The Mobility-Online KPI Dashboard
The
Mobility-Online KPI Dashboard
The Mobility Team provides your business with a KPI
Dashboard that helps you optimise your business on a daily basis. One of the
key focuses of our KPI Dashboard is to show you how much you are spending per
vehicle on a daily basis before there is an active buyer.
Why You Should Use It
A KPI (Key Performance Indicator) dashboard helps you focus
on making money and not on the units you’ve sold. Used vehicles should be sold
within 120 days. If you don’t manage this properly, you lose profit
opportunities and it can cost you money where you should be making money. You
can establish the exact impact of this lost opportunity by dividing the actual
number of days a vehicle has been in stock by your stock turn and then multiply
this by your average profit.
Our KPI Dashboard includes 5 different calculators. These
are:
1.
Dealer
Use this as a tool to determine your actual profit from each
individual sale. Remember that the higher the net profit % sales, the better
your business is at actually converting daily sales into profit.
2.
New Vehicle
This can be an important KPI because there are manufacturers
that spend an enormous amount of money per year building their brand through
marketing and advertising. If you have a new vehicle department, the execution
of your advertising and marketing plans should be carefully managed and
implemented by calculating the advertising cost of new vehicles.
3.
Used Vehicle
Calculate the average gross profit per unit retailed. Used
vehicles can cost a business an immense amount of heartache and money, so make
sure you understand the process.
4.
Service Calculator
This calculates the number of retail hours sold per retails
job by dividing the total retail hours sold by the number of job cards in the
retail sector
5.
Parts Calculator
This is the invoice value of the parts sold minus the cost
of sales to purchase the parts. Generally, this is expressed as a monetary value
or as a percentage.
We hope that you feel more informed about our KPI dashboard
after this article. We encourage you to make use of it to streamline and
simplify the way you manage your business and brand. If you have any questions
about our KPI dashboard, please reach out to us and we’ll have one of our sales
representatives contact you as soon as possible.
Comments
Post a Comment