How Can We Manage Inventory Accruing Interest?

  Hi Sara, We have some inventory sitting around that’s started accruing interest, which is eating into our profits. Do you have any strategies for managing or moving this inventory? Thanks, Mark from PowerPro Equipment ----------------------------------------------------- Hi Mark, Ah, inventory accruing interest—the ultimate dealership headache! When it comes to paying interest or making a buck, I’d say take the dollar every time (especially if you can keep getting more of that unit). You don’t want [...]

By |2024-10-17T16:02:05-05:00October 17th, 2024|Ask Sara Hey, Sales|

Make Margins Work for You (Even the Big-Box Stores Do It!)

Hi Sara, We want to increase our parts sales, but I’m not sure what we’re missing. Do you have any tips on how to drive more parts sales? Thanks, Laura from Urban Equipment & Power -------------------------------------------------------------------------------------------------------------------------------------------- Hi Laura, Great question! It’s awesome you’re looking to rev up those parts sales. Here’s a little trick that’s like finding loose change under the couch cushions—except it’s way better for your bottom line: your service department. They’re probably [...]

By |2024-10-10T12:50:33-05:00October 10th, 2024|Ask Sara Hey, Parts|
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