Expense management – Boost profits by cutting expenses
Abstract: Many dealerships focus on selling more to boost profitability. But sales volume alone doesn’t necessarily raise profits. In fact, pushing more sales through a bloated expense structure can result in lower net profits for a dealership. That’s why it’s important to look at the other side of the ledger — expenses — as you strive to increase your dealership’s profits. This article examines four broad expense categories and offers cost-cutting strategies.