that result, its composition and trends, and obtain information to make decisions, the immense volume of data generated by the dealership […]
To understand the importance of KPIs (key performance indicators), it is useful to think about the journey of a ship: the captain must have the essential tools to know where the ship is headed and what problems are on the horizon. These tools will help the captain make timely decisions and reach the destination successfully. Not […]