Sell or Buy First?
Who knew that Aristotle, the philosopher from Greek antiquity, struggled with the same question used car managers do: Which comes first?
T2L Motivates Used Car Profitability
While you may employ the best inventory management, selection and sourcing tools you can afford in your used car strategy, it is crucial to realize that their promises of profitability hinge first on the speed and efficiency of your reconditioning department.
Process Insanity Wrecks Used Car Profits
T2L disciplines should be the core metric by which you measure modern recon science. This metric will allow you to ask one simple but vital question: “Is my current system bolstering my used car profitability?”
Proactive Time-To-Line Makes Everyone’s Job Easier
The auto dealership reconditioning operation is, historically, a short-term reactive environment. Whether a phase of the work in progress is a tech performing repairs or a vendor detailing wheels — or any of the many recon tasks between — each is siloed from his or her teammates. They are focused on the vehicle in front of them.
The Time to Line Recon Money Maker Explained
Consider two typical dealership reconditioning operations processing 100 cars a month. One transforms cars using the time-to-line (T2L) recon profit model while the other relies on whiteboards to track each vehicle’s progress. Financially, the difference in incremental gross between the two is $300 per car.
How Does a T2L Profit Model Work?
Could the savings dealers are realizing year after year once they implement a time to line (T2L) profit model be too good to be true?
Podcast: Investments in Time to Line
Dennis McGinn, founder and CEO of Rapid Recon, joins us to discuss dealership investments in time to line.
Gross is Hiding in Plain Sight
It is surprisingly easy for gross to be hiding in plain sight at any dealership, but a quick holding cost calculation can identify the magnitude of the profit not being realized compared to the direct benefits, which in turn makes a compelling case for proactive attention to your time to line.
Tools for Managing Your Financial Portfolio
How’s your financial portfolio performing these days? How would you know unless you have access to detailed reports illuminating for you each fund’s performance? Don’t you want to know how your investments are doing overall as well as compared to the market?
How Much Should You Invest in Your Time To Line?
How much money are you spending to manage your time to line (T2L) — the days it takes to get cars from acquisition through recon to sales-ready status?
Short Circuits Disrupt Used Car Profitability
Suddenly, an entire wall of our bedroom had no electrical power. I checked for flipped circuit breakers in the central junction box, but all looked proper. So, to “fix” the problem, which I presumed was a short in the ceiling fan, I climbed onto the bed and, wobbling, pulled the fan housing to check for loose wires.
Happy With Your Time to Line?
Time to line (T2L) is a must-have metric for every dealership, one a best-practices store cannot afford to do without or work from a guesstimate.
