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Published byJeremy Cunningham Modified over 9 years ago
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Sandi Jerome editor, Digital Dealer www.DealerStar.com 2852 WILLAMETTE ST #502 EUGENE, OR 97405 sandi@dealerstar.com 10 Things an Internet Manager has always wanted to ask….
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Why aren’t Internet Managers treated like other managers? Pay plan vs. commission voucher Either attend manager meetings or provide reports Pay Plan – Internet Manager Salary $2500 Month Plus 15% of the gross profit of the Internet department less Internet lead expense Plus $500 bonus for a closing ratio over 15% $750 bonus for 85% CSI on department deals
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How is gross profit calculated in car deals? Get in writing the salesperson pay plan (pack, holdback) Know how to find your accounting cost (vc) Learn how the gross profit screen works Dlr Gross
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Why are there chargebacks? Open ROs – make friends with the cashier Open ROs – make friends with the cashier Due bills – they are often missed Due bills – they are often missed Purchase orders Purchase orders What about the pack? How much is your pack? How much is your pack? Does it cover chargebacks? Does it cover chargebacks?
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How does the R+R/ADP/UCS system work? Getting a login R+R Query to PC Process ADP- RPG to RPX
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DMS Download to Excel ADP – Reflection, function RXR, RPX. Files: FI-WIP, CAR-Inv, Vehicles, History, GL.ACCT.LDGR R+R – EraLink, RunQuery. FIMAST, NVInventory, UVInventory, ROJournal, Customer, SerIndex, GL, SCHEDULE4, etc. EDS/ADP ARG – Executive Assistant, SLDELHPF, VMVEHMPF,SVSOHDL1 UCS –Run reports in modules, then PRT blank, ERM (Power Workstation – or FTW). 269-01 thru 269-04, 358/359, 410-01 thru 410-03. Autosoft – DAT files like asro, aasacm, asc – need to import with position of field. PBS – Microsoft Access files – link, import, unlink. PBSf&I.mdb, PBSinvn.mdb, PBSserv.mdb ADAM – dbf files can be imported or linked ACS, DPC, Auto/Mate, Arkona, DealerStar – export to Excel
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Getting the Data – Two Sources on your DMS System Transaction files Car deals, range of dates, finalized Car deals, range of dates, finalized Repair orders, range of dates, customer and warranty Repair orders, range of dates, customer and warranty Database files – snapshot as of today Vehicle inventory, New/Used, with GL balance GT $1000 Vehicle inventory, New/Used, with GL balance GT $1000 Customers, Last service date > 03/01/06 and Make = Toyota Customers, Last service date > 03/01/06 and Make = Toyota
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What kind of reports can I run and how? Customer File – it is in service; Customer File – it is in service; R+R - SERINDEXR+R - SERINDEX ADP - VEHICLESADP - VEHICLES UCS – SIN databaseUCS – SIN database Inventory File Inventory File R+R – NVINVENTORY, UVINVENTORY (INV$$)R+R – NVINVENTORY, UVINVENTORY (INV$$) ADP – CAR-INV (BALANCE)ADP – CAR-INV (BALANCE) UCS – SIN databaseUCS – SIN database
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AutoFilter New Inventory Report –Data, Filter, AutoFilter Custom – is greater than 90 Custom – is greater than 90 Top 10 AutoFilter Top 10 AutoFilter
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Pivot Table Data, Pivot table, Next, Next, Layout Balance, 3 time Balance, 3 time UnitsUnits Total ValueTotal Value Average CostAverage Cost Add Days in Stock, Right click, Wizard, Layout Add Days in Stock, Right click, Wizard, Layout
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How can I measure the profitability of my Internet department? Find out how your department is “accounted for” – measured Find out how your department is “accounted for” – measured Expenses “allocated” to your department Expenses “allocated” to your department A - New B - Used E- Parts D- Service F - Body Shop ??? Sales Gross Profit Direct Expenses Commissions Leads Advertising Semi Fixed, Fixed
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How can I “F&I” my own deals? - – Learn your DMS system’s F&I module www.reyrey.com www.reyrey.com www.reyrey.com www.dealersuite.com www.dealersuite.com www.dealersuite.com Volunteer!
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Buy Rates – Get the chart! 35% — punctuality of payment in the past (only includes payments later than 30 days past due) 30% — the amount of debt, expressed as the ratio of current revolving debt (credit card balances, etc.) to total available revolving credit (credit limits) 15% — length of credit history 10% — types of credit used (installment, revolving, consumer finance)installment revolvingconsumer finance 10% — recent search for credit and/or amount of credit obtained recently
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What is a good pay plan for an Internet Manager? Salary, maintaining the website Commissions, % of gross profit Bonus, CSI, closing ratios
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Step 1 – How much Salary?
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Step 2 – Commission Rate
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Step 3 -Leftovers is the Bonus
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www.sandijerome.com www.sandijerome.com Free Downloads, Spreadsheet, DMS jobs to run Pay Plan Wizard Power ERALink/Power Reflection Ultimate Campaign Guide Data Miner! Campaign Manager for ADP, RR, EDS, UCS, AutoSoft Email- sandi@dealerstar.com
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