![]() The application also enables you to manage a directory containing all the information about the service providers for your vehicles: insurance companies, garages, stores, clubs, associations, etc. Non financial data, such as the change in mileage and average fuel consumption can also be calculated, and displayed in brief or in detail.Ī carbon footprint can also be calculated, depending on the consumption of the vehicle, as well as the mass of carbon dioxide (CO2) it produces (total and average per day and per mile traveled).Ĭar Manager also allows all these data (costs, fill-ups, vehicle information) to be exported and sent by e-mail directly from your iPhone as a CSV file (comma separated values, which can opened and processed by Excel or any other spreadsheet program), should you feel the need to create your own personalized statistics. The application updates the overview and detailed statistics of your expenses: cost per spending category, cost per kilometer or daily cost. "Keep tabs on your vehicles with Cars Manager's useful, informational records notation fields which allow you to maintain your car without forgetting one detail !" - įor each vehicle, input your fill-ups in a matter of seconds, to obtain an updated view of your expenditure, mileage and consumption. "Great for anyone who owns more than one car, Cars Manager lets you store lots of information on your vehicles to help keep them in great shape.". Paul Stowe is the former director of retail operations at NCM and recently retired after nearly 50 years in the automotive business.Designed for anybody owning one or more vehicles (cars, motorcycles, etc.), the Car Manager application allows you to store everything related to them: administrative information, insurance, fuel or maintenance expenses, mileage of the next maintenance, date of the next technical inspection, as well as the information related to your favourite service providers (garages, assistance, specialized stores, etc.) Note: This post appeared on an NCM Associates blog in July 2014. There is too much missed profit opportunity, let alone the impact of adding new customers to your owner base. Ask your manager to give you a plan to increase used unit volume profitably beginning right now. Get it in writing. Understand and clear the air on these misconceptions, if they apply. Buy it right or understand the impact on potential grosses, salability, and aging of your used vehicle dollar investment in other words, your true return on investment of your dollars, Mr./Ms. A used-vehicle trade acquisition is an investment decision. Why in the world would you destroy your acquisition disciplines, bumping used trade-in inventory values and not reduce new-car gross to its true transaction value?)Ī new-car deal is a new-car deal, albeit an OEM incentivized transaction. If not, what have you just done to the integrity of your pricing model and your used unit gross potential? (Most OEM incentive money is being paid on new-car sales. Question: Have you ever put more money into a trade to make a new car deal? If so, of course you reduced the new car gross - right? “If I price to market, my grosses are too low.” What makes you think you are smarter than the market which dictates the cost and sales price of inventory? What is your acquisition plan? What do you buy each week to inventory? “I cannot find the ‘right cars’ and when I do, they are too expensive.”Ĭome on! The vehicles are out there! You might have to work every day to source them. Do you understand that if you turn your inventory more efficiently, your volume will increase? Our Benchmark metrics validate that a 45-day turn is very common, regardless of franchise. Should your dealer give you more dollars to invest unwisely? Just a hint: great operators do believe a 30-day (or faster) turn is attainable. If you have an aging issue right now - why? You might, but first, do you understand and practice an aggressive “turn” mentality? If not, you are five years behind in your skill set. “I need more inventory to sell more cars.” My responses should help you combat these misunderstandings that are prevalent in our industry today, and they’ll also help you have the conversation that will turn this thinking around. ![]() ![]() What follows are some common reasons we hear during our dealership consulting engagements. ![]()
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