New & Used Car Dept
Dealer Cost Control Empower Program increases monthly profits.
Example Dealer: ABC Dealer
Using a hypothetical annual sales number of 2,000 new/used units sold.
Identifying 30 percent of the units sold has $1200.00 in average down payments made via card payment.
Here’s the math:
Thirty (30) percent of 2000 equals 600 units multiplied by the $1200.00 card swipe equals $720,000.00 down payments collected.
Using a transaction cost of 3 percent means ABC DEALER paid $21,600.00 in fees, collecting those down payments.
Body Shop
Example: Using a hypothetical average of 4 closed RO’s per day, creating 1,460 closed RO’s annually.
With the average deductible for each RO equating to $500.00, ABC Dealer collected $730,000.00 in deductibles.
A common scenario:
Averaging 4 tickets daily creates 1,460 annual clients with the average deductible at $500.00 equals $730,000.00 collected towards repairs.
Using the same estimated 3 percent, ABC Dealer is paying $21,900.00 in card transactions.
Retail Automotive Service Department
Using a hypothetical scenario of 100 repair orders daily, identifying 60 percent of customers pay with an average $175.00 closed ticket.
Here’s the math:
100 RO’s daily, using 26 working days in the month, with the customer pay equaling 60 percent (2600 x 60 percent equals 1,560 monthly average).
The estimated count annually is 18,720 customers paying RO’s with the average closed ticket of $175.00 equals $3,276,000.00.
Using a transaction cost of 3 percent, ABC Dealer will pay $98,280.00 in transaction charges annually.
Parts Department
