To keep your dealership healthy and to follow business owners’ prime directive, turn your pricing model upside down. Rather than forego price increases out of fear, decide what your bottom line must be to thrive, then determine how to earn the necessary amount.
Last year was a big one for the RV industry. We saw record sales along with record revenues. The industry set another record, but not the good kind. Repair Event Cycle Times (RECT) were at all-time highs.
Being an RV finance and insurance professional can be a daunting task for many people across this nation. Often the first step when starting an F&I career in an RV dealership is managing oneself or a team and learning to test one’s skills.
It is a fact: for the first time since I have worked in the RV industry, dealers have lost control of their new-unit inventory.