Here is the WII-FM--What's
In It For Me? Using the spreadsheet
below, you can project the gross profit
increases you may expect from our services.
Enter your current performance and then
below, enter increases to try out different
scenarios. If your web browser does not
display the spreadsheet or does not
calculate the information correctly, call us
at (800) 715-8009 and we will be happy to
prepare a customized Profit Potential
Analysis for you.
Any increases in performance
depend on many factors and what Coker Automotive
Consultants services you select. However, we feel
that by utilizing our services, you will experience
increased closing ratios, higher Flat Rate Hours per RO (FRH/RO)
averages,
and an increase in Effective Labor Rate (ELR). Use the following as
a starting point to calculate increases in FRH/RO &
ELR:
"Service Advisor Success - One Idea at a Time
Sales" training videos will increase FRH/RO by at
least 2/10ths.
You may expect at least 2/10 increase in your FRH/RO
average (some clients have experienced increases up
to 1.0 FRH!) and an increase in closing ratio as
well as CSI. Increases in Effective Labor Rates may
occur due to increased closing of repair estimates
and increased maintenance sales, although to be
conservative, we do not make any projections of
increased ELR if you utilize the "Service Advisor
Success-One Idea At a Time" sales training meeting
videos.
In-dealership consulting services will increase
FRH/RO, ELR, and Closing Ratio
Depending on the consulting package selected and
your current performance, you will obtain increases
in Effective Labor Rates, FRH/RO, closing ratios,
and traffic (RO counts). One rule of thumb is that
your current Customer Pay Effective Labor Rate
should equal or exceed your warranty rate, unless
your warranty rate is well below or above the local
market. In most cases, we are able to increase
Effective Labor Rates at least by $6.00 while at the
same time overcoming the customer's perception that
dealerships are high-priced.
Closing Ratio
With both the sales training videos as well as
in-dealership consulting, you will achieve increases
in closing ratio. However, with current technology
and tracking procedures, it is extremely difficult
to quantify increases in closing ratios. To be
conservative, therefore, we only project one
additional RO closed per day.
Think these Gross Profit increases are too
optimistic? Then cut it in half--and compare the
profit increase to the investment in our services.
We think you will be pleased with the Return on
Investment--but don't go by what we say--call our
clients and ask them yourself.
Coker
Automotive Consultants
3409 Lorna Lane
Birmingham, AL 35216 Phone: (205) 978-8993
(800) 715-8009 Fax: (205)
824-8344 Email:
info@cokerconsultants.com