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?
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-To’ Text for Transforming Recon into a Profit Center Will be Available from Rapid Recon at NADA 2019
Rapid Recon’s benchmarks and best practices help GMs, used car managers and service managers fine-tune their reconditioning methods and efficiency to achieve faster time to market that retains vehicle gross.
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.
It’s a Jungle Out There, So a Little Obsessiveness Doesn’t Hurt
Ever watch the offbeat TV police procedural “Monk,” about obsessive-compulsive private eye Adrian Monk? His twitchy investigative style helps him “see” patterns and connect dots that escape others, and he always solves the case.
Accountability is About Benchmarking Recon Success
Land surveyors place a marker known as a benchmark at a peak’s highest measured elevation. Unless the mountain moves, this point of reference calibrates other measurements taken from it.
