The most profitable dealerships in the automotive industry are constantly and consistently evaluating their current processes and procedures against benchmarks, and making the necessary adjustments to improve. Many dealers make the mistake of relying solely on national averages when, in reality, they need to compare their performance against the competition in their regional market. While national benchmarks are certainly important, they don't reflect the unique challenges in your own backyard.
Driving toward benchmarks that are too high or, conversely, too low is likely compounding your margin compression problem.
To address this industry gap, NCM Associates and its partner, Intelligent Dealer, created HealthCheck. HealthCheck is a cloud-based asset management tool that monitors overall and departmental performance against other dealerships of the same franchise and sales volume based on both national and regional benchmarks. Using a unique algorithm developed by Haig Partners, HealthCheck helps dealers evaluate their dealership health in five key, strategic areas: cash, revenue, expenses, compensation, and profits.
Created by dealers, for dealers, HealthCheck is yet another example of NCM's commitment to providing the right solutions for our clients. Let HealthCheck help you and your team alleviate margin compression and focus on specific areas of improvement.