Automobile Dealership Accounting
Good advice I recieved many years ago is quite simple but as true today as ever, "you just can't cost-control yourself into a profit". Many industry experts warn "be careful what you cut", the market conditions are temporary, you need to tap other existing oppertunity in your market to survive, look to the used and fixed departments. Tapping into new revenue from within requires cooperation, expertiese, new ideas, training and I do agree is a most important part of any survival strategy in the current market.
With that said many dealers are finding out first hand cash flow and cost control are cridical in todays tough retail enviroment! The office is under more preasure than ever to help department heads save dollars and in many cases with a smaller staff to do the day to day tasks as right sizing hits the office and most every department. Now more than ever the data processing tools need to be fully utilized in every department to meet this challange. The time savings from full utilization of your DMS from every department at many stores is huge, you can no longer allow other departments to push the burden into the office, then wonder why there is little time for the office to do the important task of saving the many wasted dollors that must be controled to survive the current market dip we find ourselves in today. It's simply about doing more with less, it starts in the office and everyone at the dealership needs to be part of the solution.
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