Benchmarking – How does your dealership rate?

Description

Abstract: In today’s volatile marketplace, it’s harder to get credit and easier to get a franchise taken away. Franchisers and lenders are paying close attention to financial performance — and many have raised the bar on what’s acceptable. But dealers who benchmark their performance against industry standards know their competitive strengths and weaknesses. In turn, they can ask others for best practice advice to turn around weak areas.