Tag: profit
What are the best ways to involve the F&I department...
Every dealership is set up the same way – sales, service, parts, and F&I all operate as their own separate departments. Each has a unique part to play both in overall profit and in the customer experience. However, when you look at the sales and F&I departments together, there are some in the business that […]
Toyota makes a robust update to profit forecast
The world’s best-selling automakers has now updated their full-year profit expectations after realizing a net profit increase of 50% in the third quarter of their fiscal year. Toyota Motor Corp increased their yearly earnings by 54% on the news – a surprising move as other automakers worldwide continue to fall behind in production. After announcing a Q2 […]
Which F&I Products Should You Sell Online?
On this week’s episode of F&I Today, Becky Chernek explains why making all of your F&I products available online may not increase profits, and how you can build trust and loyalty without sacrificing your bottom line. VIDEO TRANSCRIPTION: Speaker 1: F&I Today, brought to you by eLend Solutions. Becky Chernek: Welcome to F&I. […]
The Profit in Cabin Air Filters
In a time when the media often speaks about air pollution and the health benefits of clean air, it is hard to believe that most people, if they are driving a late model car, have more than likely never heard of the cabin air filter in their vehicle. More so, the chances that most consumers […]
Make Your Service Department More Profitable With These Tips
Maintaining a profitable service department is one of the best ways to ensure that your dealership turns a profit, even when people aren’t buying vehicles. However, the service department often gets overlooked and lost in the shuffle of daily operations. By doing a few easy things, you can ensure your service department gets the attention […]
Optimizing Profit in the Body Shop
The body shop or collision repair industry has slightly diminished, however there are still new shops entering the fray to get their share of the revenue that is out there. The way the insurance companies deal with these repairs has made it harder for new car dealerships to want to stay in the business. New […]
Steve Finlay: The one thing dealerships should focus more on...
Should your dealership focus more on the product or the profit? Aren’t we supposed to believe that profit will eventually come if we put all of our emphasis on the product and how to move it? Steve Finlay, Senior Editor with WardsAuto, says of course.
Make It Easy, Keep It Easy
Nobody minds paying a premium in return for a more simplified process. Jonathan Dawson explains how making things easier for the customer can boost profits on today’s Tip of the Day.
Get your Money Right!
You have a great product and work for a great dealership, but Grant says above product knowledge, above sales knowledge, and even above the follow up… you need to get your money right.
Why You Should Keep a Cabin Air Filter at Your...
On this week’s Service Tip of the Week, David Lewis explains how keeping two cabin air filters (one clean, one dirty) at your desk can generate profit.
