To manage a maze of inventory more efficiently, businesses need to prioritize items that are most essential to its success. An ABC analysis is a technique you can use to identify your best and worst performing inventory over a certain period or even a season. It gives businesses greater inventory control and helps reduce costs. …
Traditional methods to sell a car has been working for many years. But in this time and age where customer needs and demands are ever changing, access to competitive digital retailers and supply-demand makes it challenging to keep up with the dynamic market. When a customer walks into an auto dealer showroom/workshop, they are worth …
How can dealerships cash-in beyond just a one-time sale or service? Read More »
The automotive industry is already at the cusp of changes! Dealerships are looking at innovative ways to retain customers while also improving their bottom line. Some of the most popular schemes being applied are up-sell & cross-sell such as “extended warranty” and “service contracts” respectively. These ensure dealerships “lock-in” customers ensuring long term loyalty! But …
Auto dealer’s road to sustainability with effective burn rate analysis! Read More »
Why is inventory management crucial for an auto retailer? Inventory can play a substantial role in the health of a business—having too much can cause problems, as can having too little. With an inventory management analytics, automotive retailers can get visibility into items across all channels, ensuring the right items are available, at the …
Automotive Series: Top 6 Metrics To Track For Your Inventory Management Read More »
If you can’t measure it, you can’t improve it. As an auto dealer, you must create a digital sales funnel to evaluate and assess the success of your sales and marketing teams. Measuring the vehicle leads serves as a guide to new revenue opportunities to grow your business. It’s vital to know your performance indicators …
Automotive Series: Top 5 Metrics To Evaluate your Vehicle Lead Management Read More »
Financial KPIs That Drive Successful Vehicle Sales Strategy Tracking and measuring the performance indicators of your business is key to measure the successes and failures of your business and to make critical adjustments in your execution so you can achieve your strategic goals. In this post, we’ll outline 6 most fundamental Financial KPIs that will …
Automotive Series: Top 6 Metrics To Evaluate Your Vehicle Sales Read More »
Client An authorized dealer of leading automobile brands such as Nissan, Infiniti, Renault, Great Wall and Dongfeng Motors, Ford and Lincoln. Being synonymous with quality automobiles in the GCC, the client has consistently set the standards for excellence, not only in sales, service and spare parts but also in customer service and satisfaction. Background The …
Transforming Data into Value for a leading Automotive Dealer Read More »
In any retail business a customer demand satisfaction is one of the most important factors to track. Was the needed item available in stock when your customer asked for it? To gain the trust of your retailers, you need to have an accurate fill rate. Why fill rate? The most important goal is to …
How can fill rate analysis help automotive businesses? Read More »
The auto retail industry, like many other sectors, is undergoing a rapid transformation driven by technological advancements, changing consumer preferences, and environmental concerns.
In a world where data is paramount, don’t you agree that insights are invaluable? And with the right mindset you bring to the table will truly set you apart! Enter the growth mindset – a powerful approach that can propel you and your business forward in your analytics journey like never before. So, what exactly …
Embracing a Growth Mindset: Your Key to Analytics Success Read More »