by PartsEdge | Nov 5, 2020 | Parts Inventory Management
Let’s Talk Parts! Parts Managers are Asset Managers, plain and simple. Their job is to turn the second largest investment a dealer makes (the parts inventory) into profit. According to NADA, the average dealership gets 49.6% of its gross profits from the parts...
by PartsEdge | Oct 29, 2020 | Automotive Industry
Cars have been a symbol of independence from the dawn of their invention. In the age of COVID-19, this root purpose is more relevant than ever. As individuals seek safer ways to travel and socially distanced leisure, new opportunities arise for dealers and...
by PartsEdge | Oct 14, 2020 | Idle Inventory, Parts Inventory Management
Increasing service levels in your parts department isn’t just good business, it can also make a huge impact on overall dealership profit. By focusing on some key factors and fostering great communication between parts, service, and customer care, you can...
by PartsEdge | Sep 30, 2020 | Automotive Industry
Founded in 2013, Carvana is known for its car vending machines and claims to make buying a car as simple as ordering something on Amazon. They’ve had a pretty good year thus far with customers flocking to contactless options across industries. While the Carvana model...
by PartsEdge | Sep 3, 2020 | Parts Inventory Management
Effective inventory management makes all the difference not only in your parts department but also in your dealership as a whole. After all, the parts inventory is the second-largest investment dealers make. According to NADA, dealerships service and parts sales...
