As the market gets even more competitive with the influx of more used trucks and cars of higher quality, your stock of used cars is bound to lose its value. Therefore, it is of prime importance for you to ensure that your recently purchased stock of old cars keep flowing seamlessly through the process of reconditioning.  By doing this, you can avoid getting stuck with a depreciating vehicle that continuously reduces your profit margin.
It is now possible for all the Simple Recon customers to address the risk of safety recall within the process of reconditioning. This can be done by daily identification of the safety recalls on the existing pre-owned inventory, including both off-brand and in-brand inventory. Simple Recon is integrated with NHTSA's recall database. As a result of this integration safety recall verification during the reconditioning process has become possible.
This vital topic was addresses recently by an article from Harvard Business Review. The articles cite the findings of a research suggesting that it is possible to overcome the resistance to change by actively involving the people that are mostly affected by the proposed change. Unfortunately, the ownership tends to use the word ‘participation’ just as a buzzword to ensure employee participation in discussions without any genuine intent to create a feeling of true participation. As expected, this generally results in increased resistance to acceptance of new technology.

Instead of this approach, follow these tips for easier implementation of new technology.
There is no denying the fact that reconciliation is an integral part of getting a car ready for the frontline. However, it is nothing more than a subset of the time-to-market. There was a time when the General Managers were happy to see the inventory manager, service manager, and UCM going through a spreadsheet for the metrics and accountability. However, now, the Dealer Principal or General Manager has a more direct role to play in time-to-market because of three strategic reasons. It has become much easier for them to remain on top of their metrics without much effort. 
Profitability of your dealership can be improved by managing the three key aspects of your business. 
Key factors that affect your profitability are as under
  • Control your acqusition cost
  • Manage your sale price
  • Monitor your reconditioning process
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