When it comes to selling idle inventory or purchasing needed parts, most dealers are faced with many options and it can be difficult to know what to use when. In order to discover the best match for your dealership needs, we’ll start by breaking down the two main...
KF: My name’s Kaylee Felio and I’m the sales manager here at PartsEdge. I also have resident parts expert Chuck Hartle, one of the founders of PartsEdge here too. We’re joined today by Denny and Mick with Fred Beans and we’re going to talk about what it’s like for you...
In March it seemed like there might be no bottom to the freefall for automotive sales. In the first quarter of 2020, new car sales were down by a whopping 30%, the greatest drop since the recession of 2008. Starting in June, the path to recovery started to become...
Parts Managers are tasked with such a wide variety of responsibilities. While all areas of your parts department require regular attention, monitoring these 5 key aspects weekly can help you reduce idle inventory, increase profits, and remain focused on what makes the...
Most experts have assumed the larger rollout of autonomous vehicles would need to be accompanied by an ambitious plan for safe testing, and now it seems that mechanism has arrived in the form of an autonomous-only lane running between Ann Arbor and Detroit, MI....
With Ford’s rollout of RIM and Hyundia’s switch from Smartstock to PartsEye, we explore how dealers might make the transition with ease as well as best practices for managing any Manufacturer program successfully. For those shifting from no manufacturer program...
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...
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...
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...
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...
