Auto Dealers.

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Presentation transcript:

Auto Dealers

EDM’s Owners Family Members General Managers

Profit Centers New Car Sales Used Car Sales Finance and Insurance (F & I) Service Parts Body Shop

Positions General Manager General Sales Manager Department Heads Assistant Managers Office Manager Sales F & I Techs

Key Performance Indicators Revenues Units Profit Costs Cash Flow CSI (customer service index) Frozen Capital Efficiencies – gross profit per labor hr

Sales Revenues Units Wholesale & fleet Gross per unit Traffic – ups Referrals Percentage trade in Inventory Aging Closing Ratios Customers Write – ups Sales Appraisals Incoming Calls Leasing Internet Activity Customer Followup Recruiting

Service & Body CSI Customer Retention Warranty Programs Fleet Sales Gross per Labor hour Materials Profit Percent Efficiency Specific Sales like tires Extended Service Contracts Come Backs

Parts Inventory Revenues Profit Charge Backs Wholesale Accounts Developed

Programs EPP EPL ESS EMM EOL STRATEGIC PLANNING TACTICAL PLANNING COACHING

Industry Challenges Expense Controls Time for Strategic Thinking Time for Coaching Used Car Sales Cash Flow

Managers Need to Spend Time in: Goal Setting Planning Developing People Managing their Processes Managing their Financial Numbers