Auto
dealerships can use key performance indicators (KPIs) to benchmark and monitor their
performance. Here are 5 important KPIs to watch.
1.
Dealer Sales
One
of the most important KPIs to watch is sales. Benchmark and track sales by
timeline and sales person.
2.
Revenue Sources
Revenue is an important KPI to track, and so are revenue sources.
Tracking revenue by
source helps you to understand the most important customer segments and best
performing departments.
3.
Gross Profit
Gross
profit is another important KPI for auto dealerships. It tracks profits across
sales, service, F&I and more.
4.
EBITA
Earnings before Interest, Tax, Depreciation & Amortization (EBITA) tracks the working efficiency of your dealership.
This is an important indicator of how
well the dealership is performing.
5.
Inventory turnover
Inventory turnover is another important KPI to monitor, and this include both new inventory and pre-owned inventory.
For more information on the important car dealer KPIs to monitor, Contact Us.