Triton brings the challenge to competitors
The bakkie war has intensified with the local launch of Mitsubishi’s next-generation Triton, an evolution in the iconic bakkie’s 46-year legacy.
- Product News
- 21 November 2024
Here are a few basic ideas that should have a positive impact on gross profit (GP). Most of you are familiar with them but knowing them does not mean they are effectively applied. These are areas that I believe should form part of your daily, weekly or monthly reviews.
Purposely look at your new stock holding in terms of what you have, what is due from the factory and what stock you are short of. I have found that it is always possible to buy scarce stock from dealers if your stock controller is tasked to do so. In terms of stock on hand and incoming, how do enquiries look for the stock that is available. Get into the details to see if there is opportunity somewhere.
Know the make-up of the “second gross”. Which salespeople are generating second gross? What is the make-up of the “second gross”? Do you have a “second gross” plan or objective and if so, are all your salespeople up to speed on the expectations?
Analyse your closing ratios per salesperson, per model and per enquiry source. Knowing these ratios is vital when trying to optimize the performance of vehicle sales. Ensure that you know enquiries received per used car – if enquiries are high, why has the car not sold? If enquiries are low, is your pricing or marketing of the vehicle, correct?
Do you have a formal process for managing “workshop” quoting? How many clients request a quote? Who decides on pricing of the quote? How is the quote presented to the client? How many quotes are successful – your closing ratio?
How many parts sales enquiries do you receive per day? How would you expect these to be managed by your salespeople? What is the conversion ratio of enquiries to sales? Do you record “lost sales” and the reasons?
In summary, just a few ideas that would certainly improve GP in any dealership. They are simple and easy to implement if you are looking to improve dealership performance.
The bakkie war has intensified with the local launch of Mitsubishi’s next-generation Triton, an evolution in the iconic bakkie’s 46-year legacy.
Unlike in the past, when dealerships primarily waited for customers to come to them, we now take a more proactive approach, bringing our vehicles directly to places where people gather, allowing them to experience the product first-hand, including offering test drives,” says Gerrie van der Kaay, Dealer Principal at Supergroup Dealerships Jetour Midrand.
JAC Motors added ABS (Anti-lock Braking System) to its X200 2.8L TDI 1.5-tonne single-cab, enhancing safety for both the crew and cargo. This latest upgrade complements the ABS-equipped X200 1.3-tonne double-cab targeted at organisations with labour-intensive crews.
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You can't buy happiness but you can buy cars and that's kind of the same thing.
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Unlike in the past, when dealerships primarily waited for customers to come to them, we now take a more proactive approach, bringing our vehicles directly to places where people gather, allowing them to experience the product first-hand, including offering test drives,” says Gerrie van der Kaay, Dealer Principal at Supergroup Dealerships Jetour Midrand.
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