18 Feb
Dealership and Sales Department Metrics You Should Be Tracking in 2022 Are you a dealership owner or sales department manager wondering what dealership performance metrics you should be tracking in 2022? In this blog, we outline some key metrics you should be tracking, with the help of industry experts with 20+ years of experience. As a dealership owner, it is especially important to have accurate, timely information so you can […]
16 Feb
Dealership Performance Metrics You Should Be Tracking in 2022 Wondering which dealership performance metrics you should be tracking in 2022? In this blog, we will explore this topic in great detail with dealership experts who have over 20 years of experience. Can you point at any given area of your dealership and tell how profitable it really is? If not, then you need to be better at tracking […]
20 Jan
Are you using QuickBooks for your dealership? See how it compares to a more dealer-focused system, such as Ideal. Small and Mid-Sized Dealers Customer Focus No focus… Everyone Preferred Dealers No preferred dealers due to the commitment to all types of businesses and industries. Areas of Business Bases the development of its new features and updates on the feedback from dealers, matching their needs as closely as […]
04 Jan
The OPE market is still experiencing the ripple effect caused by the pandemic. From supply chain disruptions to technician labor shortages and more, dealers have had to find smart ways to keep their businesses running as usual. Because those challenges don’t seem to be going away any time soon, it’s more important than ever for dealers to fix efficiency gaps and embrace technology. We surveyed OPE dealers across North America […]
06 Dec
There was a time when “cloud computing” was considered to be just another buzzword but it’s clearly a lot more than that today. Cloud is everywhere — organizations are either already on it or are in the process of migrating to it. Gartner forecasts rapid expansion of global cloud adoption with spending on cloud services reaching over $482 billion in 2022, up from $313 billion in 2020. Dealers are not […]
26 Nov
Dealers are facing some mounting, unprecedented challenges: • One-time customers • Seasonal sales peaks and valleys • Overwhelming peak season • A limited supply of products But despite those challenges, dealers are still finding ways to increase sales and grow their business. They’re doing so by unblocking some of the biggest bottlenecks that dealers typically run into: communication with customers. How are they doing that? By incorporating text messaging into […]
12 Nov
Over the last two years, we’ve seen unprecedented changes in how the dealership market is behaving. No doubt, a pandemic certainly shakes things up. But despite the challenges dealers have faced, the market is still going strong, even when comparing the data with the market in 2019. How is your dealership performing against industry benchmarks and what can you do to protect your dealership and ensure its growth? At our […]
09 Nov
When we talk about creating recurring revenue, we typically think about selling services or promoting add-ons. But to turn your dealership into a recurring revenue-making machine, you need to think about revenue at the departmental level. How can you create and capitalize on recurring revenue streams at every step of a customer’s experience with your dealership? Make your dealership “sticky” The key to recurring revenue is something called “stickiness”. When […]
17 Sep
Since the pandemic slowed down supply chains, manufacturers and dealers alike have been in a bind. Supply chain disruptions don’t seem to be fixing themselves any time soon. According to a Cervus Equipment report, total inventory in March 2021 decreased by $70 million from March 2020. What’s more, in an Ideal survey of dealers across North America, 56% of respondents said they expect supply chain disruptions to be one of […]
27 Aug
Is your service department operating as efficiently as it could be? Every service department has a few bottlenecks that slow processes down—back and forth between departments, keeping track of multiple tasks on the go, waiting on signatures from customers. What if you could find a way to unblock some of these bottlenecks? After working with hundreds of dealership owners, our team has identified 10 of the most common service department […]
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