Auto Dealer Monthly

JAN 2013

Auto Dealer Monthly Magazine is the daily operations publication serving the retail automotive industry. This automotive publication serves dealer principals, officers and general managers with the latest best practices.

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in the beginning opening observations New Year Offers New Approaches I t seems like every dealer just wants to survive December. For some it is an extremely slow month, with potential shoppers focused on Christmas shopping and not many with new cars on their list of things to buy. For others it is the fact that their teams get so distracted during the month due to the holidays. But as soon as the page turns to the New Year dealers begin mapping out what areas of their operations they want to improve. Sometimes it is just that simple to see major results - just improving one area - by fine tuning a good process and making it great they see more black each month. For other dealers who already have outstanding operations, or those who are constantly looking for new opportunities. This month's issue of the magazine takes a deep dive into a profit center that many still haven't latched on to – prepaid maintenance programs. Yes, it has been around for several years, but like any other program that starts it has been refined to a new level. There are several providers who now have prepaid maintenance programs. Like anything else before choosing which one you want to offer your customers, think about what will fit your dealership needs. How much administration do you want to handle, what is the spoilage policy, can it be reinsured, and what is offered in the program? All of these items will influence your choice and will ultimately influence the performance of your program. Many of the insurance companies in our space have 6 programs readily available. However, before you talk to your current provider about their program make sure you read this issue which is packed with additional information and perspectives of what the programs are for and how they are performing, As you are planning 2013 also take time to evaluate each employees training needs. Our industry is chock-full of training opportunities for every position in the dealership. Sometimes I hear dealers complain that training is expensive. "I can't afford to send every employee to a $995 event". I would have to agree, however there are a lot of training choices. Yes, there are big expensive events and you need to be a bit selective about who you are sending to those events and making sure they are bringing things back from the events you can implement, but there are also many inexpensive options. Your investment in those is not much more than allowing the employee uninterrupted time to attend. Sometimes the training your team members need isn't even in the automotive space but can be taken at a local college or regional workshop such as workshop on managing people. Regardless of where your focus is in 2013, let there be focus on improving and growing your operation this year. Volume 10, Issue 1 Editor Harlene Doane Assistant Editors Kimberly Long Daryl K. Tabor Contributing Authors Mike Cassinelli Amy Peck Mark Dubois Paul Potratz Greg Goebel Jim Radogna Bill Hamlin Don Reed Thomas B. Hudson Layout and PrePress Regent Promotions Inc. Copyright © 2013 all rights reserved. Reproduction in whole or part is prohibited unless expressly authorized by editor or publisher. The views expressed in the articles or advertisements are those of the authors and do not necessarily represent the views of this magazine or its staff. All unsolicited content, photographs and artwork submitted are at the submitter's risk and will not be returned unless return postage and packaging are included. Editorial inquiries, questions or comments can be made to the editor at Harlene@AutoDealerMonthly.com Advertising Sales Please call 888-300-8844 or e-mail Advertising@AutoDealerMonthly.com Reprints For editorial reprints, please call 888-300-8844. Auto Dealer Monthly (ISSN: 1941-384X) is published monthly by Auto Dealer Monthly, LLC P.O. Box 39, Osprey, FL 34229-0039. Periodical postage paid at Evansville, IN and additional mailing offices. Postmaster: Send address changes to Auto Dealer Monthly, P.O. Box 1753, Skokie, IL 60076 or call 877.775.6907. Annual subscription rates are $72/year in the U.S. Additional prepaid single copy issues may be purchased for $6 each (U.S. only). Subscription rates higher for international subscribers. Call 888-300-8844 for details.

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