How do you rate against your competitors?

Selling Motor Vehicles is a competitive market where generally only the best 20% of dealerships are profitable whilst the remaining business owners struggle to breakeven and even lose money.

So how do you as a motor vehicle business owner ensure you are in the top 20% of dealerships or even better, how do you get to be in the elite band of dealers making superior returns compared to your competitors in the market?

Benchmarking your business against the market to see where you are weak and where you are strong is a vital tool to enable you as a business owner to direct your valuable management time to join the high-performance group.

As a business owner you will have endless issues to attend to each day but how do you get clarity of purpose and focus your valuable time into areas that are going to make your business better and drive profitability and success of your business.

One of the key tools to do this is regular monthly benchmarking.

Software such as XERO and MOTORCENTRAL allow dealership data to be to be presented in a manner that allows quick efficient benchmarking against your competitors to see where we are doing well and where we have room for improvement.

These processes can be automated, and process driven and produced without significant extra work and cost once reporting templates have been established. Using benchmarking unlocks strategic insight into the keys areas to focus on, to drive profitability, cashflow and long-term success in the motor vehicle industry.

Real Time Accounting as Motor Vehicle Dealership experts have developed a team that can build a reporting template for business owners to use as a strategic tool in managing and driving the performance of your business.

As XERO and MOTORCENTRAL experts we have a team of talented Xero certified advisors that can work with you to develop a benchmarking reporting tool that you can use every month.

The Motor Vehicle industry is a tough competitive market where being the winner in your market is key. Getting there using smart analysis available through benchmarking is essential.

If you would like us to build a benchmarking reporting template for you contact us now and we will arrange for an advisor to discuss the process with you.

To hear from one of our experts on setting up your own personalised benchmarking report on a no cost no obligation basis enter your contact details below.

Contact us now to get your structured benchmarking process underway.