Bracing for an anticipated third-quarter loss of $1.5 billion, and squirming under the hot spotlight of a new cost-cutting initiative, Chrysler Group now admits its vehicle stocks were higher than reported. A pool of unsold vehicles in July and...
Parts managers are constantly monitoring the sales side of their inventories. But there is another side equally important, and that's receipts. Typically, the focus is on months-no-sale (MNS). This is what parts managers are told to watch. The...
Reeling after an anticipated third-quarter loss of $1.5 billion and squirming under the hot spotlight of a new cost-cutting initiative, Chrysler Group admits its vehicle stocks were higher than reported.
A fundamental of subprime financing and auto sales is maintaining the appropriate inventory. What defines inventory? It will be driven by a number of factors. Consider the credit situation in your market area. Profile the percentage of B, C and D...
Depending on your results, it may be good or bad news that three quarters of 2006 have gone transpired. Either way, the good news is we still have one quarter left to make a positive difference. Two questions. First, if we annualized your year-to...
New data summary tools that let dealers themselves extract key business metrics from their dealer management system (DMS) as succinct, actionable summary reports are helping dealers better manage their operations. These reports deliver fast-read...
Value pricing by auto makers, if implemented on new models as an alternative to rebates or cashbacks, would have a profound impact on dealers' inventory reserves and tax bills, says certified public accountant Mike Menear of the Boyer & Ritter...
Few dealerships employ someone strictly as an inventory manager, but one day the job title may be as common as that of used-car manager and finance and insurance manager. Inventory usually is a dealership's largest capital investment, so it makes...
I recently gave an inventory-management presentation for the American International Automobile Dealers Assn. Not wanting to air just opinions on best-management practices, I researched this subject in-depth. The first issue to think about is the...