by PartsEdge | Dec 14, 2020 | Parts Inventory Management
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...
by PartsEdge | Nov 24, 2020 | Automotive Industry
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....
by Chuck Hartle | Nov 12, 2020 | Parts Inventory Management
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...
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...
by PartsEdge | Aug 20, 2020 | Automotive Industry
We’ll begin by saying this: no one has a crystal ball. While we can investigate what’s happened so far and the context of the industry before COVID-19 to draw predictions, the true lasting effects on the industry are unlikely to be known for a long time. Our goal is...
by PartsEdge | Jul 23, 2020 | Automotive Industry
Self-driving technology has always faced a (thus far) impassable problem: how can a computer mirror the complexity of human reasoning and perception? Truly the issue is even bigger than that. Humans make mistakes that result in horrible accidents, but we accept that...
