November 19, 2013
December is traditionally the most disastrous trading month of the year. As a consequence, many dealers adopt the attitude that cutting cost is the way to manage December and a Nation of Dealers acting like Ebenezer Scrooge ensues! Also, any dealers that do make money in December often do it on the back of manufacturer bonuses and releasing provisions
It doesnâ€™t have to be like that.
The key to making December count is to take action NOW before itâ€™s too late.
Here are a few ideas from the Coachworks team to make your December a success!
November 18, 2013
It may have seemed like a good idea at the time â€“ registering those last cars to hit a manufacturer objective, but if youâ€™re still bloated from September, you will in danger of preventing yourself having a fast start to 2014.
What did the dealers do who are out of those pre reg. stock, how can you dispose of yours, and how do you avoid getting stuck the next time?
The key to managing the pre reg. stock is to follow these golden rules:
November 15, 2013
Your biggest expense walks in and out of your business each day. Or are they your greatest asset?
With any other asset in use in the business, management would ensure that they were maintained properly and controlled effectively in order to generate revenue. People are no different, and it is vital that they are â€śmaintainedâ€ť regularly to ensure that they deliver their optimal performance.
So what happens in practice? (more…)
November 14, 2013
Bank of England Governor Mark Carney says that the UK recovery has “taken hold” and unemployment will fall sooner than it forecasted: the latest in a series of positive reports on the UK economy. So you might be thinking about catching the wave of Economic growth and expanding your business.
ASE report average dealer profits stand at ÂŁ180k at the end of September ytd. Thatâ€™s 1.6% ROS, and with cash in the bank you may be thinking about investing in further opportunities. But are you in the best position to expand? Only do it if it is right for your business! (more…)